Baldwin Place, New York Property Taxes
The median property tax rate in Baldwin Place, NY is 2.50%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With a median home value of $790,934 in Baldwin Place, the typical annual property tax bill reaches $19,600, far exceeding the national median of $2,690. Property taxes in Baldwin Place are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Baldwin Place'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 Baldwin Place or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Baldwin Place, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.5%
Estimate Property Tax Bill
$19,773
$19,550
$1,148
Average Baldwin Place, New York Tax Savings
Ownwell’s Baldwin Place Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Baldwin Place with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Baldwin Place 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 Baldwin Place. 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 Baldwin Place, New York
Property taxes in Baldwin Place, New York, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Baldwin Place is 2.50%, which is significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Baldwin Place set these rates annually, and they can vary across different neighborhoods. Each year, Baldwin Place 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 Baldwin Place's effective property tax rate to other areas in New York and the national median. For comparison, the highest and lowest median property tax rates in the region are both found in the 10505 zip code, standing at 2.50%. Understanding how these areas compare with Baldwin Place 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 Baldwin Place Tax Rate
2.50%
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 Baldwin Place, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10505 | 2.14% | 2.35% | 2.50% | 2.57% | 2.57% |
Source: Ownwell
$1,148
Average Baldwin Place Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Baldwin Place, New York
In Baldwin Place, 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 Baldwin Place, 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 Baldwin Place helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Baldwin Place is 10505, with a median tax bill of $19,600.
Property Tax Assessment Values Across Baldwin Place, New York
Source: Ownwell
$143,650
$2,206,877
$4,270,103
Average Baldwin Place Assessed Value
$790,934
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 Baldwin Place, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10505 | $598,335 | $730,805 | $790,934 | $847,364 | $895,652 |
Source: Ownwell
$1,148
Average Baldwin Place Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Baldwin Place, New York
In Baldwin Place, located in Westchester County, NY, property tax bills are calculated based on the assessed value of the home, which is derived from the market value. Homeowners in this area face a median property tax rate significantly higher than the national median of 0.99%. For instance, the 25th percentile tax bill stands at $16,263, while the 75th percentile reaches $21,424, with some homeowners paying up to $22,959. Several factors influence the property tax bill, including property size, location, and any improvements made. These taxes can be a substantial financial burden for homeowners, particularly in a high-cost area like Baldwin Place. Ownwell can assist homeowners in Baldwin Place by providing expert property tax appeal and exemption services. By challenging over-assessments and ensuring all eligible exemptions are applied, Ownwell helps reduce the overall tax burden. This can result in considerable savings, making homeownership more affordable and less financially stressful.
Average Baldwin Place Tax Bill
$19,600
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 Baldwin Place, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10505 | $12,202 | $16,263 | $19,600 | $21,424 | $22,959 |
Source: Ownwell
$1,148
Average Baldwin Place Tax Savings
Save on your property taxes & more with Ownwell.
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Dates |
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Links | |
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| Westchester Assessment Review Commission | |
| Website | giswww.westchestergov.com |
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