Jefferson Valley, New York Property Taxes
The median property tax rate in Jefferson Valley, NY is 2.92%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With a median home value of $374,352 in Jefferson Valley, the typical annual property tax bill reaches $9,907, far exceeding the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Jefferson Valley'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 Jefferson Valley or another part of Westchester County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jefferson Valley, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.92%
Estimate Property Tax Bill
$10,931
$10,808
$1,148
Average Jefferson Valley, New York Tax Savings
Ownwell’s Jefferson Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jefferson Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jefferson Valley 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 Jefferson Valley. 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 Jefferson Valley, New York
Property taxes in Jefferson Valley, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jefferson Valley is 2.92%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Jefferson Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jefferson Valley 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 Jefferson Valley's effective property tax rate to other areas in New York and the national median. For comparison, the 10535 zip code has the highest median property tax rate of 2.92%, while the same zip code also has the lowest median tax rate of 2.92%. Understanding how these areas compare with Jefferson Valley 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 Jefferson Valley Tax Rate
2.92%
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 Jefferson Valley, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10535 | 2.10% | 2.55% | 2.92% | 3.01% | 3.12% |
Source: Ownwell
$1,148
Average Jefferson Valley Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Jefferson Valley, New York
In Jefferson Valley, 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 local 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 Jefferson Valley, 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 Jefferson Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $9,907, found in zip code 10535.
Property Tax Assessment Values Across Jefferson Valley, New York
Source: Ownwell
$143,650
$2,206,877
$4,270,103
Average Jefferson Valley Assessed Value
$374,352
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 Jefferson Valley, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10535 | $205,959 | $277,202 | $374,352 | $460,492 | $519,430 |
Source: Ownwell
$1,148
Average Jefferson Valley Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Jefferson Valley, New York
In Jefferson Valley, located in Westchester County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in this area is $374,352. Homeowners in Jefferson Valley experience property tax bills that vary significantly, with the 25th percentile at $7,618 and the 75th percentile reaching $12,859. For those in the 90th percentile, tax bills can soar to $14,927. The highest median tax bill in the area is $9,907 in the 10535 zip code, which is notably higher than the national median property tax rate of 0.99%. Several factors influence these tax bills, including property size, location, and any improvements made to the property. High property taxes can place a significant financial burden on homeowners. Ownwell offers a solution by providing expert property tax appeal and exemption services. By leveraging their expertise, homeowners can potentially lower their tax bills, ensuring they pay only their fair share and easing the financial strain.
Average Jefferson Valley Tax Bill
$9,907
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 Jefferson Valley, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10535 | $5,374 | $7,618 | $9,907 | $12,859 | $14,927 |
Source: Ownwell
$1,148
Average Jefferson Valley 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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