Bronx, New York County, New York Property Taxes
Median Bronx, NY effective property tax rate: 0.64%, significantly lower than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Bronx, NY home value: $867,000
Median annual Bronx, NY tax bill: $5,761, $3,361 higher than the national median property tax bill of $2,400.
How are property taxes in New York calculated?
Property taxes in Bronx, NY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Bronx’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bronx, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bronx, New York County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.64%
Estimate Property Tax Bill
$5,549
$5,149
Property Tax Rates Across Bronx, New York County, New York
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In the Bronx, located in New York County, the effective property tax rate is relatively low compared to both the state and national averages. The median property tax rate here is 0.64%, which is significantly below the national median property tax rate of 1.02%. This means that property owners in the Bronx benefit from lower property tax bills compared to many other parts of the country.
For homeowners in the Bronx, this lower tax rate can translate into substantial savings, making it an attractive place to own property. By understanding these tax dynamics, property owners can better navigate their financial planning and potentially explore appealing opportunities within the Bronx's real estate market.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Bronx Tax Rate
0.64%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective New York County Tax Rate
5.41%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bronx, New York County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10463 | 0.48% | 0.58% | 0.64% | 0.76% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Bronx, New York County, New York
When examining property taxes in Bronx, NY, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The New York County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices: In New York County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Bronx.
For example, the median home price in Bronx is $867,000, with tax bills ranging significantly across the county. Zip code 10463 has the highest median home price at $864,000.
Property Tax Assessment Values Across Bronx, New York County, New York
Source: Ownwell
$228,475
$55,980,238
$111,732,000
Median Bronx Market Value
$867,000
Median New York County Market Value
$5,233,000
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bronx, New York County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10463 | $420,014 | $628,000 | $864,000 | $1,043,000 | $1,278,200 |
Source: Ownwell
Property Tax Bills Across Bronx, New York County, New York
Median Bronx Tax Bill
$5,761
Median New York County Tax Bill
$16,162
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Bronx, New York County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10463 | $2,691 | $3,276 | $5,711 | $6,716 | $8,043 |
Source: Ownwell