Plandome, New York Property Taxes
The median property tax rate in Plandome, NY is 1.09%, 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 Plandome at $2,371,500, the typical annual property tax bill reaches $27,342, exceeding the national median of $2,690. Property taxes in Plandome 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 Plandome'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 Plandome 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
Plandome, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$25,849
$25,558
$1,148
Average Plandome, New York Tax Savings
Ownwell’s Plandome Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Plandome with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Plandome 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 Plandome. 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 Plandome, New York
Property taxes in Plandome, 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 Plandome is 1.09%, higher than the U.S. national median of 0.99%. Local government entities within Plandome set these rates annually, and they can vary significantly across different neighborhoods. Each year, Plandome 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 Plandome's effective property tax rate to other counties in New York and the national median. For comparison, the 11030 zip code has the highest median property tax rate of 1.09%, while the same zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Plandome 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 Plandome Tax Rate
1.09%
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 Plandome, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11030 | 0.94% | 1.00% | 1.09% | 1.19% | 1.24% |
Source: Ownwell
$1,148
Average Plandome Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Plandome, New York
In Plandome, 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 Plandome, 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. Being aware of these valuation processes in Plandome helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both stand at $27,342 in the 11030 zip code, with the median home price at $2,371,500.
Average Plandome Assessed Value
$2,371,500
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 Plandome, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11030 | $1,559,700 | $1,882,750 | $2,371,500 | $2,832,250 | $3,098,300 |
Source: Ownwell
$1,148
Average Plandome Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Plandome, New York
In Plandome, NY, property tax bills are calculated based on the assessed value of your home and the local tax rate. With the median home price at $2,371,500, homeowners often face substantial tax bills. Factors such as property improvements, neighborhood changes, and market conditions can influence the assessed value. For instance, the 25th percentile tax bill is $19,823, while the 75th percentile reaches $31,378, and the 90th percentile climbs to $35,612. These figures are significantly higher than the national median property tax rate of 0.99%. High property taxes can strain homeowners financially, but Ownwell offers solutions to alleviate this burden. By leveraging local expertise, Ownwell helps homeowners navigate the complexities of property tax appeals and exemptions. This can lead to substantial savings, ensuring that you only pay your fair share. Whether it's challenging an inaccurate assessment or identifying eligible exemptions, Ownwell provides the support you need to lower your property tax bill effectively.
Average Plandome Tax Bill
$27,342
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 Plandome, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11030 | $15,646 | $19,823 | $27,342 | $31,378 | $35,612 |
Source: Ownwell
$1,148
Average Plandome 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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