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Old 02-26-2018, 11:15 AM
 
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Does anyone have any firsthand insight in regard to property tax rates in Greenburgh (Hastings, Tarrytown, Dobbs, etc.)? I read an article awhile back that cited some fairly high rate increases - as well as shift to using market values as opposed to assessed values. Link is below.

A First Peek At Projected Greenburgh Property Tax Rates | The Hudson Independent
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Old 03-06-2018, 08:53 AM
 
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Generally the assessor assigned a "market value" ie MV, to a property, then the assessed value is calculated as the following

MV x RAR = AV

RAR is assigned by the state. Its usually a small number, like 0.15. Tax used to be calculated using AV, now they are calculated using MV.

This doesnt change the tax rate by itself. It's just a different method. That's why when you look at tax rates for various towns in Wchester, some will have tax rate of $300 per $1000 while others will have $3 per $1000.
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Old 03-06-2018, 10:04 AM
 
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It sounds like Greenburgh changed the assessment methodology in 2016. It's now based entirely off of market value (Assessor's Office - Town of Greenburgh)

Like the article says, that would imply a $1mm house in Dobbs would carry a $37k tax bill? That's easily the highest I've seen in all of Westchester
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Old 03-06-2018, 09:36 PM
 
372 posts, read 384,154 times
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Quote:
Originally Posted by mlamb93 View Post
It sounds like Greenburgh changed the assessment methodology in 2016. It's now based entirely off of market value (Assessor's Office - Town of Greenburgh)

Like the article says, that would imply a $1mm house in Dobbs would carry a $37k tax bill? That's easily the highest I've seen in all of Westchester
37k sounds a little high, i think it's closer to like 3.3pc but I could be wrong. Generally Dobbs tax is a little higher than Irvington or Hastings as a % of home value, but homes in Dobbs are generally cheaper. Tax rate in all these towns are slightly above 3pc.
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