Understanding Your Real Estate Taxes Plus November Home Sales

How does the explosion in home prices affect your taxes? Assessor Victoria Sirota briefed Trustees at a work session of the Village Board on November 4, 2025 and explained how the Village determines your taxes each year.

She explained that Scarsdale’s equalization rate has changed dramatically since 2020 when assessments and market values were equal. Given the dramatic rise in home prices, the state has determined that the full market value of all Scarsdale real estate is now $13 billion, up from $9 billion in 2020.

By 2025, individual home assessments (the number you see on the property section of the Village website) has fallen to 70% of the full value upon which your taxes are based.

So to determine the full value for your home, divide your assessment by 69.73% which is Scarsdale’s current equalization rate as assigned by the state.

As an example, a home with an 2025 assessed value of $1.3mm, has an equivalent full value of $1,864,333 in 2025 ($1.3mm/.6975). Using the tax rate of .27904 it would have a 2025 tax bill of $36,275. Each year the equalization rate changes, along with the homes full value. Your assessment does not change annually unless you do a construction project. The assessment does not even change at the time of sale - based on the sale price.

Want to learn more? Watch the presentation here: https://scarsdaleny.new.swagit.com/videos/360255

Sold: 

27 Fairview Road: Elegant and timeless Colonial nestled in Greenacres. Fully renovated in 2005 with a slate roof, this 6 bedroom, 6 1/2 bath home set on a level, .47 acre lot seamlessly blends classic architectural details and modern functionality. A gracious foyer with herringbone wood floors sets a welcoming tone, offering views from the front entry straight through to the lush, private backyard. The formal living room features an oversized wood-burning fireplace and French doors that open to a charming courtyard. Adjoining the living room, the sunroom is framed by three walls of casement windows and bathed in natural light, well-suited for a home office or intimate gatherings. The formal dining room impresses with coffered ceilings and dual French doors that open to the foyer and butler’s pantry, creating a wonderful flow for entertaining. Adjacent to the butler’s pantry is an expansive, open-concept eat-in kitchen/family room, and dining area curated for effortless everyday living and easy entertaining. The kitchen is equipped with premium stainless steel appliances, including a Viking six-burner range with professional hood, Sub-Zero fridge/freezer, Asko dishwasher, sink with disposal, and a microwave discreetly tucked behind a cabinet door. A generous island, custom cabinetry, pantry with pull-outs and a built-in desk enhance the style and function of the kitchen. The adjoining family room offers a warm and inviting space to gather, complete with a wood-burning fireplace and two sets of French doors that open to the patio and expansive backyard—thoughtfully designed for indoor-outdoor living. The dining area is perfectly positioned for casual meals and gatherings, with its own French doors opening to the courtyard. A powder room, mudroom and the attached two-car garage complete this level. The second level features a luxurious primary suite with vaulted ceiling, two walk-in closets and a spa-like ensuite bath, complete with two vanities, soaking tub, large separate shower, and private water closet plus a lounge-style sitting room with a media center for relaxing or unwinding in ease. Three additional ensuite bedrooms provide comfort and privacy, each with a full bath with tub/shower. A hall linen closet adds extra convenience to this beautifully appointed level. The third level offers a private and flexible layout featuring an additional bedroom, full bath, secluded office—perfect for working from home or creative pursuits—and convenient attic storage. The finished lower level includes a generous, carpeted recreation room, additional bedroom, full bath, wine cellar, and dedicated laundry room. 

Sale Price: $3,625,000
Real Estate Taxes: $52,296
Assessment Value: $1,900,000

247 Nelson Road  Experience refined living in this newly constructed Colonial nestled in prestigious Scarsdale Village. Expertly designed with impeccable finishes, showcases rich hardwood floors, soaring ceilings, and an effortless open layout. The grand living room leads to a custom mudroom, chic powder room, and attached garage. A stunning gourmet kitchen dazzles with Thermador appliances, quartz countertops, and an oversized waterfall island with breakfast bar—seamlessly opening to a sunlit family room with gas fireplace and sliding doors to a private trex deck and landscaped backyard. Upstairs, the lavish primary suite features 2 walk-in closets and a spa-like bath with radiant heated floors, dual vanities, soaking tub, and glass enclosed shower. Three additional bedrooms, including one ensuite, and laundry room complete the second floor. The expansive lower level offers a bedroom, playroom, full bath, and abundant storage. The house is prewired for audio, wifi camera, and an alarm system, and has a multi zone lawn sprinkler system. Step into a lifestyle of elegance, comfort, and timeless sophistication in one of Westchester's most sought after communities.
Sale Price: $2,440,000
Real Estate Taxes: $19,955
Assessment Value: $725,000 

