12306 Property Tax Rate

Property owners in ZIP code 12306 (Schenectady, New York) pay a median of $5,200/year in property taxes on homes valued at $212,700. This translates to an effective tax rate of 2.44%, which is 33% above the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 12306 is approximately $433, which factors into escrow payments on mortgages. This ZIP code is located within Schenectady County.

Compared to similar ZIP codes in New York, 12306 has lower property taxes. ZIP codes with similar effective rates include 12986 (2.44%) and 14130 (2.45%).

In Schenectady, property taxes represent approximately 6.5% of the median household income of $80,583, 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.