Ossining, New York Property Taxes
The median property tax rate in Ossining, NY is 3.17%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Ossining at $424,300, the typical annual property tax bill reaches $13,411, far exceeding the national median of $2,690. Property taxes in Ossining are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ossining'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 Ossining 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
Ossining, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.17%
Estimate Property Tax Bill
$13,450
$13,299
$1,148
Average Ossining, New York Tax Savings
Ownwell’s Ossining Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ossining with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ossining 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 Ossining. 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 Westchester County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Ossining, New York
Property taxes in Ossining, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ossining is 3.17%, significantly higher than the U.S. national median of 0.99%. Local government entities within Ossining set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ossining 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 Ossining's effective property tax rate to other areas in Westchester County and the national median. For comparison, the 10562 zip code has the highest median property tax rate of 3.17%, while the same zip code also has the lowest median tax rate of 3.17%. Understanding how these cities compare with Ossining 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 Ossining Tax Rate
3.17%
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 Ossining, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10562 | 2.42% | 2.87% | 3.17% | 3.55% | 3.65% |
Source: Ownwell
$1,148
Average Ossining Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Ossining, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ossining, NY. 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 Ossining, 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. The median home price in Ossining is $424,300, with tax bills ranging from $8,938 at the 25th percentile to $20,690 at the 90th percentile. Being aware of these valuation processes in Ossining helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ossining Assessed Value
$424,300
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 Ossining, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10562 | $198,300 | $324,450 | $424,300 | $520,100 | $650,450 |
Source: Ownwell
$1,148
Average Ossining Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Ossining, New York
In Ossining, 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 example, with a median home price of $424,300, homeowners can expect to pay a significant amount in property taxes. The tax bills in Ossining range from $8,938 at the 25th percentile to $20,690 at the 90th percentile, with the highest median tax bill recorded at $13,411 in the 10562 zip code. Factors such as property size, location, and market conditions influence the assessed value, impacting the overall tax bill. High property taxes can place a financial strain on homeowners, making it crucial to ensure assessments are accurate. Ownwell helps homeowners save on their property tax bills by providing expert property tax appeal and exemption services. By identifying discrepancies and advocating for fair assessments, Ownwell can potentially reduce your tax burden, ensuring you don't overpay on your property taxes.
Average Ossining Tax Bill
$13,411
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 Ossining, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10562 | $5,629 | $8,938 | $13,411 | $16,733 | $20,690 |
Source: Ownwell
$1,148
Average Ossining 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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