Pelham, New York Property Taxes
The median property tax rate in Pelham, NY is 2.70%, 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 Pelham at $943,500, the typical annual property tax bill reaches $24,725, far exceeding the national median of $2,690. Property taxes in Pelham 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 Pelham'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 Pelham 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
Pelham, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.7%
Estimate Property Tax Bill
$25,475
$25,187
$1,148
Average Pelham, New York Tax Savings
Ownwell’s Pelham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pelham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pelham 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 Pelham. 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 Pelham, New York
Property taxes in Pelham, New York, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Pelham is 2.70%, significantly higher than the U.S. national median of 0.99%. Local government entities within Pelham set these rates annually, and they can vary across different neighborhoods. Each year, Pelham 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 Pelham's effective property tax rate to other areas in Westchester County and the national median. For comparison, the zip code 10803 has both the highest and lowest median property tax rate of 2.70%. Understanding how these areas compare with Pelham 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 Pelham Tax Rate
2.70%
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 Pelham, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10803 | 2.33% | 2.54% | 2.70% | 2.75% | 2.80% |
Source: Ownwell
$1,148
Average Pelham Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Pelham, New York
In Pelham, 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 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 Pelham, 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. Pelham's median home price is $943,500, with the 25th percentile tax bill at $18,253 and the 75th percentile tax bill at $34,485. The zip code 10803 has both the highest and lowest median tax bill at $24,725. Being aware of these valuation processes in Pelham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pelham Assessed Value
$943,500
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 Pelham, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10803 | $595,000 | $703,000 | $943,500 | $1,298,000 | $1,654,700 |
Source: Ownwell
$1,148
Average Pelham Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Pelham, New York
In Pelham, NY, property tax bills are calculated based on the assessed value of your home, which is typically a percentage of the market value. With a median home price of $943,500, homeowners can expect significant property tax bills. Factors such as property location, size, and improvements influence the assessed value. In Westchester County, where Pelham is located, the 25th percentile tax bill is $18,253, while the 75th percentile tax bill reaches $34,485, and the 90th percentile soars to $44,250. The highest median tax bill in the area stands at $24,725. High property taxes can put a strain on homeowners, making it essential to explore ways to reduce these costs. This is where Ownwell can help. By providing expert property tax appeal and exemption services, Ownwell can identify discrepancies in your assessed value and work to lower your tax bill. This ensures you only pay your fair share, potentially saving you thousands of dollars annually.
Average Pelham Tax Bill
$24,725
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 Pelham, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10803 | $13,787 | $18,253 | $24,725 | $34,485 | $44,250 |
Source: Ownwell
$1,148
Average Pelham 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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