12120 Property Tax Rate

Property owners in ZIP code 12120 (Medusa, New York) pay a median of $6,964/year in property taxes on homes valued at $269,200. This translates to an effective tax rate of 2.59%, which is 40% above the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 12120 is approximately $580, which factors into escrow payments on mortgages. This ZIP code is located within Albany County. This is $1,712 more than the New York average of $5,252/year.

Compared to similar ZIP codes in New York, 12120 has higher property taxes. ZIP codes with similar effective rates include 13350 (2.59%) and 14058 (2.59%).

In Medusa, property taxes represent approximately 9.1% of the median household income of $76,728, providing context for the relative tax burden on homeowners in this area.

New York has no statewide property tax cap; Albany County reassesses properties annually based on comparable sales and local budget cycles. Albany County primary residence owners with household income ≤$500,000 qualify for STAR, reducing school taxes by exempting thousands from your assessed value — apply through Albany County schools or the Albany County Assessor's office by the March 15 deadline. After closing, file your STAR application immediately with the Albany County Assessor (518-447-7520) to activate the exemption on your first tax bill and capture substantial school tax savings.