Stephentown, Rensselaer County, New York Property Taxes
Median Stephentown, NY effective property tax rate: 2.08%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Stephentown, NY home value: $189,892
Median annual Stephentown, NY tax bill: $3,933, $1,533 higher than the national median property tax bill of $2,400.
How are property taxes in Rensselaer calculated?
Property taxes in Stephentown, 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 Stephentown’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Stephentown, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Stephentown, Rensselaer County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.08%
Estimate Property Tax Bill
$3,950
$3,665
Property Tax Rates Across Stephentown, Rensselaer County, New York
Local government entities determine tax rates, which can vary significantly within a state. This variation arises because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Stephentown, located in Rensselaer County, the effective property tax rate is higher than the national median of 1.02%. The median property tax rate in New York is 2.08%, which is also above the national average. Stephentown's rate is competitive within the state, offering a glimpse into the broader property tax landscape of New York.
Comparing Stephentown to other cities in New York, it is evident that the state's rates are generally higher than the national median, reflecting the diverse economic needs and property values across the region. Understanding these rates can help property owners make informed decisions about their investments and potential savings through tax appeals and exemptions.
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 Stephentown Tax Rate
2.08%
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 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 Stephentown, Rensselaer County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12168 | 1.54% | 1.92% | 2.02% | 2.26% | 2.26% |
| 12169 | 1.91% | 2.06% | 2.26% | 2.55% | 2.55% |
Source: Ownwell
Property Tax Assessment Values Across Stephentown, Rensselaer County, New York
When examining property taxes in Stephentown, 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.
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 Stephentown. For example, the median home price in Stephentown is $189,892, with tax bills ranging significantly across the county. Zip code 12168 has the highest median home price at $191,398.
Property Tax Assessment Values Across Stephentown, Rensselaer County, New York
Source: Ownwell
$103,188
$254,822
$406,456
Median Stephentown Market Value
$189,892
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 Stephentown, Rensselaer County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12168 | $96,774 | $144,328 | $191,398 | $261,290 | $337,376 |
| 12169 | $88,301 | $139,785 | $186,353 | $245,914 | $315,957 |
Source: Ownwell
Property Tax Bills Across Stephentown, Rensselaer County, New York
Median Stephentown Tax Bill
$3,933
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 Stephentown, Rensselaer County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12168 | $1,709 | $2,779 | $3,891 | $5,341 | $6,983 |
| 12169 | $1,780 | $3,002 | $4,112 | $5,705 | $7,578 |
Source: Ownwell