Malta, Saratoga County, New York Property Taxes
Median Malta, NY effective property tax rate: 1.58%, significantly higher than the national median of 1.02%, but lower than the NY state median of 2.39%.
Median Malta, NY home value: $324,000
Median annual Malta, NY tax bill: $4,871, $2,471 higher than the national median property tax bill of $2,400.
How are property taxes in Saratoga calculated?
Property taxes in Malta, 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 Malta’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Malta, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Malta, Saratoga County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.58%
Estimate Property Tax Bill
$5,119
$4,750
Property Tax Rates Across Malta, Saratoga County, New York
Local government entities determine tax rates, and these can differ significantly even within a state. This variation is primarily because each county annually calculates the necessary budget to maintain services and then divides this by the total assessed value of all taxable property in its jurisdiction. This process establishes the property tax rate. Although there are votes and legislation involved in setting these rates and budgets, this is the basic annual procedure.
Let's compare Malta's effective property tax rate to other cities in New York and the median property tax rates in New York and across the United States. Malta, located in Saratoga County, has a tax rate that is above the national median of 1.02% and higher than the national median property tax bill of $2400. This places Malta's property taxes among the higher end in the state. Understanding these rates can help property owners in Malta make informed decisions about their investments and potential tax savings opportunities.
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 Malta Tax Rate
1.58%
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 Malta, Saratoga County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12020 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Malta, Saratoga County, New York
When examining property taxes in Malta, 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 March. 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 Malta. For example, the median home price in Malta is $324,000, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Malta, Saratoga County, New York
Source: Ownwell
$132,911
$259,274
$385,636
Median Malta Market Value
$324,000
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 Malta, Saratoga County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12020 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Malta, Saratoga County, New York
In Malta, located in Saratoga County, NY, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors and is a percentage of the market value. Homeowners in Malta face a median property tax bill that is significantly higher than the national median of $2,400. The tax bill for the 25th percentile is $3,940, while the 75th percentile is $5,815, and the 90th percentile reaches $6,410. These figures reflect the substantial financial burden property taxes can impose on homeowners.
Several factors influence the tax bill, including the local tax rate and any exemptions for which the homeowner qualifies. High property taxes can affect homeowners by increasing the cost of owning a home, potentially limiting disposable income and affecting financial planning.
Ownwell offers a solution by helping homeowners appeal their property tax assessments and apply for exemptions. By leveraging expertise in property tax laws and local market conditions, Ownwell can help reduce property tax bills, providing significant savings for homeowners in Malta.
Median Malta Tax Bill
$4,871
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 Malta, Saratoga County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12020 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell