Cedarhurst, New York Property Taxes
The median property tax rate in Cedarhurst, NY is 1.28%, considerably higher than the national median of 0.99% but lower than the New York state median of 2.39%. With the median home value in Cedarhurst at $732,000, the typical annual property tax bill reaches $9,240, significantly exceeding the national median of $2,690. Property taxes in Cedarhurst are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cedarhurst's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Cedarhurst or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cedarhurst, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$9,370
$9,264
$1,148
Average Cedarhurst, New York Tax Savings
Ownwell’s Cedarhurst Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cedarhurst with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cedarhurst to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Cedarhurst. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Cedarhurst, New York
Property taxes in Cedarhurst, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cedarhurst is 1.28%, which is higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Cedarhurst set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cedarhurst estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Cedarhurst's effective property tax rate to other areas in New York and the national median. For comparison, the 11516 zip code has the highest median property tax rate of 1.28%, while the same zip code also has the lowest median tax rate of 1.28%. Understanding how these areas compare with Cedarhurst provides valuable insights into the varying tax landscape across Nassau County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cedarhurst Tax Rate
1.28%
Average Nassau County Tax Rate
2.10%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cedarhurst, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11516 | 1.08% | 1.19% | 1.28% | 1.36% | 1.45% |
Source: Ownwell
$1,148
Average Cedarhurst Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Cedarhurst, New York
In Cedarhurst, New York, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Nassau County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Cedarhurst, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in Cedarhurst is $732,000, with tax bills ranging from $7,624 at the 25th percentile to $13,347 at the 90th percentile. The zip code 11516 has both the highest and lowest median tax bill at $9,240. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Cedarhurst helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Cedarhurst, New York
Source: Ownwell
$37,000
$1,990,750
$3,944,500
Average Cedarhurst Assessed Value
$732,000
Average Nassau County Assessed Value
$537,000
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cedarhurst, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11516 | $542,000 | $638,000 | $732,000 | $856,000 | $1,017,600 |
Source: Ownwell
$1,148
Average Cedarhurst Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Cedarhurst, New York
In Cedarhurst, Nassau County, NY, property tax bills are calculated based on the assessed value of a home, which is then multiplied by the local tax rate. Factors such as the home's market value, any exemptions, and the specific tax rates set by local taxing authorities play a crucial role in determining the final tax bill. With a median home price of $732,000, homeowners in Cedarhurst can expect varying tax bills, with the 25th percentile at $7,624 and the 75th percentile reaching up to $11,106. The highest median tax bill in the area is $9,240, which is significantly higher than the national median property tax rate of 0.99%. Homeowners often find these tax bills burdensome. Ownwell can help by providing expert property tax appeal and exemption services, ensuring that assessments are fair and accurate. By leveraging local knowledge and expertise, Ownwell can identify potential savings and assist homeowners in reducing their property tax liabilities, making homeownership more affordable.
Average Cedarhurst Tax Bill
$9,240
Average Nassau County Tax Bill
$11,613
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Cedarhurst, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11516 | $6,021 | $7,624 | $9,240 | $11,106 | $13,347 |
Source: Ownwell
$1,148
Average Cedarhurst Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to file a grievance!
Dates | |
|---|---|
| Appeal Deadline | March 18 |
Links | |
|---|---|
| Nassau Assessment Review Commission | |
| Website | lrv.nassaucountyny.gov |
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