Crompond, New York Property Taxes
The median property tax rate in Crompond, NY is 2.54%, 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 Crompond at $474,814, the typical annual property tax bill reaches $12,187, far exceeding the national median of $2,690. Property taxes in Crompond 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 Crompond'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 Crompond 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
Crompond, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.54%
Estimate Property Tax Bill
$12,060
$11,924
$1,148
Average Crompond, New York Tax Savings
Ownwell’s Crompond Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crompond with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crompond 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 Crompond. 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 Crompond, New York
Property taxes in Crompond, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crompond is 2.54%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Crompond set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crompond 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 Crompond's effective property tax rate to other areas in New York and the national median. For comparison, the zip code 10517 has both the highest and lowest median property tax rate of 2.54%. Understanding how these areas compare with Crompond 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 Crompond Tax Rate
2.54%
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 Crompond, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10517 | 1.96% | 2.36% | 2.54% | 2.83% | 2.83% |
Source: Ownwell
$1,148
Average Crompond Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Crompond, New York
In Crompond, 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. Assessment notices in Crompond 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. Crompond's median home price is $474,814, with tax bills ranging from $8,958 at the 25th percentile to $17,058 at the 90th percentile. The highest and lowest median tax bills, both $12,187, are found in the 10517 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Crompond Assessed Value
$474,814
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 Crompond, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10517 | $318,470 | $388,060 | $474,814 | $558,769 | $640,746 |
Source: Ownwell
$1,148
Average Crompond Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Crompond, New York
In Crompond, located in Westchester County, NY, property tax bills are determined based on the assessed value of a home and the local tax rate. With a median home price of $474,814, homeowners face substantial tax bills. The tax bill for the 25th percentile is $8,958, while it rises to $14,750 for the 75th percentile and reaches up to $17,058 for the 90th percentile. These figures are significantly higher than the national median property tax rate of 0.99%, reflecting the heavy tax burden in this area. Several factors influence the tax bill, including property size, location, and market conditions. High property taxes can strain homeowners' finances, making it essential to explore ways to reduce these costs. Ownwell specializes in property tax appeals and exemptions, helping homeowners navigate the complex tax system. By leveraging expert knowledge and local insights, Ownwell can identify potential savings and ensure homeowners pay only their fair share, providing much-needed financial relief.
Average Crompond Tax Bill
$12,187
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 Crompond, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10517 | $6,343 | $8,958 | $12,187 | $14,750 | $17,058 |
Source: Ownwell
$1,148
Average Crompond Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to file a grievance!
Dates |
|---|
Links | |
|---|---|
| Westchester Assessment Review Commission | |
| Website | giswww.westchestergov.com |
Save money on your property taxes with Ownwell.
Enter your address.
With just your address Ownwell will analyze your property expenses to find you savings using real time market data, local expertise and AI.
Answer some questions.
The more we know about your property, the more we can save you. There's no up-front costs, it's risk-free to sign up. Only pay if you save!
Unlock your savings.
We gather evidence, file all documentation, and attend hearings on your behalf year after year, so you never overpay again.