Town of Colonie Taxes
The Town of Colonie real property tax rate for this location is $35.11 per $1,000 of assessed value. The town’s assessment value is 62% of the value of the property. The tax on a $450,000 purchase would be approximately $9,700.
The Town of Colonie tax rate continues to be lower than that of a number of surrounding towns. For more information you may contact the Town of Colonie Assessors office at (518) 783-2701 or E-Mail – email@example.com
There are three main reasons why the Town of Colonie property taxes are less than other communities. First, 40% of the Town’s taxable value is paid by commercial property owners. Second, the Town receives more sales tax revenue from commercial retail businesses than other communities. Thirdly, the Town’s leadership has made consistent strides to keep costs down and be fiscally responsible.
A very strong residential market played a major role in increasing the total assessed value of property in the Town of Colonie in 2011 and 2012. More than 100 newly completed homes came into Colonie’s Tax rolls in 2012 and the Town projects similar increases in the future. This strong presence in the residential real estate market compounded with the ever-increasing commercial development in the Town, makes Colonie a great place to live and do business.