New Rochelle, New York Property Taxes
The median property tax rate in New Rochelle, NY is 2.81%, 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 New Rochelle at $614,679, the typical annual property tax bill reaches $16,402, far exceeding the national median of $2,690. Property taxes in New Rochelle 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 New Rochelle'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 New Rochelle 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
New Rochelle, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.81%
Estimate Property Tax Bill
$17,272
$17,078
$1,148
Average New Rochelle, New York Tax Savings
Ownwell’s New Rochelle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Rochelle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Rochelle 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 New Rochelle. 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 New Rochelle, New York
Property taxes in New Rochelle, 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 New Rochelle is 2.81%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within New Rochelle set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Rochelle 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 New Rochelle's effective property tax rate to other areas in Westchester County and the national median. For comparison, the 10805 zip code has the highest median property tax rate of 2.83%, while the 10801 zip code has the lowest median tax rate of 2.81%. Understanding how these areas compare with New Rochelle 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 New Rochelle Tax Rate
2.81%
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 New Rochelle, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10801 | 2.18% | 2.56% | 2.81% | 2.92% | 3.03% |
| 10804 | 2.38% | 2.63% | 2.81% | 2.84% | 2.86% |
| 10805 | 2.11% | 2.55% | 2.83% | 2.94% | 3.03% |
Source: Ownwell
$1,148
Average New Rochelle Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across New Rochelle, New York
In New Rochelle, 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 New Rochelle, 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. For instance, the highest median tax bill in New Rochelle is $20,979 in the 10804 zip code, while the lowest median tax bill is $13,230 in the 10805 zip code. 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 New Rochelle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across New Rochelle, New York
Source: Ownwell
$143,650
$2,206,877
$4,270,103
Average New Rochelle Assessed Value
$614,679
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 New Rochelle, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10801 | $247,706 | $385,321 | $511,468 | $619,266 | $750,000 |
| 10804 | $571,100 | $665,138 | $775,229 | $963,303 | $1,224,312 |
| 10805 | $178,899 | $344,037 | $527,523 | $688,073 | $885,321 |
Source: Ownwell
$1,148
Average New Rochelle Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across New Rochelle, New York
In New Rochelle, 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. With a median home price of $614,679, homeowners face significant tax bills. For instance, the 25th percentile tax bill is $11,288, while the 75th percentile tax bill reaches $21,300. The highest median tax bill in the area is $20,979 in ZIP code 10804, and the lowest is $13,230 in ZIP code 10805. These figures are notably higher than the national median property tax rate of 0.99%. Factors such as property size, location, and market trends influence the assessed value, impacting the overall tax burden. Homeowners may feel the financial strain, especially when tax bills reach the 90th percentile at $28,413. Ownwell offers a solution by providing property tax appeal and exemption services. Through expert analysis and negotiation, Ownwell helps homeowners potentially reduce their assessed values, leading to lower tax bills and significant savings.
Average New Rochelle Tax Bill
$16,402
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 New Rochelle, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10801 | $5,561 | $9,684 | $13,532 | $16,921 | $20,631 |
| 10804 | $12,875 | $17,436 | $20,979 | $26,560 | $33,497 |
| 10805 | $4,542 | $7,939 | $13,230 | $18,501 | $24,463 |
Source: Ownwell
$1,148
Average New Rochelle 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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