Rotterdam Junction, New York Property Taxes
The median property tax rate in Rotterdam Junction, NY is 3.55%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Rotterdam Junction at $192,800, the typical annual property tax bill reaches $6,628, far exceeding the national median of $2,690. Property taxes in Rotterdam Junction 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 Rotterdam Junction'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 Rotterdam Junction 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
Rotterdam Junction, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.55%
Estimate Property Tax Bill
$6,844
$6,351
Ownwell’s Rotterdam Junction Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rotterdam Junction with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rotterdam Junction 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 Rotterdam Junction, New York
Property taxes in Rotterdam Junction, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rotterdam Junction is 3.55%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Rotterdam Junction set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rotterdam Junction 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 Rotterdam Junction's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 12150 has the highest median property tax rate of 3.55%, while the same zip code also has the lowest median tax rate of 3.55%. Understanding how these cities compare with Rotterdam Junction 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 Rotterdam Junction Tax Rate
3.55%
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 Rotterdam Junction, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12150 | 1.50% | 3.37% | 3.55% | 3.55% | 3.55% |
Source: Ownwell
Property Tax Assessment Values Across Rotterdam Junction, New York
In Rotterdam Junction, 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 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 Rotterdam Junction, 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. The median home price here is $192,800, with tax bills ranging from $5,461 at the 25th percentile to $10,433 at the 90th percentile. Understanding these valuation concepts helps property owners navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions. The zip code 12150 has the highest and lowest median tax bill at $6,628, highlighting the importance of staying informed to manage your tax burden effectively.
Property Tax Assessment Values Across Rotterdam Junction, New York
Source: Ownwell
$9,900
$146,500
$283,100
Average Rotterdam Junction Assessed Value
$192,800
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 Rotterdam Junction, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12150 | $144,600 | $168,700 | $192,800 | $236,250 | $302,800 |
Source: Ownwell
Property Tax Bills Across Rotterdam Junction, New York
In Rotterdam Junction, property tax bills are calculated based on the assessed value of the property, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property location, size, and improvements can influence the assessed value. The median home price in Rotterdam Junction is $192,800, and the property tax rate in Schenectady County significantly impacts homeowners. Homeowners in Rotterdam Junction can expect their tax bills to vary widely. For example, tax bills at the 25th percentile are around $5,461, while those at the 75th percentile reach approximately $8,190. At the 90th percentile, tax bills can soar to $10,433. These figures highlight the variability in property tax burdens, which can affect homeowners' financial planning and housing affordability. Compared to the national median property tax rate of 0.99%, residents in Rotterdam Junction face substantially higher property tax rates, underscoring the importance of understanding local tax calculations.
Average Rotterdam Junction Tax Bill
$6,628
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 Rotterdam Junction, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12150 | $2,444 | $5,461 | $6,628 | $8,190 | $10,433 |
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 |