Broadalbin, Saratoga County, New York Property Taxes
Median Broadalbin, NY effective property tax rate: 1.61%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Broadalbin, NY home value: $199,778
Median annual Broadalbin, NY tax bill: $2,817, $417 higher than the national median property tax bill of $2,400.
How are property taxes in Saratoga calculated?
Property taxes in Broadalbin, 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 Broadalbin’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Broadalbin, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Broadalbin, Saratoga County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.61%
Estimate Property Tax Bill
$3,216
$2,985
Property Tax Rates Across Broadalbin, Saratoga County, New York
Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation occurs because each year, counties estimate their necessary budget to provide essential services and then divide that by the total value of all taxable property in their area, resulting in the property tax rate. Although votes and legislation play roles in determining tax rates and budgets, this is the core process that takes place annually.
In Broadalbin, located in Saratoga County, the effective property tax rate is 1.61%, which is higher than the national median of 1.02%. This rate is consistent across the county, as the highest and lowest median tax rates in the area are both 1.61%. When compared to the national landscape, property owners in Broadalbin face a relatively steeper tax rate, which can influence decisions for both potential buyers and current homeowners. Understanding these local tax dynamics is crucial for making informed property investment decisions.
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 Broadalbin Tax Rate
1.61%
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 Broadalbin, Saratoga County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12025 | 0.55% | 1.25% | 1.61% | 1.74% | 1.97% |
Source: Ownwell
Property Tax Assessment Values Across Broadalbin, Saratoga County, New York
When examining property taxes in Broadalbin, 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 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 Broadalbin. For example, the median home price in Broadalbin is $199,778, with tax bills ranging significantly across the county. Zip code 12025 has the highest median home price at $199,778.
Property Tax Assessment Values Across Broadalbin, Saratoga County, New York
Source: Ownwell
$132,911
$259,274
$385,636
Median Broadalbin Market Value
$199,778
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 Broadalbin, Saratoga County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12025 | $65,312 | $122,402 | $199,778 | $281,334 | $372,731 |
Source: Ownwell
Property Tax Bills Across Broadalbin, Saratoga County, New York
In Broadalbin, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The tax rate is applied to this assessed value, resulting in the annual tax bill. Homeowners in Broadalbin typically face a median property tax bill of $2,817, which is higher than the national median of $2,400. Factors influencing the tax bill include the property's assessed value and any applicable exemptions or deductions. This can significantly impact homeowners, especially those with properties assessed at the higher end, where tax bills can reach up to $5,900.
Ownwell can assist homeowners in Broadalbin by identifying potential savings through property tax appeals and exemptions. By analyzing the assessed value and comparing it to market trends, Ownwell helps ensure homeowners are not overpaying. Our experts guide property owners through the appeal process, potentially lowering their tax bills and offering peace of mind. With Ownwell's support, homeowners can achieve fair property tax assessments and reduce their financial burden.
Median Broadalbin Tax Bill
$2,817
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 Broadalbin, Saratoga County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12025 | $607 | $1,646 | $2,817 | $4,270 | $5,900 |
Source: Ownwell