Long Beach, New York Property Taxes
The median property tax rate in Long Beach, NY is 1.35%, 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 Long Beach at $565,000, the typical annual property tax bill reaches $7,217, exceeding the national median of $2,690. Property taxes in Long Beach 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 Long Beach'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 Long Beach 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
Long Beach, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$7,628
$7,542
$1,148
Average Long Beach, New York Tax Savings
Ownwell’s Long Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Long Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Long Beach 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 Long Beach. 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 Long Beach, New York
Property taxes in Long Beach, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Long Beach is 1.35%, higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Long Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Long Beach 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 Long Beach's effective property tax rate to other counties in New York and the national median. For comparison, the 11561 zip code has the highest median property tax rate of 1.35%, while the 11561 zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Long Beach 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 Long Beach Tax Rate
1.35%
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 Long Beach, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11561 | 1.05% | 1.21% | 1.35% | 1.51% | 2.25% |
Source: Ownwell
$1,148
Average Long Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Long Beach, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Long Beach, NY. 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. Assessment notices in Long Beach 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. Being aware of these valuation processes in Long Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Long Beach stands at $565,000, with the highest and lowest median tax bills both being $7,217 in zip code 11561.
Property Tax Assessment Values Across Long Beach, New York
Source: Ownwell
$37,000
$1,990,750
$3,944,500
Average Long Beach Assessed Value
$565,000
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 Long Beach, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11561 | $152,500 | $445,000 | $565,000 | $673,000 | $783,000 |
Source: Ownwell
$1,148
Average Long Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Long Beach, New York
In Long Beach, Nassau County, NY, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor's office and reflects a percentage of the property's market value. Nassau County's median home price stands at $565,000, contributing to significant property tax bills. For instance, the 25th percentile tax bill is $5,521, while the 75th percentile reaches $8,811, and the 90th percentile soars to $10,393. These figures are notably higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including property location, improvements, and market trends. High property taxes can be a burden for homeowners, impacting their financial stability and home affordability. Ownwell assists homeowners by providing expert property tax appeal and exemption services, potentially lowering their tax bills. By leveraging local market insights and legal expertise, Ownwell ensures homeowners pay only their fair share, offering substantial savings and financial relief.
Average Long Beach Tax Bill
$7,217
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 Long Beach, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11561 | $3,143 | $5,521 | $7,217 | $8,811 | $10,393 |
Source: Ownwell
$1,148
Average Long Beach 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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