What is the property tax rate in Troy, NY?

Troy has an estimated effective property tax rate of 2.51%. On a median home valued at $192,500, homeowners pay approximately $4,840 per year in property taxes.

How does Troy compare to Rensselaer County?

Troy's effective rate of 2.51% is 22% higher than the Rensselaer County average of 2.05%. The county-wide median annual tax is $5,301, while Troy homeowners pay an estimated $4,840.

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

Based on Troy's effective rate of 2.51%, property taxes on a $300,000 home would be approximately $7,530 per year, or about $628 per month.

Troy Property Tax Rate

Rensselaer County, New York

2.51%effective rate

Troy is located in Rensselaer County, New York. Homeowners in Troy pay a median of $4,840 per year in property taxes on a home valued at $192,500, resulting in an effective tax rate of 2.51%. This is 22% higher than the Rensselaer County average of 2.05%.

Effective Tax Rate🏠

2.51%

vs 2.05% county avg

Est. Annual Tax💰

$4,840

Per year

Median Home Value📊

$192,500

2024 estimate

Population📍

51,054

Troy, NY

How Troy Compares

Troy

2.51%

Rensselaer County Average

2.05%

New York Average

1.55%

National Average

0.92%

About Property Taxes in Troy

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

Property Tax Calculator

Estimate your annual property tax in Troy

Home Value

$50k$2M

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

Estimated Annual Property Tax

$7,530

$627/month · Rate: 2.51%

Rensselaer County Property Taxes

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

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New York Property Taxes

Statewide rates, all 62 counties, and exemptions.

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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.