Home Buying in 10541>Question Details

Karin, Home Buyer in 10541

what are the property taxes for rye ny?

Asked by Karin, 10541 Fri Oct 22, 2010

Help the community by answering this question:


The property taxes will vary depending on the assessed value of the property. This is set by the town assessor. You can call the assessors office and find out what is the "mill rate" for Rye. They will give you a figure that is so much per thousand of assessed value. As an example if the mil rate was $30 per thousand, then a house assessed at $500,000 would have taxes of $15,000 per year. 500 x $30. This would not include a STAR exemption available to New York State homeowners on their primary residence. You could also ask the assessor what the basic STAR exemption is for Rye. In order to find the actual amount of taxes on any property you would need the assessed value and the mill rate. You could also call the receiver of taxes on a specific property.

I must stress, the only problem with the mill rate formula is that some towns have special districts for water, sewer or whatever. The overall mill rate would not include special districts if there are any. I'd also like to add that the assessed value of a home does not usually represent it's current market value. Many towns have not updated their assessments for years or decades and they have some convoluted way of calculating the current assessment.

Don Mituzas
Licensed Associate Broker
Prudential Serls Prime Properties
Cell: 845-222-0114
Web Reference: http://www.nyhomeseller.com
1 vote Thank Flag Link Fri Dec 3, 2010
Property Taxes are specific to an individual property. That's to say that two homes, even if on the same street, can have very different taxes.

Most of our web sites do show the taxes. If you are not finding them, please feel free to search our company site as I know it is displayed there.

All the best.
Web Reference: http://www.slpnyct.com
1 vote Thank Flag Link Fri Oct 22, 2010
Do keep in mind taxes do vary based on location, property size, upgrades, schools, etc.; for additional information check with the local tax assessor's office, or your agent can help property by property.
0 votes Thank Flag Link Fri Oct 22, 2010
Hi Karin,

You can contact the tax assessor's office for more information. Here is the link:


Robin Lynch
Keller Williams Realty Group
0 votes Thank Flag Link Fri Oct 22, 2010
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