Charlton, New York Property Taxes
The median property tax rate in Charlton, NY is 2.26%, considerably higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Charlton at $309,698, the typical annual property tax bill reaches $9,323, significantly exceeding the national median of $2,690. Property taxes in Charlton are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Charlton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Charlton or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Charlton, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.26%
Estimate Property Tax Bill
$6,999
$6,495
Ownwell’s Charlton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Charlton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Charlton 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 Charlton, New York
Property taxes in Charlton, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Charlton is 2.26%, significantly higher than the U.S. national median of 0.99%. Local government entities within Charlton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Charlton 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 Charlton's effective property tax rate to other counties in New York and the national median. For comparison, the 12019 zip code has the highest median property tax rate of 2.26%, while the 12019 zip code also has the lowest median tax rate of 2.26%. Understanding how these cities compare with Charlton 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 Charlton Tax Rate
2.26%
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 Charlton, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12019 | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% |
Source: Ownwell
Property Tax Assessment Values Across Charlton, New York
In Charlton, 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 Charlton, 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. 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 Charlton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Charlton are both $9,323, found in the zip code 12019.
Average Charlton Assessed Value
$309,698
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 Charlton, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12019 | $227,298 | $258,198 | $309,698 | $361,198 | $392,098 |
Source: Ownwell
Property Tax Bills Across Charlton, New York
In Charlton, located in Saratoga County, NY, property tax bills are calculated based on the assessed value of the home and the local tax rate. The median home price in Charlton is $309,698, and the property tax rate is significantly higher than the national median of 0.99%. Homeowners in Charlton can expect a median tax bill of $9,323, which is consistent across various percentiles, indicating a uniformity in tax assessments. The tax bill is determined by multiplying the assessed value of the property by the local tax rate. Factors such as the property's location, size, and any improvements or renovations can influence the assessed value. High property taxes in Charlton can impact homeowners by increasing their annual expenses, potentially affecting their ability to afford other necessities. However, these taxes also contribute to local amenities and services, such as schools, public safety, and infrastructure, which can enhance property values over time.
Average Charlton Tax Bill
$9,323
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 Charlton, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12019 | $9,323 | $9,323 | $9,323 | $9,323 | $9,323 |
Source: Ownwell