Taxes in Troy
Troy's real tax exposure runs through New York's own genuinely graduated state income tax, with NO separate local income tax, plus a genuinely middle property tax position.
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Learn moreNew York's real, graduated state income tax
New York's real, current 2026 state income tax runs 3.9% (lowest bracket) to 10.9% (top bracket) across 9 brackets, applying fully to Troy residents.
NO separate Troy local income tax
Verified directly: only New York City and Yonkers levy a separate local income tax among NY municipalities. Troy, being neither, imposes none.
A genuinely middle property tax position
Troy's median effective property tax rate (1.39%) runs above the national median (1.02%) but below New York's own statewide median (1.90%); median annual bill ran approximately $2,781.
Key takeaways
- New York's graduated state income tax (3.9%-10.9% for 2026) applies fully to Troy residents.
- Troy levies NO separate local income tax, unlike New York City and Yonkers.
- Troy's property tax rate (1.39%) runs above the national median but below New York's statewide median.
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