Garden City South, New York Property Taxes
The median property tax rate in Garden City South, NY is 2.04%, 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 South at $485,000, the typical annual property tax bill reaches $9,895, far exceeding the national median of $2,690. Property taxes in Garden City South 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 South'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 South 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
Garden City South, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.04%
Estimate Property Tax Bill
$9,894
$9,782
$1,148
Average Garden City South, New York Tax Savings
Ownwell’s Garden City South Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Garden City South with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Garden City South 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 South. 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 South, New York
Property taxes in Garden City South, NY, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Garden City South is 2.04%, significantly higher than the U.S. national median of 0.99%. Local government entities within Garden City South set these rates annually, and they can vary significantly across different neighborhoods. Each year, Garden City South 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 South's effective property tax rate to other counties in New York and the national median. For comparison, the highest median property tax rate in the area is also 2.04%, while the lowest median tax rate is 2.04%. Understanding how these cities compare with Garden City South 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 Garden City South Tax Rate
2.04%
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 South, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11530 | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% |
Source: Ownwell
$1,148
Average Garden City South Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Garden City South, New York
In Garden City South, 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 Department of Assessment 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. Assessment notices in Garden City South 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. With a median home price of $485,000, the property tax bill can be significant, with the highest and lowest median tax bills both recorded at $9,895 in the 11530 zip code. By understanding 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 Garden City South helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Garden City South, New York
Source: Ownwell
$37,000
$1,990,750
$3,944,500
Average Garden City South Assessed Value
$485,000
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 South, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11530 | $485,000 | $485,000 | $485,000 | $485,000 | $485,000 |
Source: Ownwell
$1,148
Average Garden City South Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Garden City South, New York
In Garden City South, Nassau County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. For homeowners, the median home price is $485,000, with property tax bills typically around $9,895. This figure is significantly higher than the national median property tax rate of 0.99%, highlighting the substantial financial impact on residents. The tax bill is influenced by factors such as the property's assessed value, local tax rates, and any applicable exemptions. Homeowners in this area face one of the highest median tax bills in the country, making it crucial to ensure their property is accurately assessed. Ownwell can assist homeowners in Garden City South by providing expert property tax appeal and exemption services. By reviewing and challenging over-assessments, Ownwell helps reduce the tax burden, potentially saving homeowners thousands of dollars. With professional guidance, homeowners can navigate the complexities of property tax laws and secure the most favorable tax outcome.
Average Garden City South Tax Bill
$9,895
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 South, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11530 | $9,895 | $9,895 | $9,895 | $9,895 | $9,895 |
Source: Ownwell
$1,148
Average Garden City South 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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