Amawalk, New York Property Taxes
The median property tax rate in Amawalk, NY is 2.44%, 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 Amawalk, the typical annual property tax bill reaches $14,360, far exceeding the national median of $2,690. Property taxes in Amawalk 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 Amawalk'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 Amawalk 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
Amawalk, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.44%
Estimate Property Tax Bill
$15,642
$15,466
$1,148
Average Amawalk, New York Tax Savings
Ownwell’s Amawalk Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Amawalk with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Amawalk 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 Amawalk. 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 Amawalk, New York
Property taxes in Amawalk, New York, are critical in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Amawalk is 2.44%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Amawalk set these rates annually, and they can vary significantly across different neighborhoods. Each year, Amawalk 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 Amawalk's effective property tax rate to other counties in New York and the national median. For comparison, the 10501 zip code has the highest median property tax rate of 2.44%, while the 10501 zip code has the lowest median tax rate of 2.44%. Understanding how these cities compare with Amawalk 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 Amawalk Tax Rate
2.44%
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 Amawalk, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10501 | 1.90% | 2.16% | 2.44% | 2.44% | 2.50% |
Source: Ownwell
$1,148
Average Amawalk Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Amawalk, New York
In Amawalk, 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 Amawalk, 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 median home price in Amawalk is $641,073, with tax bills ranging from $9,602 at the 25th percentile to $24,095 at the 90th percentile. The highest and lowest median tax bills are both $14,360 in the 10501 zip code. Being aware of these valuation processes in Amawalk helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Amawalk Assessed Value
$641,073
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 Amawalk, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10501 | $350,879 | $468,085 | $641,073 | $849,214 | $1,012,581 |
Source: Ownwell
$1,148
Average Amawalk Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Amawalk, New York
In Amawalk, located in Westchester County, NY, property tax bills are calculated based on the assessed value of your home. The tax rate applied to this assessed value is determined by local taxing authorities. With a median home price of $641,073, homeowners in Amawalk face substantial property tax bills, often higher than the national median property tax rate of 0.99%. For instance, the tax bill at the 25th percentile is $9,602, while at the 75th percentile, it rises to $19,936, and at the 90th percentile, it reaches $24,095. Several factors influence your tax bill, including property size, location, and any improvements made. These high tax rates can significantly impact homeowners, making it crucial to ensure that your property is fairly assessed. Ownwell specializes in property tax appeals and exemption services, helping homeowners contest overvaluations and secure potential savings. By leveraging our expertise, you can navigate the complex appeal process and potentially reduce your property tax burden, ensuring you only pay your fair share.
Average Amawalk Tax Bill
$14,360
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 Amawalk, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10501 | $6,912 | $9,602 | $14,360 | $19,936 | $24,095 |
Source: Ownwell
$1,148
Average Amawalk Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Westchester Assessment Review Commission | |
| Website | giswww.westchestergov.com |
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