Clifton Park, New York Property Taxes
The median property tax rate in Clifton Park, NY is 1.83%, 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 Clifton Park at $300,108, the typical annual property tax bill reaches $5,396, exceeding the national median of $2,690. Property taxes in Clifton Park 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 Clifton Park'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 Clifton Park 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
Clifton Park, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.83%
Estimate Property Tax Bill
$5,492
$5,096
Ownwell’s Clifton Park Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clifton Park with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clifton Park 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 Clifton Park, New York
Property taxes in Clifton Park, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clifton Park is 1.83%, significantly higher than the U.S. national median of 0.99%. Local government entities within Clifton Park set these rates annually, and they can vary across different neighborhoods. Each year, Clifton Park 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 Clifton Park's effective property tax rate to other areas in Saratoga County and the national median. For comparison, the zip code 12065 has the highest median property tax rate of 1.83%, while the lowest median tax rate in the area is also 1.83%. Understanding how these numbers compare with Clifton Park 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 Clifton Park Tax Rate
1.83%
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 Clifton Park, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12065 | 1.25% | 1.71% | 1.83% | 1.95% | 2.05% |
Source: Ownwell
Property Tax Assessment Values Across Clifton Park, New York
In Clifton Park, 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 Assessment Office 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 Clifton Park, 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 Clifton Park helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $5,396 in the 12065 zip code, while the lowest median tax bill is also $5,396 in the same zip code.
Average Clifton Park Assessed Value
$300,108
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 Clifton Park, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12065 | $169,130 | $250,000 | $300,108 | $409,620 | $510,371 |
Source: Ownwell
Property Tax Bills Across Clifton Park, New York
In Clifton Park, located in Saratoga County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area is $300,108. The local tax rate is applied to the assessed value of the property to determine the annual tax bill. Factors such as property improvements, neighborhood developments, and market fluctuations can influence the assessed value, leading to variations in property tax bills. Homeowners in Clifton Park can expect a wide range of tax bills. For instance, the 25th percentile tax bill is around $3,791, while the 75th percentile tax bill reaches approximately $7,253. At the 90th percentile, tax bills can go up to $9,417. These figures indicate that while some homeowners may face relatively moderate tax bills, others could experience significantly higher costs. The highest and lowest median tax bills in the area are both recorded at $5,396, reflecting a consistent tax rate within the 12065 zip code. This variability in tax bills can significantly impact homeowners' annual budgets and financial planning.
Average Clifton Park Tax Bill
$5,396
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 Clifton Park, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12065 | $2,342 | $3,791 | $5,396 | $7,253 | $9,417 |
Source: Ownwell