Schodack Landing, Rensselaer County, New York Property Taxes
The median property tax rate in Schodack Landing, NY is 3.07%, considerably higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Schodack Landing at $242,785, the typical annual property tax bill reaches $6,968, far exceeding the national median of $2,690. Property taxes in Schodack Landing are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Schodack Landing's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Schodack Landing or another part of Rensselaer County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Schodack Landing, Rensselaer County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.07%
Estimate Property Tax Bill
$7,453
$6,917
Ownwell’s Schodack Landing Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Schodack Landing with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Schodack Landing to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Schodack Landing, Rensselaer County, New York
Property taxes in Schodack Landing, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Schodack Landing is 3.07%, significantly higher than the U.S. national median of 0.99%. Local government entities within Schodack Landing set these rates annually, and they can vary significantly across different neighborhoods. Each year, Schodack Landing estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Schodack Landing's effective property tax rate to other areas in New York and the national median. For comparison, the zip code 12156 has both the highest and lowest median property tax rate of 3.07%. Understanding how these areas compare with Schodack Landing provides valuable insights into the varying tax landscape across Rensselaer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Property Tax Rates Across Schodack Landing, Rensselaer County, New York
Source: Ownwell
2.02%
2.68%
3.35%
Average Schodack Landing Tax Rate
3.07%
Average Rensselaer County Tax Rate
2.60%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Schodack Landing, Rensselaer County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12156 | 2.65% | 2.92% | 3.07% | 3.09% | 3.38% |
Source: Ownwell
Property Tax Assessment Values Across Schodack Landing, Rensselaer County, New York
In Schodack Landing, New York, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Rensselaer County Assessment Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Schodack Landing, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For example, the median home price in the area is $242,785, with tax bills ranging significantly. The 25th percentile tax bill is $5,309, while the 75th percentile tax bill is $9,853. Notably, the highest and lowest median tax bill in the zip code 12156 is $6,968. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Schodack Landing, Rensselaer County, New York
Source: Ownwell
$103,188
$254,822
$406,456
Average Schodack Landing Assessed Value
$242,785
Average Rensselaer County Assessed Value
$193,797
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Schodack Landing, Rensselaer County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12156 | $131,392 | $168,861 | $242,785 | $343,671 | $429,747 |
Source: Ownwell
Property Tax Bills Across Schodack Landing, Rensselaer County, New York
In Schodack Landing, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners, this means that the higher the assessed value of their property, the higher their tax bill will be. The median home price in Schodack Landing is $242,785, and tax bills vary significantly. Homeowners in the 25th percentile pay around $5,309, while those in the 75th percentile face bills of approximately $9,853. At the 90th percentile, tax bills can reach up to $12,553. These figures are notably higher than the national median property tax rate of 0.99%, reflecting the higher tax rates in this area. For homeowners, understanding these factors is crucial for financial planning and managing annual expenses.
Property Tax Bills Across Schodack Landing, Rensselaer County, New York
Source: Ownwell
$1,989
$5,748
$9,506
Average Schodack Landing Tax Bill
$6,968
Average Rensselaer County Tax Bill
$5,040
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Schodack Landing, Rensselaer County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12156 | $3,914 | $5,309 | $6,968 | $9,853 | $12,553 |
Source: Ownwell