Bronxville, New York Property Taxes
The median property tax rate in Bronxville, NY is 0.34%, significantly lower than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Bronxville, the typical annual property tax bill reaches $3,356, surpassing the national median of $2,690. Property taxes in Bronxville are calculated based on the tax-assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bronxville'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 Bronxville 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
Bronxville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.34%
Estimate Property Tax Bill
$2,822
$2,791
$1,148
Average Bronxville, New York Tax Savings
Ownwell’s Bronxville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bronxville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bronxville 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 Bronxville. 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 Bronxville, New York
Property taxes in Bronxville, 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 Bronxville is 1.29%, significantly higher than both the New York state median of 1.23% and the U.S. national median of 0.99%. Local government entities within Bronxville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bronxville 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 Bronxville's effective property tax rate to other counties in New York and the national median. For comparison, the 10583 zip code has the highest median property tax rate of 2.30%, while the 10707 zip code has the lowest median tax rate of 1.17%. Understanding how these cities compare with Bronxville 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 Bronxville Tax Rate
0.34%
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 Bronxville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10708 | 0.18% | 0.34% | 0.34% | 2.37% | 2.65% |
Source: Ownwell
$1,148
Average Bronxville Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Bronxville, New York
In Bronxville, 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 Bronxville, 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 Bronxville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the 10708 zip code is $3,356, while the lowest median tax bill is also $3,356, highlighting the importance of understanding and managing these valuations.
Property Tax Assessment Values Across Bronxville, New York
Source: Ownwell
$143,650
$2,206,877
$4,270,103
Average Bronxville Assessed Value
$830,097
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 Bronxville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10708 | $185,181 | $536,842 | $830,097 | $1,389,418 | $2,451,100 |
Source: Ownwell
$1,148
Average Bronxville Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Bronxville, New York
In Bronxville, located in Westchester County, NY, property tax bills are calculated based on the assessed value of a home, which is influenced by the market value. The median home price in Bronxville is $830,097. Property taxes in this area can vary significantly, with the 25th percentile tax bill at $1,598 and the 90th percentile reaching up to $38,750. The median tax bill in the 10708 zip code stands at $3,356, which is higher than the national median property tax rate of 0.99%. Several factors contribute to the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. High property taxes can be a burden for homeowners, affecting their overall financial health and home affordability. Ownwell helps homeowners in Bronxville save on their property tax bills by providing expert property tax appeal and exemption services. By analyzing property assessments and market conditions, Ownwell identifies opportunities to reduce tax liabilities, ensuring homeowners pay only their fair share.
Average Bronxville Tax Bill
$3,356
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 Bronxville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10708 | $413 | $1,598 | $3,356 | $17,862 | $38,750 |
Source: Ownwell
$1,148
Average Bronxville 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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