Esperance, Schenectady County, New York Property Taxes

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

Median Esperance, NY effective property tax rate: 2.21%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Esperance, NY home value: $223,077
Median annual Esperance, NY tax bill: $4,729, $2,329 higher than the national median property tax bill of $2,400.

How are property taxes in Schenectady calculated?

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

Last Updated March 1, 2025

Esperance, Schenectady County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.21%

Estimate Property Tax Bill

$4,930

$4,575

Ownwell’s Esperance Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Esperance with just two data points. By entering your property's estimated assessed value, our calculator applies Esperance’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 Schenectady. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Esperance, Schenectady County, New York

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget 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. In Esperance, located in Schenectady County, NY, the effective property tax rate stands out compared to other cities in the state. With a median tax rate of 2.21%, Esperance's rate is significantly higher than the national median property tax rate of 1.02%. This rate places it among the highest in the nation. The property tax bill in Esperance also surpasses the national median of $2,400. This highlights the importance of understanding property taxes in your area, as they can significantly impact your finances. By comparing Esperance's rate to state and national figures, property owners can gain insights into how their tax obligations measure up and explore potential savings through property tax appeals and exemptions.

Property Tax Rates Across Esperance, Schenectady County, New York

Source: Ownwell

2.21%

3.50%

4.78%

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 Esperance Tax Rate

2.21%

Median Effective Schenectady County Tax Rate

3.48%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Esperance, Schenectady County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
12066	1.74%	1.99%	2.21%	2.37%	2.49%

Source: Ownwell

Property Tax Assessment Values Across Esperance, Schenectady County, New York

When examining property taxes in Esperance, 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 Schenectady 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 Schenectady 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 Esperance. For example, the median home price in Esperance is $223,077, with tax bills ranging significantly across the county. ZIP code 12066 has the highest median home price at $223,077.

Property Tax Assessment Values Across Esperance, Schenectady County, New York

Source: Ownwell

$83,110

$172,653

$262,195

Median Esperance Market Value

$223,077

Median Schenectady County Market Value

$185,500

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Esperance, Schenectady County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
12066	$110,538	$152,692	$223,077	$288,462	$383,077

Source: Ownwell

Property Tax Bills Across Esperance, Schenectady County, New York

In Esperance, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. With the median home price at $223,077, homeowners in Esperance typically face higher property tax bills compared to the national median. The 25th percentile tax bill is $3,406, while the 75th percentile reaches $6,602, and the 90th percentile climbs to $8,142. These figures indicate a significant range in tax burdens, highlighting the importance of accurate assessments. Homeowners often pay more than the national median property tax bill of $2,400, which can be financially challenging. Ownwell can assist homeowners by providing expert property tax appeal and exemption services. By ensuring that assessments are fair and accurate, Ownwell helps reduce unnecessary tax burdens, potentially saving homeowners a considerable amount on their property tax bills and easing financial stress.

Property Tax Bills Across Esperance, Schenectady County, New York

Source: Ownwell

$3,943

$6,789

$9,634

Median Esperance Tax Bill

$4,729

Median Schenectady County Tax Bill

$5,926

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Esperance, Schenectady County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
12066	$2,295	$3,406	$4,729	$6,602	$8,142

Source: Ownwell

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Dates

Links
Schenectady Assessment Review Commission
Website	schenectady.sdgnys.com