Burnt Hills, New York Property Taxes
The median property tax rate in Burnt Hills, NY is 0.40%, significantly lower than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Burnt Hills, the typical annual property tax bill is $1,127, which is well below the national median of $2,690. Property taxes in Burnt Hills are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Burnt Hills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Burnt Hills or another part of Saratoga County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Burnt Hills, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$1,134
$1,052
Ownwell’s Burnt Hills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Burnt Hills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burnt Hills 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 Burnt Hills, New York
Property taxes in Burnt Hills, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burnt Hills is 0.40%, lower than both the New York state median and the U.S. national median of 0.99%. Local government entities within Burnt Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burnt Hills 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 Burnt Hills' effective property tax rate to other counties in New York and the national median. For comparison, the 12027 zip code has both the highest and lowest median property tax rate of 0.40%. Understanding how these cities compare with Burnt Hills provides valuable insights into the varying tax landscape across Saratoga County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burnt Hills Tax Rate
0.40%
Average Saratoga County Tax Rate
1.62%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burnt Hills, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12027 | 0.36% | 0.39% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Burnt Hills, New York
In Burnt Hills, 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 Saratoga County Appraisal District 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 Burnt Hills, 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. The median home price in Burnt Hills is $283,541, with the 25th percentile tax bill at $923 and the 75th percentile tax bill at $1,501. The highest median tax bill is $1,127 in the 12027 zip code, which is also the lowest. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Burnt Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Burnt Hills Assessed Value
$283,541
Average Saratoga County Assessed Value
$282,609
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burnt Hills, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12027 | $201,941 | $231,541 | $283,541 | $368,656 | $471,817 |
Source: Ownwell
Property Tax Bills Across Burnt Hills, New York
In Burnt Hills, Saratoga County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor and ideally reflects the market value of the property. Once the assessed value is established, it is multiplied by the local property tax rate to determine the annual tax bill. Several factors influence the tax bill, including the property's location, size, and condition. For example, in Burnt Hills, the median home price is $283,541. Homeowners in the 25th percentile of tax bills pay around $923 annually, while those in the 75th percentile pay about $1,501. The 90th percentile sees tax bills as high as $1,906. Compared to the national median property tax rate of 0.99%, Burnt Hills homeowners may find their tax rates to be relatively moderate. Understanding these factors can help homeowners anticipate their property tax responsibilities and plan their finances accordingly.
Average Burnt Hills Tax Bill
$1,127
Average Saratoga County Tax Bill
$4,340
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Burnt Hills, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12027 | $787 | $923 | $1,127 | $1,501 | $1,906 |
Source: Ownwell