Bedford Hills, New York Property Taxes
The median property tax rate in Bedford Hills, NY is 2.21%, considerably higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Bedford Hills, the typical annual property tax bill reaches $10,718, exceeding the national median of $2,690. Property taxes in Bedford Hills are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bedford Hills's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Bedford Hills or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bedford Hills, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.21%
Estimate Property Tax Bill
$11,569
$11,438
$1,148
Average Bedford Hills, New York Tax Savings
Ownwell’s Bedford Hills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bedford Hills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bedford Hills to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Bedford Hills. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Bedford Hills, New York
Property taxes in Bedford Hills, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bedford Hills is 2.21%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Bedford Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bedford Hills estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Bedford Hills' effective property tax rate to other counties in New York and the national median. For comparison, the 10507 zip code has the highest median property tax rate of 2.21%, while the same zip code also has the lowest median tax rate of 2.21%. Understanding how these cities compare with Bedford Hills provides valuable insights into the varying tax landscape across Westchester County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bedford Hills Tax Rate
2.21%
Average Westchester County Tax Rate
2.29%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bedford Hills, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10507 | 1.56% | 1.99% | 2.21% | 2.27% | 2.27% |
Source: Ownwell
$1,148
Average Bedford Hills Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Bedford Hills, New York
In Bedford Hills, New York, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Westchester County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Bedford Hills, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Bedford Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Bedford Hills is $523,469, with the highest and lowest median tax bills both being $10,718 in zip code 10507.
Property Tax Assessment Values Across Bedford Hills, New York
Source: Ownwell
$143,650
$2,206,877
$4,270,103
Average Bedford Hills Assessed Value
$523,469
Average Westchester County Assessed Value
$589,473
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bedford Hills, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10507 | $175,511 | $285,714 | $523,469 | $751,880 | $1,981,246 |
Source: Ownwell
$1,148
Average Bedford Hills Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Bedford Hills, New York
Property tax bills in Bedford Hills, Westchester County, NY, are calculated based on the assessed value of the property and the local tax rate. The assessed value is a percentage of the market value, determined by the local assessor. Factors such as property type, location, and improvements can influence this value. The median home price in Bedford Hills is $523,469, which significantly impacts the tax bill. Homeowners in Bedford Hills face substantial property tax bills, with the 25th percentile at $5,198 and the 75th percentile at $15,946. The highest median tax bill recorded is $10,718. These figures are considerably higher than the national median property tax rate of 0.99%, reflecting the premium property values in the area. Ownwell assists homeowners by providing property tax appeal and exemption services. By thoroughly analyzing property assessments and market conditions, Ownwell can identify discrepancies and potential savings. Their expertise helps homeowners reduce their property tax bills, ensuring they only pay their fair share.
Average Bedford Hills Tax Bill
$10,718
Average Westchester County Tax Bill
$12,812
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Bedford Hills, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10507 | $2,951 | $5,198 | $10,718 | $15,946 | $41,733 |
Source: Ownwell
$1,148
Average Bedford Hills Tax Savings
Save on your property taxes & more with Ownwell.
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Dates |
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Links | |
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| Westchester Assessment Review Commission | |
| Website | giswww.westchestergov.com |
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