Dobbs Ferry, New York Property Taxes
The median property tax rate in Dobbs Ferry, NY is 3.00%, 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 Dobbs Ferry at $699,600, the typical annual property tax bill reaches $20,382, exceeding the national median of $2,690. Property taxes in Dobbs Ferry 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 Dobbs Ferry'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 Dobbs Ferry 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
Dobbs Ferry, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3%
Estimate Property Tax Bill
$20,988
$20,751
$1,148
Average Dobbs Ferry, New York Tax Savings
Ownwell’s Dobbs Ferry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dobbs Ferry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dobbs Ferry 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 Dobbs Ferry. 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 Dobbs Ferry, New York
Property taxes in Dobbs Ferry, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dobbs Ferry is 3.00%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Dobbs Ferry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dobbs Ferry 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 Dobbs Ferry's effective property tax rate to other counties in New York and the national median. For comparison, the 10522 zip code has the highest median property tax rate of 3.00%, while the same zip code also has the lowest median tax rate of 3.00%. Understanding how these cities compare with Dobbs Ferry 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 Dobbs Ferry Tax Rate
3.00%
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 Dobbs Ferry, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10522 | 2.40% | 2.79% | 3.00% | 3.05% | 3.11% |
Source: Ownwell
$1,148
Average Dobbs Ferry Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Dobbs Ferry, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Dobbs Ferry, NY. 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 Dobbs Ferry, 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. The median home price in Dobbs Ferry is $699,600, with tax bills ranging from $15,976 at the 25th percentile to $35,845 at the 90th percentile. The highest and lowest median tax bills are both $20,382 in the 10522 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage their tax burden effectively.
Property Tax Assessment Values Across Dobbs Ferry, New York
Source: Ownwell
$143,650
$2,206,877
$4,270,103
Average Dobbs Ferry Assessed Value
$699,600
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 Dobbs Ferry, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10522 | $433,800 | $564,100 | $699,600 | $906,850 | $1,251,600 |
Source: Ownwell
$1,148
Average Dobbs Ferry Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Dobbs Ferry, New York
In Dobbs Ferry, located in Westchester County, NY, property tax bills are calculated based on the assessed value of your home and the local tax rate. With a median home price of $699,600, homeowners in this area face significant tax bills. The tax bill typically ranges from $15,976 at the 25th percentile to $35,845 at the 90th percentile, with the highest median tax bill recorded at $20,382 in ZIP code 10522. These values are markedly higher than the national median property tax rate of 0.99%. Factors considered in determining the tax bill include the assessed value of the property and applicable exemptions. High property taxes can place a considerable financial burden on homeowners, affecting their overall cost of living. Ownwell can help homeowners in Dobbs Ferry by providing expert property tax appeal and exemption services. By leveraging local knowledge and expertise, Ownwell can assist in reducing the assessed value of your property, potentially lowering your tax bill and easing your financial burden.
Average Dobbs Ferry Tax Bill
$20,382
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 Dobbs Ferry, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10522 | $9,308 | $15,976 | $20,382 | $26,615 | $35,845 |
Source: Ownwell
$1,148
Average Dobbs Ferry 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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