Galway, Saratoga County, New York Property Taxes

Name: Property Tax Bills Across Galway, Saratoga County, New York
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Galway, 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 Galway, NY home value: $218,254
Median annual Galway, NY tax bill: $3,267, $867 higher than the national median property tax bill of $2,400.

How are property taxes in Saratoga calculated?

Property taxes in Galway, 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 Galway’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Galway, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Galway, Saratoga County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.61%

Estimate Property Tax Bill

$3,514

$3,261

Ownwell’s Galway Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Galway with just two data points. By entering your property's estimated assessed value, our calculator applies Galway’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Saratoga County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Galway, Saratoga County, New York

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget annually 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, in a nutshell, this is the annual process.

Galway in Saratoga County, NY, has an effective property tax rate that reflects the state’s median of 1.61%. This rate is notably higher than the national median property tax rate of 1.02%. Consequently, property owners in Galway may find themselves paying a higher property tax bill compared to the national median of $2,400. Understanding these rates is crucial for property owners who wish to manage their expenses effectively. By staying informed about property tax trends and rates, residents can make more strategic financial decisions. Engaging with property tax consulting services can provide valuable insights and assistance in navigating these complexities.

Property Tax Rates Across Galway, Saratoga County, New York

Source: Ownwell

0.37%

1.28%

2.19%

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 Galway Tax Rate

1.61%

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 Galway, Saratoga County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
12074	0.46%	1.33%	1.61%	1.73%	1.88%

Source: Ownwell

Property Tax Assessment Values Across Galway, Saratoga County, New York

When examining property taxes in Galway, 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 Galway.

For example, the median home price in Galway is $218,254, with tax bills ranging significantly across the county. Zip code 12074 has the highest median home price at $218,254.

Property Tax Assessment Values Across Galway, Saratoga County, New York

Source: Ownwell

$132,911

$259,274

$385,636

Median Galway Market Value

$218,254

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 Galway, Saratoga County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
12074	$93,729	$154,000	$218,254	$302,834	$393,155

Source: Ownwell

Property Tax Bills Across Galway, Saratoga County, New York

In Galway, located in Saratoga County, NY, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Galway is $218,254, with property tax bills ranging from $1,748 at the 25th percentile to $6,278 at the 90th percentile. The median tax bill for the area is $3,267, notably higher than the national median property tax bill of $2,400. This difference highlights the financial impact on homeowners, who must budget for these expenses annually. Factors influencing property tax bills include changes in market value, local tax rates, and exemptions. Ownwell assists homeowners by providing expert property tax appeal services, potentially lowering their assessed values and, consequently, their tax bills. By leveraging local expertise and a comprehensive understanding of property tax laws, Ownwell helps clients navigate the complexities of the tax system, ensuring they pay only their fair share. This service can lead to significant savings, easing the financial burden on homeowners.

Property Tax Bills Across Galway, Saratoga County, New York

Source: Ownwell

$1,115

$3,923

$6,730

Median Galway Tax Bill

$3,267

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 Galway, Saratoga County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
12074	$806	$1,748	$3,267	$4,816	$6,278

Source: Ownwell