North Baldwin, New York Property Taxes
The median property tax rate in North Baldwin, NY is 2.62%, 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 North Baldwin at $445,000, the typical annual property tax bill reaches $11,526, far exceeding the national median of $2,690. Property taxes in North Baldwin 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 North Baldwin'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 North Baldwin 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
North Baldwin, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.62%
Estimate Property Tax Bill
$11,659
$11,528
$1,148
Average North Baldwin, New York Tax Savings
Ownwell’s North Baldwin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Baldwin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Baldwin 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 North Baldwin. 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 North Baldwin, New York
Property taxes in North Baldwin, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Baldwin is 2.62%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within North Baldwin set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Baldwin 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 North Baldwin's effective property tax rate to other counties in New York and the national median. For comparison, the 11510 zip code has the highest median property tax rate of 2.62%, while the same 11510 zip code also has the lowest median tax rate of 2.62%. Understanding how these cities compare with North Baldwin 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 North Baldwin Tax Rate
2.62%
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 North Baldwin, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11510 | 2.00% | 2.35% | 2.62% | 2.82% | 3.01% |
Source: Ownwell
$1,148
Average North Baldwin Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across North Baldwin, New York
In North Baldwin, 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 Assessment Department 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 North Baldwin, 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. For instance, North Baldwin's median home price is $445,000, with tax bills ranging from $10,002 at the 25th percentile to $14,397 at the 90th percentile. Notably, the zip code 11510 has both the highest and lowest median tax bill at $11,526. 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 North Baldwin, New York
Source: Ownwell
$37,000
$1,990,750
$3,944,500
Average North Baldwin Assessed Value
$445,000
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 North Baldwin, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11510 | $387,700 | $416,000 | $445,000 | $480,000 | $516,000 |
Source: Ownwell
$1,148
Average North Baldwin Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across North Baldwin, New York
In North Baldwin, Nassau County, NY, property tax bills are calculated based on the assessed value of your home, which is determined by local assessors. The median home price in the area is $445,000. Factors such as property size, location, and market conditions influence the assessed value. Homeowners in North Baldwin face some of the highest property tax bills in the nation, with the median tax bill reaching $11,526 annually. This is significantly higher than the national median property tax rate of 0.99%. High property taxes can be a burden on homeowners, affecting their overall financial health. Ownwell offers expert property tax appeal and exemption services to help homeowners in North Baldwin reduce their tax bills. By analyzing your property’s assessed value and identifying discrepancies, Ownwell can assist in filing appeals to ensure you are not overpaying. This service can potentially save homeowners thousands of dollars, making property ownership more affordable and less stressful.
Average North Baldwin Tax Bill
$11,526
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 North Baldwin, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11510 | $8,211 | $10,002 | $11,526 | $13,039 | $14,397 |
Source: Ownwell
$1,148
Average North Baldwin 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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