Ballston Spa, Saratoga County, New York Property Taxes
Median Ballston Spa, NY effective property tax rate: 1.76%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Ballston Spa, NY home value: $274,510
Median annual Ballston Spa, NY tax bill: $4,457, $2,057 higher than the national median property tax bill of $2,400.
How are property taxes in Saratoga calculated?
Property taxes in Ballston Spa, 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 Ballston Spa’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ballston Spa, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ballston Spa, Saratoga County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.76%
Estimate Property Tax Bill
$4,831
$4,483
Property Tax Rates Across Ballston Spa, Saratoga County, New York
Local government entities set tax rates, which can vary widely within a state. 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, this is the annual process in a nutshell.
In Ballston Spa, Saratoga County, the effective property tax rate stands at 1.76%, which is significantly higher than the national median of 1.02%. This means homeowners in Ballston Spa pay a larger portion of their property's value in taxes compared to the national average. Despite this, the consistency in the tax rate across the region indicates a stable tax environment, which can be appealing for those looking to settle in an area with predictable tax obligations.
Comparing Ballston Spa's property tax rate to the national median highlights the importance of understanding local tax rates when considering property investments. It’s crucial to factor in these rates as they directly impact the overall cost of homeownership.
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 Ballston Spa Tax Rate
1.76%
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 Saratoga County Tax Rate
1.62%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ballston Spa, Saratoga County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12020 | 0.49% | 1.45% | 1.76% | 1.93% | 2.02% |
Source: Ownwell
Property Tax Assessment Values Across Ballston Spa, Saratoga County, New York
When examining property taxes in Ballston Spa, 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 Saratoga 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 Saratoga County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Ballston Spa.
For example, the median home price in Ballston Spa is $274,510, with tax bills ranging significantly across the county. The 12020 zip code has the highest median home price at $274,510.
Property Tax Assessment Values Across Ballston Spa, Saratoga County, New York
Source: Ownwell
$132,911
$259,274
$385,636
Median Ballston Spa Market Value
$274,510
Median Saratoga County Market Value
$282,609
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ballston Spa, Saratoga County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12020 | $169,935 | $208,000 | $274,510 | $354,587 | $452,230 |
Source: Ownwell
Property Tax Bills Across Ballston Spa, Saratoga County, New York
In Ballston Spa, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This value is then multiplied by the local tax rate to arrive at the annual property tax bill. Factors influencing the assessed value include the home's market value, location, and any improvements made to the property. Homeowners in Saratoga County experience a range of tax bills, with the 25th percentile at $3,141 and the 75th percentile reaching $6,027. The highest median tax bill in the area is $4,457, significantly above the national median of $2,400. These taxes can be a substantial burden for homeowners, especially when they exceed national averages.
Ownwell helps homeowners in Ballston Spa reduce their property tax bills by providing expert property tax appeal services. By reviewing assessments and identifying discrepancies, Ownwell ensures that homeowners are not overpaying. This service can lead to significant savings, offering peace of mind and financial relief to property owners concerned about their tax obligations.
Median Ballston Spa Tax Bill
$4,457
Median Saratoga County Tax Bill
$4,340
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Ballston Spa, Saratoga County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12020 | $1,404 | $3,141 | $4,457 | $6,027 | $7,954 |
Source: Ownwell