229 Mamaroneck Road  A rare opportunity in Scarsdale! Welcome to this lovingly maintained residence offering one level living located in the heart of the award-winning Scarsdale School District. This unique property offers LOW TAXES, a perfectly flat and private yard, and the hard-to-find convenience and comfort of single-floor living. Nestled on 0.3 acre, the completely level and beautifully landscaped property offers ample room for outdoor enjoyment AND great potential for expansion! Set back from the road, screened with lush hedges, and generous land on both sides surrounding the property, this charming residence truly offers the luxury of privacy. Ideally located within Scarsdale's sought-after Quaker Ridge neighborhood, this residence offers airy, expansive, and comfortable spaces with views of the lovely front and backyard. Inside, the entry vestibule opens to a sun-filled layout complete with well-proportioned interior spaces including a formal dining room, an expansive formal living room with a fireplace, a large screened sun room/porch, and an updated eat-in kitchen with access to the side yard. The generously-sized screened sun room/porch is accessible through the living room, and also adjoins the kitchen, creating the potential for a future family room or additional bedroom! Also on the main level, three bedrooms and two full bathrooms include a spacious primary bedroom with ensuite bathroom, two additional bedrooms, and a full hallway bathroom. The attached two-car garage completes the main level. The unfinished lower level offers ample storage, a utility room and space for a laundry area. Located within 35 minutes of New York City and within close proximity to public transportation, this special Scarsdale residence presents INCREDIBLE VALUE and OPPORTUNITY to create your dream home.
Sale Price: $1,500,000
Real Estate Taxes: $6,931
Assessment Value: $693,750

291 Boulevard  Welcome to this charming 3-bedroom, 2.5 bath home in the sought-after Scarsdale village. The first floor offers a spacious primary bedroom with a full bath just across the hall, featuring dual vanity sinks, a separate shower stall, and a soaking tub. Enjoy a modern granite and stainless steel kitchen with an eat-in area, a formal dining room with vaulted ceilings and picture windows showcasing flowering trees, a spacious living room with a fireplace, and a versatile den or extra bedroom with a fire place and sliding door to a 448 SQFT covered stone porch with skylights and a stone BBQ grill, overlooks a tranquil private backyard and wooded town property. Upstairs, you'll find two large bedrooms and a half bath. The basement includes a rec room, bar, half bath, and ample storage, not included in the SQFT, and a door to the utility and laundry room, connected to two garages and an additional storage room. This home offers more space and charm than meets the eye.
Sale Price: $1,350,000
Real Estate Taxes: $26,224
Assessment Value: $950,000

50 Popham Road Unit#4E  Welcome to easy living in this renovated 3 bedroom, 3 full bath co-op apartment in the heart of downtown Scarsdale village. This beautifully renovated one-level living offers the perfect blend of space, style, and location. All bedrooms feature renovated en-suite bathrooms, making this an ideal layout for privacy and comfort. The open kitchen into the dining room is perfect for everyday living and entertaining. Enjoy a sun-filled, generous living room with custom built-ins and lovely views of the tranquil courtyard and garden in back of the building. With ample closet space throughout, this home truly has it all. Move right in and enjoy this updated apartment, designed with a clean, modern aesthetic. The building offers outstanding amenities, including a newly renovated modern lobby, fitness center, and card room. Best of all, you're just steps from the Scarsdale Metro-North station, shops, restaurants, and all the conveniences of village
Sale Price: $830,000
Real Estate Taxes: $--
Assessment Value: $--

Featured Listings: 

2 Weaver Street Unit #9  Enjoy luxury living in this gorgeous three-bed, three-and-a-half bath Condo in Scarsdale’s premier building. With over 3000 square feet, this home boasts an open floor plan with high-end finishes. The foyer leads to the custom kitchen, with Thermador appliances and large island, living room with gas fireplace, and dining room. The primary suite features a spa-like bath with free standing tub, huge WICs by California Closets and French doors to the private terrace. A 2nd oversized bedroom includes an en-suite bath. A 3rd bedroom with en-suite bath, powder room and laundry room complete this stunning unit. Additional features include hardwood floors, pre-wiring for in-wall speakers, two assigned indoor parking spaces, and a storage room. The building offers amenities such as a fitness center, EV car charging, and doorman. Located at Five Corners, The Heathcote combines boutique luxury with easy access to Scarsdale’s best shopping and dining. Photos are of model unit.