Croton Falls, New York Property Taxes
The median property tax rate in Croton Falls, NY is 2.55%, 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 Croton Falls at $423,250, the typical annual property tax bill reaches $10,478, significantly exceeding the national median of $2,690. Property taxes in Croton Falls 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 Croton Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Croton Falls 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
Croton Falls, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.55%
Estimate Property Tax Bill
$10,793
$10,671
$1,148
Average Croton Falls, New York Tax Savings
Ownwell’s Croton Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Croton Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Croton Falls 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 Croton Falls. 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 Croton Falls, New York
Property taxes in Croton Falls, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Croton Falls is 2.55%, significantly higher than the U.S. national median of 0.99%. Local government entities within Croton Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Croton Falls 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 Croton Falls' effective property tax rate to other counties in New York and the national median. For comparison, the 10519 zip code has the highest median property tax rate of 2.55%, while the same zip code also has the lowest median tax rate of 2.55%. Understanding how these cities compare with Croton Falls 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 Croton Falls Tax Rate
2.55%
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 Croton Falls, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10519 | 2.11% | 2.32% | 2.55% | 2.74% | 2.81% |
Source: Ownwell
$1,148
Average Croton Falls Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Croton Falls, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Croton Falls, 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 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 Croton Falls 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 Croton Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 10519 in Croton Falls has the highest median tax bill at $10,478, which underscores the importance of understanding these valuations to manage tax obligations effectively.
Property Tax Assessment Values Across Croton Falls, New York
Source: Ownwell
$143,650
$2,206,877
$4,270,103
Average Croton Falls Assessed Value
$423,250
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 Croton Falls, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10519 | $257,700 | $354,625 | $423,250 | $538,725 | $610,300 |
Source: Ownwell
$1,148
Average Croton Falls Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Croton Falls, New York
In Croton Falls, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and market conditions are considered in the assessment process. Homeowners in Croton Falls, located in Westchester County, face some of the highest property tax bills in the nation, with the median tax bill reaching $10,478, significantly higher than the national median property tax rate of 0.99%. High property taxes can place a significant financial burden on homeowners. This is where Ownwell can make a difference. By providing professional property tax appeal and exemption services, Ownwell helps homeowners ensure their property is fairly assessed, potentially lowering their tax bills. With expertise in navigating the complex property tax system, Ownwell can identify discrepancies in assessments and secure reductions, offering substantial savings and financial relief for homeowners in Croton Falls.
Average Croton Falls Tax Bill
$10,478
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 Croton Falls, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10519 | $6,637 | $8,824 | $10,478 | $12,899 | $15,018 |
Source: Ownwell
$1,148
Average Croton Falls 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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