Albany, NY — income, home value, property tax, and sales tax.
In ZIP code 12161, near Albany, households earn a median of $123,750, with per-capita income at $55,079. The county-level effective property tax rate of 1.76% means a home's assessed value drives the annual bill directly: a $300,000 house would owe roughly $5,280 yearly, while a $500,000 one approaches $8,800. Because earnings here run high, that levy consumes a smaller share of income than it would elsewhere, though buyers stretching for a pricier home still feel it. Sales tax adds 8.00% to purchases. Together, income strength and the 1.76% rate shape what local buyers can carry.