West Nyack, New York Property Taxes
The median property tax rate in West Nyack, NY is 9.57%, 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 West Nyack at $128,500, the typical annual property tax bill reaches $13,026, far exceeding the national median of $2,690. Property taxes in West Nyack are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like those for primary residences and agricultural properties. Understanding West Nyack'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 West Nyack or another part of Rockland County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
West Nyack, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
9.57%
Estimate Property Tax Bill
$12,297
-$128,877
Ownwell’s West Nyack Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in West Nyack with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in West Nyack 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 West Nyack, New York
Property taxes in West Nyack, 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 West Nyack is 9.57%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within West Nyack set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Nyack 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 West Nyack's effective property tax rate to other counties in New York and the national median. For comparison, the 10994 zip code has the highest median property tax rate of 9.57%, while the same zip code also has the lowest median tax rate of 9.57%. Understanding how these cities compare with West Nyack provides valuable insights into the varying tax landscape across Rockland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average West Nyack Tax Rate
9.57%
Average Rockland County Tax Rate
9.36%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across West Nyack, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10994 | 2.78% | 9.09% | 9.57% | 10.84% | 13.17% |
Source: Ownwell
Property Tax Assessment Values Across West Nyack, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in West Nyack, NY. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the Rockland 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 West Nyack, 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. The zip code with the highest median tax bill in West Nyack is 10994, with a tax bill of $13,026. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across West Nyack, New York
Source: Ownwell
$102,000
$4,272,452
$8,442,903
Average West Nyack Assessed Value
$128,500
Average Rockland County Assessed Value
$130,400
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across West Nyack, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10994 | $93,500 | $107,500 | $128,500 | $178,650 | $417,748 |
Source: Ownwell
Property Tax Bills Across West Nyack, New York
In West Nyack, located in Rockland County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor's office and is meant to reflect the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's size, location, and condition. Homeowners in West Nyack face significant property tax bills, with the median home price at $128,500. Tax bills can vary widely; for example, the 25th percentile tax bill is $10,921, while the 75th percentile reaches $15,975, and the 90th percentile can go as high as $19,717. This substantial tax burden can significantly impact homeowners, making it crucial for them to understand how their tax bills are determined and explore any available exemptions or appeal options to manage costs effectively.
Average West Nyack Tax Bill
$13,026
Average Rockland County Tax Bill
$10,993
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across West Nyack, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10994 | $9,268 | $10,921 | $13,026 | $15,975 | $19,717 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Rockland Assessment Review Commission | |
| Website | app.regrid.com |