Albany, Albany County, New York Property Taxes
Property Taxes in Albany, New York
Median Albany, New York effective property tax rate: 2.26%, significantly higher than the national median of 1.02%, and higher than the New York state median of 1.90%.
Median Albany, New York home value: $238,542
Median annual Albany, New York tax bill: $5,353, higher than the national median property tax bill of $2,400.
How are property taxes in Albany County calculated?
Property taxes in Albany, New York 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 Albany's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Albany, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Albany, Albany County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.26%
Estimate Property Tax Bill
$5,391
$5,003
How Does the Albany Property Tax Calculator Work?
Use this Albany property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Albany's median effective tax rate of 2.26% — based on actual property records in Albany County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Albany's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Albany: rates range from $3,152.00 in 12202 to $6,897.00 in 12211, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Albany.
About Albany Property Taxes
About Property Taxes in Albany, Albany, New York
Albany’s median effective property tax rate of 2.26% is higher than the New York state median of 1.90% and higher than the national median of 1.02%. This rate reflects the Albany County base levy combined with local school district levies and special district levies that vary by subdivision throughout the city.
Property tax rates are not uniform across Albany. Homeowners in the 12207 ZIP code carry a median effective rate of 2.51%, while those in 12204 pay 2.00%. This spread — 0.51 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Albany County. Understanding which part of Albany you live in can make a meaningful difference to your annual tax bill.
Albany homeowners who believe their assessed value is too high can file a formal appeal with the local Assessment Review Commission before the May 26, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Albany, Albany County, New York
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, 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.
Below, you can compare Albany's effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S.
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 Albany Tax Rate
2.26%
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 Albany County Tax Rate
2.16%
Median Effective New York Tax Rate
1.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Albany, Albany County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12202 | 0.69% | 1.95% | 2.32% | 2.58% | 2.91% |
| 12203 | 1.87% | 2.29% | 2.38% | 2.53% | 2.71% |
| 12204 | 1.81% | 1.91% | 2.00% | 2.10% | 2.56% |
| 12205 | 1.92% | 1.92% | 2.16% | 2.22% | 2.27% |
| 12206 | 1.80% | 2.19% | 2.48% | 2.72% | 3.02% |
| 12207 | 0.95% | 2.15% | 2.51% | 2.76% | 3.08% |
| 12208 | 1.99% | 2.32% | 2.49% | 2.65% | 2.78% |
| 12209 | 1.79% | 2.22% | 2.45% | 2.63% | 2.79% |
| 12210 | 1.04% | 2.11% | 2.45% | 2.69% | 2.96% |
| 12211 | 1.92% | 1.98% | 2.03% | 2.11% | 2.17% |
Source: Ownwell
Property Tax Assessment Values Across Albany, Albany County, New York
When examining property taxes in Albany, New York, 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 Albany County assessment office 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.
Assessment notices are sent in the spring each year and typically reach your mailbox by the middle of May. 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.
For example, the median home price in Albany is $238,542, with tax bills ranging significantly across the county. ZIP code 12211 has the highest median home price at $335,417, while ZIP code 12202 has the lowest median tax bill at $3,152. Albany’s median property tax bill is $5,353, well above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.
Property Tax Assessment Values Across Albany, Albany County, New York
Source: Ownwell
$130,000
$293,873
$457,746
Median Albany Market Value
$238,542
Median Albany County Market Value
$253,659
Median New York Market Value
$312,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Albany, Albany County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12202 | $72,000 | $111,750 | $146,500 | $196,250 | $257,000 |
| 12203 | $181,707 | $224,390 | $265,854 | $321,951 | $398,987 |
| 12204 | $143,750 | $168,750 | $214,000 | $406,250 | $593,750 |
| 12205 | $160,000 | $183,333 | $216,667 | $254,167 | $314,646 |
| 12206 | $73,400 | $101,000 | $130,000 | $216,000 | $265,000 |
| 12207 | $115,600 | $160,500 | $193,000 | $253,000 | $327,000 |
| 12208 | $202,000 | $237,000 | $276,000 | $322,000 | $381,000 |
| 12209 | $150,000 | $182,000 | $219,000 | $258,000 | $301,000 |
| 12210 | $87,000 | $115,000 | $159,000 | $296,500 | $400,100 |
| 12211 | $214,708 | $250,000 | $335,417 | $468,750 | $740,792 |
Source: Ownwell
Property Tax Bills Across Albany, Albany County, New York
Albany property tax bills are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. Local taxing authorities use that assessed value to determine how much each homeowner owes, and the final bill can vary depending on the specific tax district and any applicable exemptions.
For a home with a median market value of $238,542, the property tax bill can differ widely across the city. The 25th percentile tax bill is $3,912, while the 75th percentile is $7,016 and the 90th percentile reaches $9,003. That range shows how location, assessment, and local levies can significantly affect what homeowners pay.
Homeowners in Albany may see different bills even on similarly valued homes because tax obligations depend on how the property is assessed and which local services are funded through property taxes. The lowest median tax bill is $3,152 in ZIP code 12202, while the highest median tax bill is $6,897 in ZIP code 12211.
Median Albany Tax Bill
$5,353
Median Albany County Tax Bill
$5,454
Median New York Tax Bill
$5,420
Median United States Tax Bill
$2,400
Property Tax Bills Across Albany, Albany County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12202 | $557 | $1,992 | $3,152 | $4,437 | $5,995 |
| 12203 | $3,540 | $5,059 | $6,236 | $7,600 | $9,444 |
| 12204 | $2,797 | $3,404 | $4,675 | $8,453 | $11,305 |
| 12205 | $3,379 | $3,809 | $4,478 | $5,395 | $6,602 |
| 12206 | $1,282 | $2,317 | $3,208 | $5,161 | $6,630 |
| 12207 | $874 | $2,849 | $4,542 | $6,012 | $7,404 |
| 12208 | $4,299 | $5,656 | $6,741 | $7,974 | $9,475 |
| 12209 | $2,876 | $4,137 | $5,247 | $6,355 | $7,349 |
| 12210 | $859 | $2,336 | $3,668 | $7,310 | $9,761 |
| 12211 | $4,441 | $5,167 | $6,897 | $9,575 | $14,585 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates | |
|---|---|
| Appeal Deadline | May 26 |
Links | |
|---|---|
| Albany Assessment Review Commission | |
| Website | albany.sdgnys.com |