Irvington, New York Property Taxes
The median property tax rate in Irvington, NY is 2.95%, 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 Irvington at $905,800, the typical annual property tax bill reaches $26,525, far exceeding the national median of $2,690. Property taxes in Irvington 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 Irvington'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 Irvington 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
Irvington, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.95%
Estimate Property Tax Bill
$26,721
$26,420
$1,148
Average Irvington, New York Tax Savings
Ownwell’s Irvington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Irvington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Irvington 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 Irvington. 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 Irvington, New York
Property taxes in Irvington, New York, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Irvington is 2.95%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Irvington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Irvington 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 Irvington's effective property tax rate to other areas in New York and the national median. For comparison, the 10533 zip code has the highest median property tax rate of 2.95%, while the same zip code also has the lowest median tax rate of 2.95%. Understanding how these areas compare with Irvington 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 Irvington Tax Rate
2.95%
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 Irvington, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10533 | 2.26% | 2.82% | 2.95% | 3.09% | 3.16% |
Source: Ownwell
$1,148
Average Irvington Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Irvington, New York
In Irvington, New York, understanding the difference between "market value" and "assessed value" is essential 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 Irvington, 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 Irvington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Irvington is $26,525 in zip code 10533, while the lowest median tax bill is also $26,525 in the same zip code.
Property Tax Assessment Values Across Irvington, New York
Source: Ownwell
$143,650
$2,206,877
$4,270,103
Average Irvington Assessed Value
$905,800
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 Irvington, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10533 | $366,800 | $690,000 | $905,800 | $1,271,525 | $1,836,480 |
Source: Ownwell
$1,148
Average Irvington Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Irvington, New York
In Irvington, located in Westchester County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price in Irvington stands at $905,800, significantly impacting the property tax bills. Homeowners in this area face substantial tax bills, with the 25th percentile at $17,733 and the 75th percentile reaching $37,464. The highest median tax bill in the region is a staggering $26,525, which is also the lowest median tax bill, highlighting the uniformity in high property taxes within the 10533 zip code. Several factors contribute to the property tax bill, including property size, location, and improvements. High property taxes can place a significant financial burden on homeowners. This is where Ownwell steps in to assist. By leveraging their expertise in property tax appeals and exemptions, Ownwell can help homeowners potentially reduce their tax bills, ensuring they are not overpaying. This service can translate to substantial savings, alleviating some of the financial pressures associated with high property taxes in Irvington.
Average Irvington Tax Bill
$26,525
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 Irvington, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10533 | $9,855 | $17,733 | $26,525 | $37,464 | $54,548 |
Source: Ownwell
$1,148
Average Irvington 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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