Waccabuc, New York Property Taxes
The median property tax rate in Waccabuc, NY is 2.30%, 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 Waccabuc, the typical annual property tax bill reaches $23,717, significantly exceeding the national median of $2,690. Property taxes in Waccabuc 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 Waccabuc'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 Waccabuc 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
Waccabuc, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.3%
Estimate Property Tax Bill
$24,828
$24,548
$1,148
Average Waccabuc, New York Tax Savings
Ownwell’s Waccabuc Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Waccabuc with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Waccabuc 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 Waccabuc. 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 Waccabuc, New York
Property taxes in Waccabuc, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Waccabuc is 2.30%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Waccabuc set these rates annually, and they can vary significantly across different neighborhoods. Each year, Waccabuc 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 Waccabuc's effective property tax rate to other counties in New York and the national median. For comparison, the 10597 zip code has the highest median property tax rate of 2.30%, while the same zip code also has the lowest median tax rate of 2.30%. Understanding how these cities compare with Waccabuc 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 Waccabuc Tax Rate
2.30%
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 Waccabuc, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10597 | 2.09% | 2.18% | 2.30% | 2.30% | 2.30% |
Source: Ownwell
$1,148
Average Waccabuc Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Waccabuc, New York
In Waccabuc, 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 Waccabuc, 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 Waccabuc helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 10597 has the highest and lowest median tax bill at $23,717.
Average Waccabuc Assessed Value
$1,079,462
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 Waccabuc, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10597 | $761,369 | $892,726 | $1,079,462 | $1,565,098 | $2,238,509 |
Source: Ownwell
$1,148
Average Waccabuc Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Waccabuc, New York
Property tax bills in Waccabuc, located in Westchester County, NY, are calculated based on the assessed value of a property and the local tax rate. The median home price in Waccabuc is $1,079,462, and with a property tax rate of 0.99%, homeowners face substantial tax bills. For instance, the tax bill at the 25th percentile is $19,202, while at the 75th percentile, it reaches $35,238, and at the 90th percentile, it soars to $49,982. Factors such as property size, location, and market conditions contribute to the assessed value, directly impacting the tax bill. Homeowners in Waccabuc can benefit from Ownwell’s expertise in property tax appeals and exemptions. By leveraging local market data and property assessments, Ownwell helps identify potential savings and reduce the tax burden. Our experienced consultants ensure that homeowners are not overpaying by thoroughly reviewing their property assessments and advocating for fair valuations. This personalized service can lead to significant savings and financial relief for homeowners.
Average Waccabuc Tax Bill
$23,717
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 Waccabuc, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10597 | $16,182 | $19,202 | $23,717 | $35,238 | $49,982 |
Source: Ownwell
$1,148
Average Waccabuc 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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