Schenectady, Albany County, New York Property Taxes
Property Taxes in Schenectady, New York
Median Schenectady, New York effective property tax rate: 2.27%, significantly higher than the national median of 1.02%, and higher than the New York state median of 1.90%.
Median Schenectady, New York home value: $293,902
Median annual Schenectady, New York tax bill: $6,623, $4,223 higher than the national median property tax bill of $2,400.
How are property taxes in Albany calculated?
Property taxes in Schenectady, 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 Schenectady's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Schenectady, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Schenectady, Albany County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.27%
Estimate Property Tax Bill
$6,672
$6,191
How Does the Schenectady Property Tax Calculator Work?
Use this Schenectady property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Schenectady's median effective tax rate of 2.27% — 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 Schenectady'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 Schenectady: rates range from $4,849 in 12304 to $7,945 in 12306, 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 Schenectady.
About Schenectady Property Taxes
About Property Taxes in Schenectady, Albany, New York
Schenectady’s median effective property tax rate of 2.27% 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 Schenectady. Homeowners in the 12303 ZIP code carry a median effective rate of 2.29%, while those in 12309 pay 2.18%. This spread — 0.11 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Albany County. Understanding which part of Schenectady you live in can make a meaningful difference to your annual tax bill.
Schenectady homeowners who believe their assessed value is too high can file a formal appeal with the 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 Schenectady, 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 Schenectady'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 Schenectady Tax Rate
2.27%
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 Schenectady, Albany County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12303 | 2.11% | 2.26% | 2.29% | 2.33% | 2.36% |
| 12304 | 2.09% | 2.17% | 2.22% | 2.27% | 2.32% |
| 12306 | 2.14% | 2.20% | 2.27% | 2.30% | 2.34% |
| 12309 | 2.08% | 2.14% | 2.18% | 2.28% | 2.77% |
Source: Ownwell
Property Tax Assessment Values Across Schenectady, Albany County, New York
When examining property taxes in Schenectady, 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. Albany County 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 the season. 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.
The median home price in Schenectady is $293,902, while the median tax bill is $6,623, compared with the national median property tax bill of $2,400. Tax bills vary across the county, with the highest median home price in 12306 at $363,232 and the highest median tax bill in 12306 at $7,945.
Property Tax Assessment Values Across Schenectady, Albany County, New York
Source: Ownwell
$130,000
$293,873
$457,746
Median Schenectady Market Value
$293,902
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 Schenectady, Albany County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12303 | $209,375 | $250,000 | $320,732 | $439,024 | $537,805 |
| 12304 | $90,105 | $170,833 | $219,583 | $300,000 | $385,417 |
| 12306 | $203,537 | $243,323 | $363,232 | $442,683 | $539,292 |
| 12309 | $164,312 | $218,385 | $281,250 | $347,708 | $517,250 |
Source: Ownwell
Property Tax Bills Across Schenectady, Albany County, New York
How are property tax bills calculated in Schenectady?
Property tax bills in Schenectady are based on the assessed value of a home, which is then multiplied by the local tax rate. That assessed value is intended to reflect the market value of the property, so changes in the housing market can affect what homeowners owe. Local taxing authorities use this value to determine the final bill, and differences in neighborhood values can lead to different tax amounts even within the same city.
What factors affect the bill?
For a home with a median home price of $293,902, property taxes can be substantial. The 25th percentile tax bill is $5,088, while the 75th percentile is $9,123 and the 90th percentile reaches $11,604. Bills also vary by ZIP code, with the highest median tax bill at $7,945 in 12306 and the lowest median tax bill at $4,849 in 12304.
How does this compare to the national median?
Schenectady homeowners often pay more than the national median property tax bill of $2,400, which can make property taxes a major part of housing costs.
Median Schenectady Tax Bill
$6,623
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 Schenectady, Albany County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12303 | $4,638 | $5,683 | $7,290 | $9,868 | $12,087 |
| 12304 | $1,825 | $3,874 | $4,849 | $6,613 | $8,395 |
| 12306 | $4,555 | $5,636 | $7,945 | $10,055 | $11,658 |
| 12309 | $3,764 | $4,813 | $6,296 | $8,385 | $11,534 |
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 |