What is the property tax rate in Albany, NY?

Albany has an estimated effective property tax rate of 2.35%. On a median home valued at $223,000, homeowners pay approximately $5,235 per year in property taxes.

How does Albany compare to Albany County?

Albany's effective rate of 2.35% is 33% higher than the Albany County average of 1.77%. The county-wide median annual tax is $5,200, while Albany homeowners pay an estimated $5,235.

How much are property taxes in Albany on a $300,000 home?

Based on Albany's effective rate of 2.35%, property taxes on a $300,000 home would be approximately $7,050 per year, or about $588 per month.

Albany Property Tax Rate

Albany County, New York

2.35%effective rate

Albany is located in Albany County, New York. Homeowners in Albany pay a median of $5,235 per year in property taxes on a home valued at $223,000, resulting in an effective tax rate of 2.35%. This is 33% higher than the Albany County average of 1.77%.

Effective Tax Rate🏠

2.35%

vs 1.77% county avg

Est. Annual Tax💰

$5,235

Per year

Median Home Value📊

$223,000

2024 estimate

Population📍

100,081

Albany, NY

How Albany Compares

Albany

2.35%

Albany County Average

1.77%

New York Average

1.55%

National Average

0.92%

About Property Taxes in Albany

Property taxes in Albany are collected by Albany County. Tax exemptions available to Albany County residents — including homestead, senior, and disability exemptions — also apply to homeowners in Albany. For detailed information on available exemptions and the county tax collector, see the Albany County property tax page.

Property Tax Calculator

Estimate your annual property tax in Albany

Home Value

$50k$2M

Apply homestead exemption ($100,000 school tax reduction)

Estimated Annual Property Tax

$7,050

$588/month · Rate: 2.35%

Albany County Property Taxes

County-level data, exemptions, historical trends, and tax collector info.

View county details →

New York Property Taxes

Statewide rates, all 62 counties, and exemptions.

View state details →

Think your property tax is too high?

Homeowners save an average of $1,148/year by appealing their assessment.

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Frequently Asked Questions

Data Source: U.S. Census Bureau, 2024 American Community Survey 5-Year Estimates. City-level tax data is derived from Census place-level statistics. Effective tax rates are calculated by dividing median real estate taxes paid by median home value. Actual property tax rates may vary based on local taxing jurisdictions, exemptions, and assessment practices. This information is for general reference only and should not be used as a substitute for professional tax advice.