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Lake Peekskill, Westchester County, New York Property Taxes

Median Lake Peekskill, NY effective property tax rate: 2.63%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%. Median Lake Peekskill, NY home value: $305,038. Median annual Lake Peekskill, NY tax bill: $7,744, $5,344 higher than the national median property tax bill of $2,400.

How are property taxes in Westchester calculated?

Property taxes in Lake Peekskill, NY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Lake Peekskill’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lake Peekskill, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lake Peekskill, Westchester County, New York Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.63%

Estimate Property Tax Bill

$8,022

$7,445

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Lake Peekskill Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lake Peekskill with just two data points. By entering your property's estimated assessed value, our calculator applies Lake Peekskill’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Westchester. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lake Peekskill, Westchester County, New York

Local government entities are responsible for setting tax rates, which can differ significantly within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Though votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Lake Peekskill, located in Westchester County, the effective property tax rate is notably higher than both the state and national medians. New York's median property tax rate is already above the national median of 1.02%, but Lake Peekskill's rate surpasses even that. This higher rate reflects the area's commitment to funding local services, which can include schools, infrastructure, and emergency services. While higher rates can be challenging for property owners, they also contribute to maintaining and improving the quality of life in the community. Comparing Lake Peekskill’s rate to other areas in New York provides insight into the variance within the state and underscores the importance of understanding local property tax obligations.

Property Tax Rates Across Lake Peekskill, Westchester County, New York

Source: Ownwell

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0.34%

3.24%

6.14%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Lake Peekskill Tax Rate

2.63%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Westchester County Tax Rate

2.29%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lake Peekskill, Westchester County, New York

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
105371.98%2.35%2.63%2.96%2.96%

Source: Ownwell

Property Tax Assessment Values Across Lake Peekskill, Westchester County, New York

When examining property taxes in Lake Peekskill, NY, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Westchester County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Westchester County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Lake Peekskill.

For example, the median home price in Lake Peekskill is $305,038, with tax bills ranging significantly across the county. 10537 has the highest median home price at $305,038.

Property Tax Assessment Values Across Lake Peekskill, Westchester County, New York

Source: Ownwell

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$143,650

$852,438

$1,561,225

Median Lake Peekskill Market Value

$305,038

Median Westchester County Market Value

$589,473

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lake Peekskill, Westchester County, New York

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
10537$109,515$182,369$305,038$404,758$581,344

Source: Ownwell

Property Tax Bills Across Lake Peekskill, Westchester County, New York

In Lake Peekskill, NY, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined based on the market value of the property, taking into account factors such as location, size, and condition. Westchester County, where Lake Peekskill is located, has a notably high median property tax bill of $7,744, significantly above the national median of $2,400. Homeowners in the area may face bills ranging from $4,949 at the 25th percentile to $16,541 at the 90th percentile, reflecting the county's high property values and tax rates. These substantial tax bills can be a financial burden for homeowners, making it crucial to ensure they are fair and accurate. Ownwell offers a valuable service by helping homeowners appeal their property assessments, potentially lowering their tax obligations. By analyzing assessment data and market trends, Ownwell can identify opportunities for savings, providing relief to homeowners facing hefty tax bills.

Property Tax Bills Across Lake Peekskill, Westchester County, New York

Source: Ownwell

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$739

$15,742

$30,745

Median Lake Peekskill Tax Bill

$7,744

Median Westchester County Tax Bill

$12,812

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Lake Peekskill, Westchester County, New York

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
10537$2,592$4,949$7,744$10,167$16,541

Source: Ownwell

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