Grafton, Rensselaer County, New York Property Taxes

Name: Property Tax Bills Across Grafton, Rensselaer County, New York
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Grafton, NY effective property tax rate: 2.21%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Grafton, NY home value: $218,072
Median annual Grafton, NY tax bill: $4,123, $1,723 higher than the national median property tax bill of $2,400.

How are property taxes in Rensselaer calculated?

Property taxes in Grafton, NY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Grafton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Grafton, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Grafton, Rensselaer County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.21%

Estimate Property Tax Bill

$4,819

$4,472

Ownwell’s Grafton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Grafton with just two data points. By entering your property's estimated assessed value, our calculator applies Grafton’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Rensselaer. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Grafton, Rensselaer County, New York

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Grafton’s effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S. Grafton, located in Rensselaer County, has a median property tax rate of 2.21%, which is significantly higher than the national median of 1.02%. This makes Grafton one of the areas with the highest property tax rates in the state. Understanding these rates can help property owners make informed financial decisions and potentially seek tax appeal or exemption services to reduce their tax burden.

Property Tax Rates Across Grafton, Rensselaer County, New York

Source: Ownwell

2.02%

2.68%

3.35%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Grafton Tax Rate

2.21%

Median Effective Rensselaer County Tax Rate

2.60%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Grafton, Rensselaer County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
12082	2.03%	2.21%	2.21%	2.21%	2.21%

Source: Ownwell

Property Tax Assessment Values Across Grafton, Rensselaer County, New York

When examining property taxes in Grafton, NY, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Rensselaer County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Rensselaer County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Grafton. For example, the median home price in Grafton is $218,072, with tax bills ranging significantly across the county. 12082 has the highest median home price at $218,072.

Property Tax Assessment Values Across Grafton, Rensselaer County, New York

Source: Ownwell

$103,188

$254,822

$406,456

Median Grafton Market Value

$218,072

Median Rensselaer County Market Value

$193,797

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Grafton, Rensselaer County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
12082	$159,518	$169,880	$218,072	$290,361	$372,530

Source: Ownwell

Property Tax Bills Across Grafton, Rensselaer County, New York

In Grafton, located in Rensselaer County, NY, property tax bills are determined by applying the local tax rate to the assessed value of a property. The assessed value is a percentage of the market value, which is subject to change based on market conditions and local assessments. Homeowners in Grafton face a median property tax bill of $4,123, significantly higher than the national median of $2,400. The tax bill can range widely, with the 25th percentile at $3,657 and the 75th percentile reaching $5,761, reflecting the variability in property values and tax rates within the area. This disparity can significantly impact homeowners, often leading to financial strain. Ownwell offers a solution by providing property tax appeal services, aiming to reduce the assessed value and consequently lower the tax bill. By leveraging local expertise and data-driven insights, Ownwell helps homeowners navigate the complex tax system, maximizing potential savings and easing the financial burden of high property taxes.

Property Tax Bills Across Grafton, Rensselaer County, New York

Source: Ownwell

$1,989

$5,748

$9,506

Median Grafton Tax Bill

$4,123

Median Rensselaer County Tax Bill

$5,040

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Grafton, Rensselaer County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
12082	$3,085	$3,657	$4,123	$5,761	$6,410

Source: Ownwell