Lincolndale, New York Property Taxes
The median property tax rate in Lincolndale, NY is 2.26%, 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 Lincolndale, the typical annual property tax bill reaches $9,946, exceeding the national median of $2,690. Property taxes in Lincolndale 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 Lincolndale'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 Lincolndale 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
Lincolndale, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.26%
Estimate Property Tax Bill
$9,220
$9,116
$1,148
Average Lincolndale, New York Tax Savings
Ownwell’s Lincolndale Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers an easy way to estimate their annual property taxes in Lincolndale with just two key inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Lincolndale to provide an estimate of your property tax bill. This valuable tool not only helps you grasp potential tax obligations but also demonstrates how Ownwell can help lower property taxes in Lincolndale. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Lincolndale, New York
Property taxes in Lincolndale, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lincolndale is 2.26%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Lincolndale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lincolndale 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 Lincolndale's effective property tax rate to other areas in New York and the national median. For comparison, the 10540 zip code has the highest median property tax rate of 2.26%, while the 10540 zip code also has the lowest median tax rate of 2.26%. Understanding how these areas compare with Lincolndale 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 Lincolndale Tax Rate
2.26%
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 Lincolndale, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10540 | 2.04% | 2.12% | 2.26% | 2.35% | 2.40% |
Source: Ownwell
$1,148
Average Lincolndale Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Lincolndale, New York
In Lincolndale, 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 Lincolndale, 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 Lincolndale 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 $9,946 in the 10540 zip code, while the lowest is also $9,946 in the same zip code.
Property Tax Assessment Values Across Lincolndale, New York
Source: Ownwell
$143,650
$2,206,877
$4,270,103
Average Lincolndale Assessed Value
$407,956
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 Lincolndale, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10540 | $373,913 | $386,679 | $407,956 | $661,424 | $813,506 |
Source: Ownwell
$1,148
Average Lincolndale Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Lincolndale, New York
In Lincolndale, 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 $407,956, homeowners can expect significant variation in their tax bills. The 25th percentile tax bill stands at $8,601, while the 75th percentile reaches $15,299, and the 90th percentile soars to $18,511. These figures far exceed the national median property tax rate of 0.99%, reflecting the high property values and tax rates in the area. Factors such as property size, location, and improvements can influence the assessed value, directly impacting your tax bill. High property taxes can be a financial burden for homeowners, but Ownwell offers a solution. By leveraging expertise in property tax appeals and exemptions, Ownwell helps homeowners contest inflated assessments, potentially reducing their tax bills. This service can lead to substantial savings, easing the financial strain and ensuring homeowners pay only their fair share.
Average Lincolndale Tax Bill
$9,946
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 Lincolndale, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10540 | $7,794 | $8,601 | $9,946 | $15,299 | $18,511 |
Source: Ownwell
$1,148
Average Lincolndale 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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