Millwood, Westchester County, New York Property Taxes
Median Millwood, NY effective property tax rate: 2.72%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Millwood, NY home value: $616,448
Median annual Millwood, NY tax bill: $15,629, $13,229 higher than the national median property tax bill of $2,400.
How are property taxes in Westchester calculated?
Property taxes in Millwood, 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 Millwood’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Millwood, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Millwood, Westchester County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.72%
Estimate Property Tax Bill
$16,767
$15,560
$1,102
Average Tax Savings
Property Tax Rates Across Millwood, Westchester County, New York
Local government entities determine tax rates, which can vary significantly within a state. This variation arises because each year, counties estimate the budget needed to provide essential services and divide it by the total value of all taxable properties within their jurisdiction. This process results in the property tax rate. While votes and laws influence the setting of tax rates and budgets, this is the basic annual procedure.
Millwood in Westchester County, NY, stands out with its effective property tax rate, which is notably higher than the national median property tax rate of 1.02%. This elevated rate reflects the county's approach to funding its services through property taxes. Compared to other cities in New York, Millwood's rate is among the highest, emphasizing the considerable variation within the state. This disparity highlights the importance of understanding local tax structures, especially when considering property investments or residency in different areas. By comparing Millwood's rate to the state and national medians, property owners can better gauge their tax obligations and make informed decisions about property ownership in New York.
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 Millwood Tax Rate
2.72%
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 Millwood, Westchester County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10546 | 2.01% | 2.47% | 2.72% | 2.76% | 2.81% |
Source: Ownwell
$1,102
Average Millwood Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Assessment Values Across Millwood, Westchester County, New York
When examining property taxes in Millwood, 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 April. 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 Millwood.
For example, the median home price in Millwood is $616,448, with tax bills ranging significantly across the county. Zip code 10546 has the highest median home price at $616,448.
Property Tax Assessment Values Across Millwood, Westchester County, New York
Source: Ownwell
$143,650
$852,438
$1,561,225
Median Millwood Market Value
$616,448
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 Millwood, Westchester County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10546 | $225,504 | $289,188 | $616,448 | $825,374 | $985,075 |
Source: Ownwell
$1,102
Average Millwood Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Bills Across Millwood, Westchester County, New York
In Millwood, Westchester County, NY, property tax bills are determined by the assessed value of a property multiplied by the local tax rate. The median home price here is significantly higher than the national average, standing at $616,448. This results in property tax bills that can vary widely, from the 25th percentile at $7,224 to the 90th percentile reaching $26,363. The median property tax bill in Millwood is $15,629, which is substantially above the national median of $2,400. This high tax burden is due to the combination of high property values and local tax rates.
Homeowners in Millwood can be significantly impacted by these taxes, as they represent a considerable portion of annual expenses. Ownwell offers a valuable service by assisting homeowners in appealing their property tax assessments, potentially lowering their tax bills. By leveraging expertise in local tax laws and assessment processes, Ownwell can help homeowners ensure they are not overpaying and achieve significant savings on their property tax bills.
Median Millwood Tax Bill
$15,629
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 Millwood, Westchester County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10546 | $4,985 | $7,224 | $15,629 | $21,972 | $26,363 |
Source: Ownwell
$1,102
Average Millwood Tax Savings
Save on your property taxes & more with Ownwell
Don't miss the deadline to file a grievance!
Dates |
|---|
Links | |
|---|---|
| Westchester Assessment Review Commission | |
| Website | giswww.westchestergov.com |
Save money on your property taxes with Ownwell
Enter your address.
With just your address Ownwell will analyze your property expenses to find you savings using real time market data, local expertise and AI.
Answer some questions.
The more we know about your property, the more we can save you. There's no up-front costs, it's risk-free to sign up. Only pay if you save!
Unlock your savings.
We gather evidence, file all documentation, and attend hearings on your behalf year after year, so you never overpay again.