12305 Property Tax Rate

Property owners in ZIP code 12305 (Schenectady, New York) pay a median of $5,010/year in property taxes on homes valued at $162,500. This translates to an effective tax rate of 3.08%, which is 67% above the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 12305 is approximately $418, which factors into escrow payments on mortgages. This ZIP code is located within Schenectady County. This is $242 less than the New York average of $5,252/year.

Compared to similar ZIP codes in New York, 12305 has lower property taxes. ZIP codes with similar effective rates include 14103 (3.08%) and 10993 (3.09%).

In Schenectady, property taxes represent approximately 10.0% of the median household income of $50,308, providing context for the relative tax burden on homeowners in this area.

New York has no statewide property tax cap; Schenectady County assessments adjust based on local valuation practices and market conditions. Schenectady County primary residence owners earning ≤$500,000 qualify for the STAR program, which exempts a portion of assessed value from school taxes — apply through Schenectady County schools or the Schenectady County Assessor's office by March 15 annually. Contact the Schenectady County Assessor (518-386-2100) within 30 days of purchase to register your property and file STAR to ensure the exemption reduces your school tax obligation.