12303 Property Tax Rate
Schenectady, New York · Part of Albany County
Effective Tax Rate
2.13%
7.9% below state avgMedian Annual Tax
$4,836
$403/mo escrow
Estimate Your Tax
Annual Tax
$4,836
Monthly
$403
Eff. Rate
2.13%
Buyer decision brief
What ZIP 12303 means for your housing budget
Use this ZIP page to compare recurring tax burden before you compare listing prices. The numbers below are Census ZCTA estimates, so they are strongest for neighborhood comparison and weakest for parcel-specific tax planning.
Monthly escrow signal
$403/mo
Based on median annual tax paid
State context
0.28 percentage points above the New York average
New York average: 1.85%
Data confidence
High confidenceThe Census margin of error is $221, about 5% of the median tax estimate.
Verify before you offer
- Confirm parcel assessed value with Albany County assessor.
- Check homestead, senior, veteran, and disability exemptions.
- Ask whether purchase triggers reassessment or value-cap reset.
- Review school district and special assessment boundaries.
Lower-rate similar ZIPs
This is informational content, not tax, legal, or mortgage advice. Local assessor records remain the source of truth for a specific property.
Data confidence ledger
Can you trust ZIP 12303 for comparison?
ACS vintage
2019-2023 ACS 5-Year Estimates
Five-year Census ZCTA estimates.
ZCTA caveat
Census area, not parcel boundary
USPS ZIP routes and taxing districts can differ inside the same area.
Field completeness
3/3 required fields
Median tax, home value, and derived rate are present.
MOE status
Strong ACS confidence
$221 tax MOE, 5% of the median tax estimate.
Last site refresh
March 10, 2026
Dataset and page-quality audit run locally before publication.
County fallback
County advisory available
Albany County is used for assessor verification and broader context.
Tax bill anatomy
What can change your actual bill in ZIP 12303
Use the ZIP estimate to compare neighborhoods, then verify these parcel-level inputs before relying on a payment estimate.
Assessed value
The ZCTA median home value is $227,500, but your bill starts with the local assessed value for a specific parcel.
Effective rate
The displayed rate is 2.13%, derived from median tax paid divided by median home value.
Exemptions
Homestead, senior, veteran, disability, and local exemptions can reduce taxable value. Confirm eligibility before estimating escrow.
Reassessment
A purchase can change assessed value depending on New York and county rules. Ask how sale price affects the next assessment cycle.
Escrow impact
The median tax paid in this ZCTA equals about $403 per month before insurance, HOA dues, or special assessments.
Assessor verification
Albany County assessor or tax collector records are the source of truth for parcel taxes, appeal windows, and exemptions.
How ZIP 12303 Compares
Median Annual Property Tax
ZIP 12303
2.13%
Effective rate
New York Avg
1.85%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in New York
Higher than 64% of ZIP codes in New York(64th percentile, 1,598 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 12303
Property owners in ZIP code 12303 (Schenectady, New York) pay a median of $4,836/year in property taxes on homes valued at $227,500. This translates to an effective tax rate of 2.13%, which is 15% above the New York state average of 1.85%.
The monthly property tax burden for a median-valued home in 12303 is approximately $403, which factors into escrow payments on mortgages. This ZIP code is located within Albany County. This is $416 less than the New York average of $5,252/year.
Compared to similar ZIP codes in New York, 12303 has lower property taxes. ZIP codes with similar effective rates include 12550 (2.12%) and 13667 (2.13%).
In Schenectady, property taxes represent approximately 6.2% of the median household income of $77,615, 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.
Frequently Asked Questions
What is the property tax rate in ZIP code 12303?
How much are property taxes in Schenectady, NY (12303)?
How does ZIP 12303 compare to the New York average?
What is the median home value in ZIP 12303?
What county is ZIP code 12303 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$221. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 12303 is part of Albany County, New York. View the full county profile for broader context and more data.
View Albany County on TaxByCounty →Explore Schenectady, NY
View all 8 ZIP codes in Schenectady with property tax comparisons.
View Schenectady Property Tax Rates →Why compare these ZIPs?
Better comparison set for ZIP 12303
Each ZIP highlights a homebuyer tradeoff: lower rate, stronger value context, shared county rules, city boundary changes, or nearby missing data.
12302
Schenectady, NY
$13,200 higher median home value than ZIP 12303.
Rate
2.34%
Tax
$5,644
Quality
94
12304
Schenectady, NY
Same city name, different county context: Schenectady County.
Rate
2.62%
Tax
$4,497
Quality
94
12305
Schenectady, NY
Same city name, different county context: Schenectady County.
Rate
3.08%
Tax
$5,010
Quality
89
12306
Schenectady, NY
Same city name, different county context: Schenectady County.
Rate
2.44%
Tax
$5,200
Quality
94
12307
Schenectady, NY
Same city name, different county context: Schenectady County.
Rate
3.79%
Tax
$3,633
Quality
94
12308
Schenectady, NY
Same city name, different county context: Schenectady County.
Rate
3.12%
Tax
$5,618
Quality
94
12309
Schenectady, NY
$73,600 higher median home value than ZIP 12303.
Rate
2.49%
Tax
$7,509
Quality
94
12193
Westerlo, NY
1.04 percentage points lower than ZIP 12303.
Rate
1.08%
Tax
$2,877
Quality
86
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.