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Port Chester, New York Property Taxes

The median property tax rate in Port Chester, NY is 2.16%, considerably higher than both the national median of 0.99% and the New York state median of 2.39%. With a median home value of $555,700 in Port Chester, the typical annual property tax bill reaches $11,569, far exceeding the national median of $2,690. Property taxes in Port Chester 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 Port Chester'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 Port Chester 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

Port Chester, New York Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

2.16%

Estimate Property Tax Bill

$12,003

$11,868

SAVE WITH OWNWELL

$1,148

Average Port Chester, New York Tax Savings

Ownwell’s Port Chester Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Port Chester with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Port Chester 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 Port Chester. 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 Port Chester, New York

Property taxes in Port Chester, 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 Port Chester is 2.16%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Port Chester set these rates annually, and they can vary significantly across different neighborhoods. Each year, Port Chester 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 Port Chester's effective property tax rate to other regions in New York and the national median. For comparison, the zip code 10573 has the highest median property tax rate of 2.16%, while the same zip code also has the lowest median tax rate of 2.16%. Understanding how these cities compare with Port Chester 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.

Property Tax Rates Across Port Chester, New York

Source: Ownwell

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0.34%

3.24%

6.14%

Average Port Chester Tax Rate

2.16%

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 Port Chester, New York

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
105731.68%2.01%2.16%2.30%2.74%

Source: Ownwell

Property Tax Assessment Values Across Port Chester, New York

In Port Chester, 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 Port Chester, 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 Port Chester helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Port Chester is $555,700, with tax bills ranging from $9,062 at the 25th percentile to $18,844 at the 90th percentile. The highest and lowest median tax bills are both $11,569 in the 10573 zip code.

Property Tax Assessment Values Across Port Chester, New York

Source: Ownwell

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$143,650

$2,206,877

$4,270,103

Average Port Chester Assessed Value

$555,700

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 Port Chester, New York

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
10573$307,040$467,200$555,700$661,700$815,040

Source: Ownwell

Property Tax Bills Across Port Chester, New York

In Port Chester, NY, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. Westchester County, where Port Chester is located, has some of the highest property taxes in the nation. With a median home price of $555,700, homeowners can expect significant tax bills. The tax bill at the 25th percentile is $9,062, while at the 75th percentile, it rises to $14,090. At the 90th percentile, homeowners might pay as much as $18,844. These figures are notably higher than the national median property tax rate of 0.99%. Several factors influence these tax bills, including the home's assessed value, local tax rates, and any applicable exemptions. High property taxes can place a substantial financial burden on homeowners. This is where Ownwell steps in, offering expert property tax appeal and exemption services. By leveraging their expertise, Ownwell helps homeowners potentially lower their assessed values, ensuring they pay only their fair share, thereby saving significantly on their property tax bills.

Property Tax Bills Across Port Chester, New York

Source: Ownwell

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$739

$43,196

$85,652

Average Port Chester Tax Bill

$11,569

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 Port Chester, New York

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
10573$5,471$9,062$11,569$14,090$18,844

Source: Ownwell

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