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Purchase, Westchester County, New York Property Taxes

  • Median Purchase, NY effective property tax rate: 2.02%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.

  • Median Purchase, NY home value: $1,511,628

  • Median annual Purchase, NY tax bill: $30,098, $27,698 higher than the national median property tax bill of $2,400.

How are property taxes in Westchester calculated?

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

Last Updated March 1, 2025

Purchase, Westchester County, New York Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.02%

Estimate Property Tax Bill

$30,535

$28,336

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Purchase Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Purchase with just two data points. By entering your property's estimated assessed value, our calculator applies Purchase’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 Purchase, Westchester County, New York

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Purchase, located in Westchester County, NY, property tax rates are notably higher than the national median. The median property tax rate in this area is 2.02%, which is significantly above the national median of 1.02%. This means that residents in Purchase might pay more than double the national average, reflecting the county's budgetary needs and property values.

When comparing Purchase’s effective property tax rate to other cities in New York, it's clear that Westchester County maintains one of the highest rates. This can have implications for homeowners and potential buyers, emphasizing the importance of understanding local property tax dynamics. While owning property in Purchase can be more costly in terms of taxes, it also underscores the community's investment in local services and infrastructure.

Property Tax Rates Across Purchase, 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 Purchase Tax Rate

2.02%

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 Purchase, Westchester County, New York

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
105771.90%2.00%2.02%2.02%2.02%

Source: Ownwell

Property Tax Assessment Values Across Purchase, Westchester County, New York

When examining property taxes in Purchase, 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 authority 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 Purchase. For example, the median home price in Purchase is $1,511,628, with tax bills ranging significantly across the county. The 10577 zip code has the highest median home price at $1,511,628.

Property Tax Assessment Values Across Purchase, Westchester County, New York

Source: Ownwell

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$143,650

$852,438

$1,561,225

Median Purchase Market Value

$1,511,628

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 Purchase, Westchester County, New York

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
10577$852,713$1,073,643$1,511,628$2,715,116$3,504,651

Source: Ownwell

Property Tax Bills Across Purchase, Westchester County, New York

In Purchase, located in Westchester County, NY, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local assessor's office and reflects a percentage of the market value. Homeowners in Purchase face some of the highest property tax bills in the nation, with the 25th percentile tax bill at $20,977 and the 75th percentile reaching $54,485. These figures starkly contrast with the national median property tax bill of $2,400. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. High property taxes can be a significant financial burden for homeowners, making it essential to ensure their property is not over-assessed. This is where Ownwell steps in. By providing expert property tax appeal services, Ownwell helps homeowners potentially reduce their tax bills, ensuring they aren't paying more than necessary. With a team of specialists, Ownwell navigates the complexities of property tax assessments, offering peace of mind and potential savings.

Property Tax Bills Across Purchase, Westchester County, New York

Source: Ownwell

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$739

$15,742

$30,745

Median Purchase Tax Bill

$30,098

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 Purchase, Westchester County, New York

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
10577$16,060$20,977$30,098$54,485$70,893

Source: Ownwell

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