Yorktown Heights, New York Property Taxes
The median property tax rate in Yorktown Heights, NY is 2.61%, 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 Yorktown Heights, the typical annual property tax bill reaches $12,209, exceeding the national median of $2,690. Property taxes in Yorktown Heights 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 Yorktown Heights' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Yorktown Heights 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
Yorktown Heights, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.61%
Estimate Property Tax Bill
$12,441
$12,301
$1,148
Average Yorktown Heights, New York Tax Savings
Ownwell’s Yorktown Heights Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Yorktown Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Yorktown Heights 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 Yorktown Heights. 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 Yorktown Heights, New York
Property taxes in Yorktown Heights, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Yorktown Heights is 2.61%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Yorktown Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, Yorktown Heights 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 Yorktown Heights' effective property tax rate to other counties in New York and the national median. For comparison, the zip code 10598 has the highest median property tax rate of 2.61%, while the same zip code also has the lowest median tax rate of 2.61%. Understanding how these cities compare with Yorktown Heights 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 Yorktown Heights Tax Rate
2.61%
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 Yorktown Heights, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10598 | 1.79% | 2.36% | 2.61% | 2.87% | 3.03% |
Source: Ownwell
$1,148
Average Yorktown Heights Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Yorktown Heights, New York
In Yorktown Heights, 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 Assessor 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 Yorktown Heights, 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 Yorktown Heights helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $12,209, found in the 10598 zip code.
Property Tax Assessment Values Across Yorktown Heights, New York
Source: Ownwell
$143,650
$2,206,877
$4,270,103
Average Yorktown Heights Assessed Value
$476,684
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 Yorktown Heights, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10598 | $170,985 | $373,959 | $476,684 | $575,129 | $709,845 |
Source: Ownwell
$1,148
Average Yorktown Heights Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Yorktown Heights, New York
In Yorktown Heights, property tax bills are calculated based on the assessed value of your home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine your tax bill. For homeowners in Westchester County, the median home price is $476,684, with property tax bills ranging from $8,136 at the 25th percentile to $19,224 at the 90th percentile. The median property tax bill is notably high, reflecting the region's higher-than-average rates compared to the national median of 0.99%. Factors that influence your tax bill include the market value of your property, local tax rates, and any applicable exemptions. High property taxes can significantly impact homeowners, making it essential to ensure your assessed value is accurate. Ownwell can help homeowners in Yorktown Heights save on their property tax bills by providing expert property tax appeal and exemption services. By ensuring your property is fairly assessed, Ownwell can potentially lower your tax bill, providing substantial savings.
Average Yorktown Heights Tax Bill
$12,209
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 Yorktown Heights, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10598 | $3,938 | $8,136 | $12,209 | $15,481 | $19,224 |
Source: Ownwell
$1,148
Average Yorktown Heights 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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