Stillwater, New York Property Taxes
The median property tax rate in Stillwater, NY is 1.60%, 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 Stillwater at $225,000, the typical annual property tax bill reaches $3,528, exceeding the national median of $2,690. Property taxes in Stillwater 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 Stillwater'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 Stillwater 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
Stillwater, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.6%
Estimate Property Tax Bill
$3,600
$3,559
Ownwell’s Stillwater Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Stillwater with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Stillwater to provide an estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. Scroll down for more localized information if you're interested in neighborhood trends. Your property’s assessed value, determined by Saratoga County, is used for property tax calculations and accounts for any applicable exemptions.
Property Tax Rates Across Stillwater, New York
Property taxes in Stillwater, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stillwater is 1.60%, significantly higher than the U.S. national median of 0.99%. Local government entities within Stillwater set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stillwater 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 Stillwater's effective property tax rate to other counties in New York and the national median. For comparison, the 12170 zip code has the highest median property tax rate of 1.60%, while the 12170 zip code also has the lowest median tax rate of 1.60%. Understanding how these cities compare with Stillwater 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 Stillwater Tax Rate
1.60%
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 Stillwater, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12170 | 0.95% | 1.35% | 1.60% | 1.79% | 1.90% |
Source: Ownwell
Property Tax Assessment Values Across Stillwater, New York
In Stillwater, 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 Stillwater, 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 Stillwater helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Stillwater is $225,000, with the highest and lowest median tax bills both being $3,528 in zip code 12170.
Average Stillwater Assessed Value
$225,000
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 Stillwater, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12170 | $131,579 | $177,632 | $225,000 | $309,211 | $460,526 |
Source: Ownwell
Property Tax Bills Across Stillwater, New York
In Stillwater, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as the home's market value, location, and any applicable exemptions or abatements can influence the assessed value. For instance, a median home price in Stillwater is $225,000. Within Saratoga County, homeowners experience varying tax bills. The 25th percentile tax bill is approximately $2,482, while the 75th percentile reaches around $5,046. At the 90th percentile, tax bills can soar to $7,891. The highest and lowest median tax bills in the area are both $3,528, attributed to zip code 12170. These figures highlight the range of property tax burdens homeowners may face, which can significantly impact their financial planning and housing affordability. Comparing this to the national median property tax rate of 0.99%, Stillwater's property tax rates can vary significantly based on individual property assessments and local tax policies.
Average Stillwater Tax Bill
$3,528
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 Stillwater, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12170 | $1,462 | $2,482 | $3,528 | $5,046 | $7,891 |
Source: Ownwell