Property Taxes in Millwood, New York
Median Millwood, New York effective property tax rate: 0.27%, significantly lower than the national median of 1.02%, and lower than the New York state median of 1.90%.
Median Millwood, New York home value: $731,699
Median annual Millwood, New York tax bill: $1,986, $414 lower than the national median property tax bill of $2,400.
How are property taxes in Westchester calculated?
Property taxes in Millwood, New York 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 Millwood's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Millwood, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Millwood Property Tax Calculator Work?
Use this Millwood property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Millwood's median effective tax rate of 0.27% — based on actual property records in Westchester County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Millwood's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Millwood: rates range from 0.27% in 10546 to 0.27% in 10546, primarily due to differences in school district levies and local assessment districts. Millwood's median property tax bill is $1,986, which is $414 lower than the New York state median and below the national median property tax bill of $2,400.
If your estimate is higher than expected, Ownwell can appeal your Millwood assessment — you only pay if we save you money.
About Millwood Property Taxes
About Property Taxes in Millwood, Westchester, New York
Millwood’s median effective property tax rate of 0.27% is lower than the New York state median of 1.90% and lower than the national median of 1.02%. This rate reflects the Westchester County base levy combined with local school district levies and special district levies that vary by subdivision throughout the city.
Property tax rates are not uniform across Millwood. Homeowners in the 10546 ZIP code carry a median effective rate of 0.27%, while those in the same ZIP code pay 0.27%. This reflects how school district boundaries and local assessment districts are drawn across Westchester County. Understanding which part of Millwood you live in can make a meaningful difference to your annual tax bill.
Millwood homeowners who believe their assessed value is too high can file a formal appeal with the local Assessment Review Commission.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Millwood, Westchester County, New York
As noted earlier, 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.
Below, you can compare Millwood's effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S.
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 Millwood Tax Rate
0.27%
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
1.65%
Median Effective New York Tax Rate
1.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Millwood, Westchester County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10546 | 0.27% | 0.27% | 0.27% | 0.27% | 0.27% |
Source: Ownwell
Save on Your Property Taxes and More With Ownwell
$774
Average Annual Tax Savings
Property Tax Assessment Values Across Millwood, Westchester County, New York
When examining property taxes in Millwood, New York, 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 district 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 the month.
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. For Millwood homeowners, the median home price is $731,699, while the median property tax bill is $1,986. That bill sits below the national median property tax bill of $2,400, and the county’s tax bills range from $945 at the 25th percentile to $3,215 at the 90th percentile.
Property Tax Assessment Values Across Millwood, Westchester County, New York
Source: Ownwell
$151,450
$988,424
$1,825,397
Median Millwood Market Value
$731,699
Median Westchester County Market Value
$638,095
Median New York Market Value
$312,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Millwood, Westchester County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10546 | $268,457 | $344,271 | $731,699 | $987,918 | $1,170,007 |
Source: Ownwell
Save on Your Property Taxes and More With Ownwell
$774
Average Annual Tax Savings
Property Tax Bills Across Millwood, Westchester County, New York
Property tax bills in Millwood are based on the assessed value of a home and the local tax rate set by taxing authorities. For a home with a median home price of $731,699, the bill can vary widely depending on the property’s assessed market value and any exemptions the homeowner receives. In Millwood, the 25th percentile tax bill is $945, while the 75th percentile is $2,692 and the 90th percentile reaches $3,215. That means homeowners with similar homes can still see very different bills.
These taxes fund local services, but a higher assessed value can increase what you owe each year. Compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400, Millwood homeowners may pay more or less depending on their assessment.
Ownwell helps homeowners review their assessments, identify savings opportunities, and file property tax appeals and exemptions to lower their bills.
Median Millwood Tax Bill
$1,986
Median Westchester County Tax Bill
$9,223
Median New York Tax Bill
$5,420
Median United States Tax Bill
$3,209
Property Tax Bills Across Millwood, Westchester County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10546 | $735 | $945 | $1,986 | $2,692 | $3,215 |
Source: Ownwell
Save on Your Property Taxes and More With Ownwell
$774
Average Annual Tax Savings
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Westchester Assessment Review Commission | |
| Website | experience.arcgis.com |