South Glens Falls, New York Property Taxes
The median property tax rate in South Glens Falls, NY is 1.59%, 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 South Glens Falls at $197,000, the typical annual property tax bill reaches $3,224, exceeding the national median of $2,690. Property taxes in South Glens Falls 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 South Glens Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of South Glens Falls 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
South Glens Falls, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.59%
Estimate Property Tax Bill
$3,132
$3,097
Ownwell’s South Glens Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Glens Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Glens Falls 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 South Glens Falls, New York
Property taxes in South Glens Falls, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Glens Falls is 1.59%, significantly higher than the U.S. national median of 0.99%. Local government entities within South Glens Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Glens Falls 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 South Glens Falls' effective property tax rate to other regions in New York and the national median. For comparison, the zip code 12803 has the highest median property tax rate of 1.59%, while the same zip code also has the lowest median tax rate of 1.59%. Understanding how these areas compare with South Glens Falls 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 South Glens Falls Tax Rate
1.59%
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 South Glens Falls, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12803 | 1.02% | 1.44% | 1.59% | 1.76% | 2.21% |
Source: Ownwell
Property Tax Assessment Values Across South Glens Falls, New York
In South Glens Falls, 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 South Glens Falls, 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 South Glens Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $3,224 in zip code 12803.
Property Tax Assessment Values Across South Glens Falls, New York
Source: Ownwell
$132,911
$259,274
$385,636
Average South Glens Falls Assessed Value
$197,000
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 South Glens Falls, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12803 | $143,000 | $166,000 | $197,000 | $232,000 | $283,000 |
Source: Ownwell
Property Tax Bills Across South Glens Falls, New York
In South Glens Falls, Saratoga County, NY, property tax bills are determined based on the assessed value of a home, which is derived from its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Several factors influence this process, including property size, location, and any improvements made to the home. For homeowners in South Glens Falls, the tax bill can vary significantly. The median home price in the area is $197,000. At the 25th percentile, the tax bill is around $2,447, while at the 75th percentile, it rises to approximately $3,928. For those at the 90th percentile, the tax bill can reach up to $4,845. The highest median tax bill recorded in the area is $3,224, which is notably higher than the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average South Glens Falls Tax Bill
$3,224
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 South Glens Falls, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12803 | $1,645 | $2,447 | $3,224 | $3,928 | $4,845 |
Source: Ownwell