North Salem, New York Property Taxes
The median property tax rate in North Salem, NY is 2.59%, 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 North Salem at $521,600, the typical annual property tax bill reaches $12,970, far exceeding the national median of $2,690. Property taxes in North Salem 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 North Salem'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 North Salem 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
North Salem, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.59%
Estimate Property Tax Bill
$13,509
$13,357
$1,148
Average North Salem, New York Tax Savings
Ownwell’s North Salem Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in North Salem with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in North Salem to provide an accurate estimate of your property tax bill. This valuable tool not only clarifies potential tax obligations but also demonstrates how Ownwell can help in lowering property taxes in North Salem. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by the county for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across North Salem, New York
Property taxes in North Salem, New York, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Salem is 2.59%, significantly higher than the U.S. national median of 0.99%. Local government entities within North Salem set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Salem 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 North Salem's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 10560 in North Salem has the highest median property tax rate of 2.59%, while the same zip code also has the lowest median tax rate of 2.59%. Understanding how these cities compare with North Salem 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 North Salem Tax Rate
2.59%
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 North Salem, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10560 | 2.03% | 2.35% | 2.59% | 2.67% | 2.88% |
Source: Ownwell
$1,148
Average North Salem Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across North Salem, New York
In North Salem, 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 Assessment Office 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 North Salem, 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 North Salem helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 10560 has the highest and lowest median tax bill at $12,970.
Property Tax Assessment Values Across North Salem, New York
Source: Ownwell
$143,650
$2,206,877
$4,270,103
Average North Salem Assessed Value
$521,600
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 North Salem, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10560 | $164,540 | $390,950 | $521,600 | $744,550 | $1,229,060 |
Source: Ownwell
$1,148
Average North Salem Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across North Salem, New York
Property tax bills in North Salem, located in Westchester County, NY, are determined by multiplying the assessed value of a property by the local tax rate. Westchester County has one of the highest property tax rates in the country, significantly impacting homeowners. For instance, the median home price in North Salem is $521,600, and property tax bills can range from $9,137 at the 25th percentile to a staggering $30,248 at the 90th percentile. The local tax rate is notably higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's assessed value, local government budgets, and specific tax rates set by various taxing authorities. These high taxes can be a burden for homeowners, making it crucial to ensure their property is not over-assessed. Ownwell helps homeowners in North Salem by providing expert property tax appeal and exemption services. By analyzing property assessments and market conditions, Ownwell can identify discrepancies and file appeals, potentially saving homeowners thousands of dollars on their property tax bills.
Average North Salem Tax Bill
$12,970
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 North Salem, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10560 | $3,971 | $9,137 | $12,970 | $18,616 | $30,248 |
Source: Ownwell
$1,148
Average North Salem 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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