Heathcote, New York Property Taxes
The median property tax rate in Heathcote, NY is 2.78%, 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 Heathcote, the typical annual property tax bill reaches $50,664, far exceeding the national median of $2,690. Property taxes in Heathcote 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 Heathcote'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 Heathcote 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
Heathcote, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.78%
Estimate Property Tax Bill
$50,754
$50,182
$1,148
Average Heathcote, New York Tax Savings
Ownwell’s Heathcote Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Heathcote with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Heathcote 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 Heathcote. 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 Heathcote, New York
Property taxes in Heathcote, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Heathcote is 2.78%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Heathcote set these rates annually, and they can vary significantly across different neighborhoods. Each year, Heathcote 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 Heathcote's effective property tax rate to other counties in New York and the national median. For comparison, the 10583 zip code has both the highest and lowest median property tax rate of 2.78%. Understanding how these cities compare with Heathcote provides valuable insights into the varying tax landscape across Westchester, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Heathcote Tax Rate
2.78%
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 Heathcote, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10583 | 2.78% | 2.78% | 2.78% | 2.78% | 2.78% |
Source: Ownwell
$1,148
Average Heathcote Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Heathcote, New York
In Heathcote, 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 Heathcote, 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 Heathcote helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Heathcote are both $50,664, found in the zip code 10583.
Property Tax Assessment Values Across Heathcote, New York
Source: Ownwell
$143,650
$2,206,877
$4,270,103
Average Heathcote Assessed Value
$1,825,689
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 Heathcote, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10583 | $1,825,689 | $1,825,689 | $1,825,689 | $1,825,689 | $1,825,689 |
Source: Ownwell
$1,148
Average Heathcote Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Heathcote, New York
In Heathcote, Westchester County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $1,825,689, the median tax bill is a substantial $50,664, significantly higher than the national median property tax rate of 0.99%. Factors such as property size, location, and market conditions play a crucial role in determining the assessed value, ultimately impacting the tax bill. Homeowners in Heathcote face some of the highest property tax bills in the nation. Ownwell can assist by providing expert property tax appeal and exemption services, potentially reducing these burdensome costs. Our team thoroughly reviews your property’s assessment and identifies any discrepancies or overvaluations. By leveraging our expertise, you can ensure your property is fairly assessed, leading to potential savings on your annual tax bill.
Average Heathcote Tax Bill
$50,664
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 Heathcote, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10583 | $50,664 | $50,664 | $50,664 | $50,664 | $50,664 |
Source: Ownwell
$1,148
Average Heathcote Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Westchester Assessment Review Commission | |
| Website | giswww.westchestergov.com |
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