North Castle, New York Property Taxes
The median property tax rate in North Castle, NY is 2.01%, 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 North Castle, the typical annual property tax bill reaches $85,652, significantly exceeding the national median of $2,690. Property taxes in North Castle 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 North Castle'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 North Castle 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
North Castle, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.01%
Estimate Property Tax Bill
$85,829
$84,861
$1,148
Average North Castle, New York Tax Savings
Ownwell’s North Castle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Castle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Castle 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 North Castle. 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 North Castle, New York
Property taxes in North Castle, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Castle is 2.01%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within North Castle set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Castle 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 North Castle's effective property tax rate to other counties in New York and the national median. For comparison, the 10504 zip code has the highest median property tax rate of 2.01%, while the same zip code also has the lowest median tax rate of 2.01%. Understanding how these areas compare with North Castle 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 North Castle Tax Rate
2.01%
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 North Castle, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10504 | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% |
Source: Ownwell
$1,148
Average North Castle Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across North Castle, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in North Castle, New York. 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 local 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 North Castle, 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in North Castle are both $85,652, found in the 10504 zip code.
Property Tax Assessment Values Across North Castle, New York
Source: Ownwell
$143,650
$2,206,877
$4,270,103
Average North Castle Assessed Value
$4,270,103
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 North Castle, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10504 | $4,270,103 | $4,270,103 | $4,270,103 | $4,270,103 | $4,270,103 |
Source: Ownwell
$1,148
Average North Castle Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across North Castle, New York
In North Castle, Westchester County, NY, property tax bills are calculated based on the assessed value of your home. The local tax rate is applied to this assessed value to determine your annual tax bill. Factors such as property size, location, and market conditions are considered in the assessment process. Homeowners in North Castle face a median property tax bill of $85,652, significantly higher than the national median property tax rate of 0.99%. This high tax bill can be burdensome for homeowners, impacting their overall financial well-being. Ownwell can help homeowners in North Castle reduce their property tax bills through professional tax appeal and exemption services. By analyzing your property's assessed value and comparing it to similar properties, Ownwell identifies discrepancies and builds a strong case for a lower assessment. This process can lead to substantial savings, easing the financial strain on homeowners. Trust Ownwell to navigate the complexities of property tax appeals and secure the best possible outcome for your property tax bill.
Average North Castle Tax Bill
$85,652
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 North Castle, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10504 | $85,652 | $85,652 | $85,652 | $85,652 | $85,652 |
Source: Ownwell
$1,148
Average North Castle 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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