Granite Springs, New York Property Taxes
The median property tax rate in Granite Springs, 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 Granite Springs at $652,174, the typical annual property tax bill reaches $15,020, far exceeding the national median of $2,690. Property taxes in Granite Springs 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 Granite Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Granite Springs 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
Granite Springs, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.44%
Estimate Property Tax Bill
$15,913
$15,734
$1,148
Average Granite Springs, New York Tax Savings
Ownwell’s Granite Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Granite Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Granite Springs 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 Granite Springs. 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 Granite Springs, New York
Property taxes in Granite Springs, NY, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Granite Springs 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 Granite Springs set these rates annually, and they can vary considerably across different neighborhoods. Each year, Granite Springs 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 Granite Springs' effective property tax rate to other areas in Westchester County and the national median. For comparison, the zip code 10527 has both the highest and lowest median property tax rate of 2.44%. Understanding how these areas compare with Granite Springs 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 regions.
Average Granite Springs 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 Granite Springs, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10527 | 1.87% | 2.16% | 2.44% | 2.44% | 2.44% |
Source: Ownwell
$1,148
Average Granite Springs Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Granite Springs, New York
In Granite Springs, 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 Granite Springs, 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 Granite Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in the area is $15,020 in zip code 10527.
Property Tax Assessment Values Across Granite Springs, New York
Source: Ownwell
$143,650
$2,206,877
$4,270,103
Average Granite Springs Assessed Value
$652,174
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 Granite Springs, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10527 | $441,351 | $565,217 | $652,174 | $725,255 | $801,202 |
Source: Ownwell
$1,148
Average Granite Springs Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Granite Springs, New York
In Granite Springs, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. Homeowners in Granite Springs face significant property tax burdens, with the median tax bill in Westchester County reaching $15,020, far above the national median of 0.99%. This high tax rate can be a financial strain on homeowners. However, Ownwell offers valuable assistance by providing property tax appeal and exemption services. By leveraging expert knowledge and local data, Ownwell can help identify discrepancies in assessed values, ensuring homeowners are not overpaying. This can lead to substantial savings, reducing the financial burden of property taxes and allowing homeowners to allocate funds to other important needs. Let Ownwell's expertise work for you to ensure fair property tax assessments and potential savings.
Average Granite Springs Tax Bill
$15,020
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 Granite Springs, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10527 | $8,024 | $11,953 | $15,020 | $17,410 | $19,114 |
Source: Ownwell
$1,148
Average Granite Springs 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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