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Yonkers, Westchester County, New York Property Taxes

  • Median Yonkers, NY effective property tax rate: 0.34%, significantly lower than the national median of 1.02%, but lower than the NY state median of 2.39%.

  • Median Yonkers, NY home value: $536,842

  • Median annual Yonkers, NY tax bill: $1,814, $586 lower than the national median property tax bill of $2,400.

How are property taxes in Westchester calculated?

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

Last Updated March 1, 2025

Yonkers, Westchester County, New York Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.34%

Estimate Property Tax Bill

$1,825

$1,694

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Yonkers Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Yonkers with just two data points. By entering your property's estimated assessed value, our calculator applies Yonkers’ 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 County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Yonkers, Westchester County, New York

Local government entities determine tax rates, leading to significant variations within New York. Why? Each year, counties like Westchester assess their budgetary needs for essential services and divide these by the total assessed value of taxable property within their jurisdiction. This calculation forms the foundation of the property tax rate. While setting tax rates and budgets involves votes and legal frameworks, this annual process captures the essence of how property taxes are determined.

In Yonkers, nestled in Westchester County, the effective property tax rate stands out when compared to other cities across New York. The median property tax rate in New York is notably lower than the national median of 1.02%. Additionally, Yonkers' property tax bills often exceed the national median bill of $2400, reflecting the area's higher property values and the corresponding financial demands on local governance. Understanding these dynamics is crucial for homeowners seeking to manage their tax liabilities effectively, ensuring they are not overburdened by their property tax obligations.

Property Tax Rates Across Yonkers, 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 Yonkers Tax Rate

0.34%

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 Yonkers, Westchester County, New York

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
107010.34%0.34%0.35%0.35%0.38%
107030.34%0.34%0.35%0.35%0.35%
107040.31%0.34%0.34%0.34%0.34%
107050.34%0.34%0.34%0.34%0.34%
107070.34%0.34%0.34%0.34%0.34%
107100.32%0.34%0.34%0.34%0.35%

Source: Ownwell

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

When examining property taxes in Yonkers, 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 Board of Assessment Review 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. Assessment notices: In Westchester County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Yonkers. For example, the median home price in Yonkers is $536,842, with tax bills ranging significantly across the county. Zip code 10707 has the highest median home price at $700,000.

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

Source: Ownwell

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$143,650

$852,438

$1,561,225

Median Yonkers Market Value

$536,842

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 Yonkers, Westchester County, New York

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
10701$115,221$253,842$473,684$594,737$731,579
10703$204,263$394,737$505,000$597,921$705,263
10704$368,421$457,895$542,106$657,894$789,473
10705$365,663$458,869$552,631$646,210$742,105
10707$577,895$636,842$700,000$771,052$916,669
10710$382,631$500,000$578,948$668,421$768,421

Source: Ownwell

Property Tax Bills Across Yonkers, Westchester County, New York

In Yonkers, property tax bills are determined by assessing the market value of a property and applying the local tax rate. The tax rate is influenced by the city's budgetary needs, impacting how much homeowners pay annually. For example, the median property tax bill in Yonkers is $2,388, significantly higher than the national median of $2,400. Tax bills can vary widely, with the 25th percentile at $1,428 and the 90th percentile reaching $2,585. Factors such as property location, improvements, and neighborhood developments can influence the assessed value, thereby affecting the tax bill. Homeowners in Yonkers may find these expenses burdensome, particularly when compared to the national median tax rate of 1.02%. Ownwell assists homeowners by offering property tax appeal services, potentially lowering their tax bills. By analyzing property assessments and market data, Ownwell identifies discrepancies and advocates for fairer valuations, helping homeowners save money. This service is especially valuable in areas like Yonkers, where property taxes are notably high.

Property Tax Bills Across Yonkers, Westchester County, New York

Source: Ownwell

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$739

$15,742

$30,745

Median Yonkers Tax Bill

$1,814

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 Yonkers, Westchester County, New York

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
10701$394$890$1,642$2,047$2,514
10703$682$1,338$1,734$2,065$2,464
10704$1,131$1,508$1,815$2,214$2,694
10705$1,180$1,537$1,868$2,199$2,549
10707$1,972$2,173$2,388$2,631$3,128
10710$1,169$1,661$1,948$2,245$2,604

Source: Ownwell

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