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Bedford Corners, New York Property Taxes

The median property tax rate in Bedford Corners, NY is 2.21%, 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 Bedford Corners, the typical annual property tax bill reaches $37,349, exceeding the national median of $2,690. Property taxes in Bedford Corners 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 Bedford Corners' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Bedford Corners 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

Bedford Corners, New York Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

2.21%

Estimate Property Tax Bill

$39,071

$38,631

SAVE WITH OWNWELL

$1,148

Average Bedford Corners, New York Tax Savings

Ownwell’s Bedford Corners Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bedford Corners with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bedford Corners 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 Bedford Corners. 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 Bedford Corners, New York

Property taxes in Bedford Corners, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bedford Corners is 2.21%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Bedford Corners set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bedford Corners 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 Bedford Corners' effective property tax rate to other counties in New York and the national median. For comparison, the 10549 zip code has the highest median property tax rate of 2.21%, while the same zip code also has the lowest median tax rate of 2.21%. Understanding how these cities compare with Bedford Corners 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.

Property Tax Rates Across Bedford Corners, New York

Source: Ownwell

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0.34%

3.24%

6.14%

Average Bedford Corners Tax Rate

2.21%

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 Bedford Corners, New York

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
105492.10%2.14%2.21%2.21%2.21%

Source: Ownwell

Property Tax Assessment Values Across Bedford Corners, New York

In Bedford Corners, 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 Assessor 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 Bedford Corners, 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 Bedford Corners helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $37,349 in the 10549 zip code, while the lowest median tax bill is also $37,349 in the same zip code.

Property Tax Assessment Values Across Bedford Corners, New York

Source: Ownwell

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$143,650

$2,206,877

$4,270,103

Average Bedford Corners Assessed Value

$1,767,938

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 Bedford Corners, New York

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
10549$1,349,893$1,464,528$1,767,938$2,409,156$2,839,935

Source: Ownwell

Property Tax Bills Across Bedford Corners, New York

In Bedford Corners, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value, reflecting the home's worth as determined by the local tax assessor. Factors such as property size, location, and improvements contribute to this valuation. In Westchester County, where Bedford Corners is located, the median home price is $1,767,938, leading to substantial tax bills. For instance, the 25th percentile tax bill is $32,411, while the 75th percentile reaches $51,588, and the 90th percentile can soar to $60,213. These figures are significantly higher than the national median property tax rate of 0.99%. Ownwell helps homeowners in Bedford Corners reduce their property tax bills by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell can challenge overvaluations and secure tax reductions, ensuring homeowners pay only their fair share. This can result in significant savings, making homeownership more affordable.

Property Tax Bills Across Bedford Corners, New York

Source: Ownwell

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$739

$43,196

$85,652

Average Bedford Corners Tax Bill

$37,349

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 Bedford Corners, New York

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
10549$29,874$32,411$37,349$51,588$60,213

Source: Ownwell

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