Troy, Albany County, New York Property Taxes

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Property Taxes in Troy, New York

Median Troy, New York effective property tax rate: 2.73%, significantly higher than the national median of 1.02%, and higher than the New York state median of 1.90%.
Median Troy, New York home value: $155,493
Median annual Troy, New York tax bill: $4,247, higher than the national median property tax bill of $2,400.

How are property taxes in Albany calculated?

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

Last Updated April 13, 2026

Troy, Albany County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.73%

Estimate Property Tax Bill

$4,245

$3,939

How Does the Troy Property Tax Calculator Work?

Use this Troy property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Troy's median effective tax rate of 2.73% — based on actual property records in Albany County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Troy'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 Troy: rates are the same across the city, with $4,247 in both 12183 and 12183, primarily due to local assessment differences.

For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Troy.

About Troy Property Taxes

About Property Taxes in Troy, Albany, New York

Troy’s median effective property tax rate of 2.73% 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 Troy. Homeowners in the 12183 ZIP code carry a median effective rate of 2.73%, while those in the lowest ZIP also pay 2.73%. This spread shows how school district boundaries and local assessment districts are drawn across Albany County. Understanding which part of Troy you live in can make a meaningful difference to your annual tax bill.

Troy 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 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 Troy, 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 Troy's effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S.

Property Tax Rates Across Troy, Albany County, New York

Source: Ownwell

1.58%

2.16%

2.73%

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 Troy Tax Rate

2.73%

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 Troy, Albany County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
12183	2.69%	2.73%	2.73%	2.73%	2.73%
12180	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Troy, Albany County, New York

When examining property taxes in Troy, 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 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.

Assessment notices:

In Albany County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.

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 Troy.

For example, the median home price in Troy is $155,493, with tax bills ranging significantly across the county. 12183 has the highest median home price at $155,493.

Property Tax Assessment Values Across Troy, Albany County, New York

Source: Ownwell

$130,000

$293,873

$457,746

Median Troy Market Value

$155,493

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 Troy, Albany County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
12183	$121,690	$140,845	$155,493	$174,014	$232,535
12180	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Troy, Albany County, New York

Property tax bills in Troy are based on the assessed value of a home and the local tax rate set by taxing authorities. When a property is valued, that assessed amount is multiplied by the applicable rate to determine the annual bill, so changes in market value can affect what homeowners owe.

For Troy homeowners, the median home price is $155,493, and the median property tax bill is $4,247. That is well above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Bills can vary widely within the city, with the 25th percentile at $3,825 and the 75th percentile at $4,728. At the high end, the 90th percentile reaches $6,349.

These differences show how property taxes can significantly affect household budgets, especially for owners whose assessed values rise faster than expected.

Property Tax Bills Across Troy, Albany County, New York

Source: Ownwell

$3,152

$6,264

$9,375

Median Troy Tax Bill

$4,247

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 Troy, Albany County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
12183	$3,289	$3,828	$4,247	$4,728	$6,352
12180	N/A	N/A	N/A	N/A	N/A

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

Frequently Asked Property Tax Questions in Troy, New York

How are property taxes calculated in Troy, New York?

Property taxes in Troy, New York are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in Troy, New York?

To appeal your property taxes in Troy, New York, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in Troy, New York?

Common property tax exemptions in Troy, New York include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in Troy, New York?

Property tax deadlines in Troy, New York vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in Troy, New York?

Ownwell provides professional property tax appeal services in Troy, New York. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.