12143 Property Tax Rate

Property owners in ZIP code 12143 (Ravena, New York) pay a median of $4,122/year in property taxes on homes valued at $222,400. This translates to an effective tax rate of 1.85%, which is near the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 12143 is approximately $344, which factors into escrow payments on mortgages. This ZIP code is located within Albany County. This is $1,130 less than the New York average of $5,252/year.

Compared to similar ZIP codes in New York, 12143 has higher property taxes. ZIP codes with similar effective rates include 13406 (1.85%) and 11786 (1.85%).

In Ravena, property taxes represent approximately 4.6% of the median household income of $89,450, 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.