Garden City, New York Property Taxes
The median property tax rate in Garden City, NY is 1.46%, considerably higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Garden City at $832,000, the typical annual property tax bill reaches $12,269, exceeding the national median of $2,690. Property taxes in Garden City 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 Garden City'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 Garden City or another part of Nassau County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Garden City, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.46%
Estimate Property Tax Bill
$12,147
$12,010
$1,148
Average Garden City, New York Tax Savings
Ownwell’s Garden City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Garden City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Garden City 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 Garden City. 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 Garden City, New York
Property taxes in Garden City, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Garden City is 1.46%, significantly higher than the U.S. national median of 0.99%. Local government entities within Garden City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Garden City 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 Garden City's effective property tax rate to other areas in Nassau County and the national median. For comparison, the zip code 11530 has the highest median property tax rate of 1.46%, while the same zip code also has the lowest median tax rate of 1.46%. Understanding how these rates compare within Nassau County provides valuable insights into the varying tax landscape across the region, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Garden City Tax Rate
1.46%
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 Garden City, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11530 | 1.26% | 1.36% | 1.46% | 1.61% | 2.05% |
Source: Ownwell
$1,148
Average Garden City Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Garden City, New York
In Garden City, 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 Garden City, 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The highest median tax bill in Garden City is $12,269, and the lowest median tax bill is also $12,269, both in zip code 11530. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Garden City, New York
Source: Ownwell
$37,000
$1,990,750
$3,944,500
Average Garden City Assessed Value
$832,000
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 Garden City, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11530 | $548,000 | $684,000 | $832,000 | $1,034,000 | $1,295,000 |
Source: Ownwell
$1,148
Average Garden City Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Garden City, New York
In Garden City, Nassau County, NY, property tax bills are determined based on the assessed value of a home and the local tax rate. With a median home price of $832,000, homeowners face substantial tax bills. For instance, the 25th percentile tax bill is $10,452, while the 75th percentile reaches $14,903, and the 90th percentile climbs to $18,615. These figures are significantly higher than the national median property tax rate of 0.99%, reflecting the high property values and corresponding taxes in the area. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. High property taxes can have a considerable impact on homeowners, making it essential to ensure that assessments are accurate and fair. Ownwell can help homeowners in Garden City save on their property tax bills by providing expert property tax appeal and exemption services. By challenging over-assessments and identifying eligible exemptions, Ownwell ensures that homeowners pay only their fair share, potentially saving them thousands of dollars annually.
Average Garden City Tax Bill
$12,269
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 Garden City, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11530 | $8,583 | $10,452 | $12,269 | $14,903 | $18,615 |
Source: Ownwell
$1,148
Average Garden City 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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