Valley Falls, Rensselaer County, New York Property Taxes
Median Valley Falls, NY effective property tax rate: 2.63%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Valley Falls, NY home value: $193,269
Median annual Valley Falls, NY tax bill: $5,097, $2,697 higher than the national median property tax bill of $2,400.
How are property taxes in Rensselaer calculated?
Property taxes in Valley Falls, 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 Valley Falls’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Valley Falls, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Valley Falls, Rensselaer County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.63%
Estimate Property Tax Bill
$5,083
$4,717
Property Tax Rates Across Valley Falls, Rensselaer County, New York
Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each year, counties estimate the budget needed to provide essential services and divide this by the total value of all taxable properties within their jurisdiction. This calculation determines the property tax rate. While votes and regulations are involved in setting these rates and budgets, this is essentially how the process unfolds annually.
In Valley Falls, located in Rensselaer County, NY, the effective property tax rate is notably higher than the national median. This reflects the county's approach to meeting its budgetary needs through property taxation. When comparing Valley Falls to other cities in New York and the broader U.S., it becomes evident that the local tax rate is among the highest in the state. For property owners in this area, understanding these rates is crucial for financial planning and exploring potential tax appeal opportunities. By staying informed about local tax rates, property owners can make more educated decisions regarding their real estate investments.
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 Valley Falls Tax Rate
2.63%
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 Valley Falls, Rensselaer County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12185 | 2.26% | 2.44% | 2.63% | 2.86% | 3.07% |
Source: Ownwell
Property Tax Assessment Values Across Valley Falls, Rensselaer County, New York
When examining property taxes in Valley Falls, 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 March. 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 Valley Falls. For example, the median home price in Valley Falls is $193,269, with tax bills ranging significantly across the county. 12185 has the highest median home price at $193,269.
Property Tax Assessment Values Across Valley Falls, Rensselaer County, New York
Source: Ownwell
$103,188
$254,822
$406,456
Median Valley Falls Market Value
$193,269
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 Valley Falls, Rensselaer County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12185 | $99,808 | $142,308 | $193,269 | $256,338 | $330,923 |
Source: Ownwell
Property Tax Bills Across Valley Falls, Rensselaer County, New York
In Valley Falls, Rensselaer County, NY, property tax bills are determined by assessing the property's value and applying the local tax rate. The assessed value is a percentage of the market value, which is then multiplied by the local tax rate to calculate the tax bill. Homeowners here face a median tax bill of $5,097, significantly above the national median of $2,400. This can be a financial burden, especially when compared to the national median property tax rate of 1.02%.
Several factors influence the tax bill, including property location, size, and improvements. With tax bills ranging from $3,842 at the 25th percentile to $8,421 at the 90th percentile, it's clear that understanding and managing these factors is crucial for homeowners.
Ownwell offers valuable assistance by helping homeowners appeal their property tax assessments and identify potential exemptions. By leveraging expertise in local tax regulations, Ownwell can potentially reduce tax liabilities, ensuring homeowners in Valley Falls pay only their fair share.
Property Tax Bills Across Valley Falls, Rensselaer County, New York
Source: Ownwell
$1,989
$5,748
$9,506
Median Valley Falls Tax Bill
$5,097
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 Valley Falls, Rensselaer County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12185 | $2,775 | $3,842 | $5,097 | $6,593 | $8,421 |
Source: Ownwell