Brewster, New York Property Taxes
The median property tax rate in Brewster, NY is 3.37%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Brewster at $376,500, the typical annual property tax bill reaches $12,308, far exceeding the national median of $2,690. Property taxes in Brewster are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Brewster's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Brewster or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brewster, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.37%
Estimate Property Tax Bill
$12,688
$12,545
Ownwell’s Brewster Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brewster with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brewster to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Brewster, New York
Property taxes in Brewster, 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 Brewster is 3.37%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Brewster set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brewster 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 Brewster's effective property tax rate to other counties in New York and the national median. For comparison, the 10509 zip code has the highest median property tax rate of 3.37%, while the same zip code also has the lowest median tax rate of 3.37%. Understanding how these cities compare with Brewster provides valuable insights into the varying tax landscape across Putnam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brewster Tax Rate
3.37%
Average Putnam County Tax Rate
3.27%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brewster, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10509 | 2.63% | 3.29% | 3.37% | 3.40% | 3.63% |
Source: Ownwell
Property Tax Assessment Values Across Brewster, New York
In Brewster, 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 local 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 Brewster 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 Brewster helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Brewster's highest and lowest median tax bills are both $12,308, found in zip code 10509.
Average Brewster Assessed Value
$376,500
Average Putnam County Assessed Value
$378,400
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brewster, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10509 | $220,000 | $300,000 | $376,500 | $492,300 | $656,700 |
Source: Ownwell
Property Tax Bills Across Brewster, New York
In Brewster, Putnam County, NY, property tax bills are determined based on the assessed value of a home and the local tax rate. The median home price in this area is $376,500. Tax assessments consider factors such as the property's size, location, and condition. Once the property's assessed value is established, it is multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Brewster, the tax bills can vary significantly. The 25th percentile tax bill is around $9,618, while the 75th percentile reaches $16,164, and the 90th percentile can be as high as $21,012. These figures highlight that property taxes in Brewster can be substantially higher than the national median property tax rate of 0.99%. The highest and lowest median tax bills in Brewster both stand at $12,308, reflecting the uniformity in certain areas. High property taxes can impact homeowners by increasing the overall cost of homeownership, potentially affecting affordability and long-term financial planning.
Average Brewster Tax Bill
$12,308
Average Putnam County Tax Bill
$11,749
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Brewster, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10509 | $6,300 | $9,618 | $12,308 | $16,164 | $21,012 |
Source: Ownwell