Burnt Hills, New York Property Taxes
The median property tax rate in Burnt Hills, NY is 2.67%, 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 Burnt Hills at $253,734, the typical annual property tax bill reaches $7,209, exceeding the national median of $2,690. Property taxes in Burnt Hills 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 Burnt Hills'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 Burnt Hills 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
Burnt Hills, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.67%
Estimate Property Tax Bill
$6,775
$6,698
Ownwell’s Burnt Hills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Burnt Hills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burnt Hills 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 Burnt Hills, New York
Property taxes in Burnt Hills, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burnt Hills is 2.67%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Burnt Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burnt Hills 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 Burnt Hills' effective property tax rate to other counties in New York and the national median. For comparison, the 12027 zip code has the highest median property tax rate of 2.67%, while the lowest median tax rate in the region is also 2.67%, reflecting a uniform tax rate within Burnt Hills. Understanding how these cities compare with Burnt Hills provides valuable insights into the varying tax landscape across Schenectady County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burnt Hills Tax Rate
2.67%
Average Schenectady County Tax Rate
3.48%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burnt Hills, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12027 | 2.24% | 2.54% | 2.67% | 2.86% | 2.86% |
Source: Ownwell
Property Tax Assessment Values Across Burnt Hills, New York
In Burnt Hills, NY, 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 Schenectady 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 Burnt Hills, 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 Burnt Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Burnt Hills, the zip code 12027 has the highest and lowest median tax bill, both at $7209, which is significantly higher than the national median property tax rate of 0.99%.
Average Burnt Hills Assessed Value
$253,734
Average Schenectady County Assessed Value
$185,500
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burnt Hills, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12027 | $186,734 | $213,333 | $253,734 | $329,966 | $422,134 |
Source: Ownwell
Property Tax Bills Across Burnt Hills, New York
In Burnt Hills, Schenectady County, NY, property tax bills are calculated based on the assessed value of a homeowner’s property and the local tax rate. The assessed value is determined by local assessors who evaluate the property's market value. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. Factors such as property size, location, and condition significantly influence the assessed value. Homeowners in Burnt Hills experience property tax bills that vary widely. The 25th percentile tax bill is around $5,593, while the 75th percentile reaches $9,014, and the 90th percentile can be as high as $11,740. Compared to the national median property tax rate of 0.99%, homeowners in Burnt Hills often face higher tax bills due to the higher assessed values and local tax rates. This can significantly impact homeowners, making it crucial to stay informed about potential exemptions and appeals to manage their tax liabilities effectively.
Average Burnt Hills Tax Bill
$7,209
Average Schenectady County Tax Bill
$5,926
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Burnt Hills, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12027 | $4,389 | $5,593 | $7,209 | $9,014 | $11,740 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Schenectady Assessment Review Commission | |
| Website | schenectady.sdgnys.com |