Stewart Manor, New York Property Taxes
The median property tax rate in Stewart Manor, NY is 1.55%, 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 Stewart Manor, the typical annual property tax bill reaches $10,531, exceeding the national median of $2,690. Property taxes in Stewart Manor 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 Stewart Manor'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 Stewart Manor 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
Stewart Manor, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.55%
Estimate Property Tax Bill
$10,191
$10,076
$1,148
Average Stewart Manor, New York Tax Savings
Ownwell’s Stewart Manor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stewart Manor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stewart Manor 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 Stewart Manor. 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 Stewart Manor, New York
Property taxes in Stewart Manor, 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 Stewart Manor stands at 1.55%, significantly higher than the U.S. national median of 0.99%. Local government entities within Stewart Manor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stewart Manor 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 Stewart Manor's effective property tax rate to other areas in New York and the national median. For comparison, the highest median property tax rate in Nassau County is also 1.55%, found in the zip code 11530, while the lowest median tax rate is the same at 1.55%, also in the zip code 11530. Understanding how these cities compare with Stewart Manor 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 Stewart Manor Tax Rate
1.55%
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 Stewart Manor, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11530 | 1.31% | 1.39% | 1.55% | 1.74% | 1.83% |
Source: Ownwell
$1,148
Average Stewart Manor Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Stewart Manor, New York
In Stewart Manor, 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. In Stewart Manor, 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 Stewart Manor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Stewart Manor is $657,500, with annual property tax bills ranging from $10,004 at the 25th percentile to $12,961 at the 90th percentile. The zip code 11530 has the highest and lowest median tax bill at $10,531.
Property Tax Assessment Values Across Stewart Manor, New York
Source: Ownwell
$37,000
$1,990,750
$3,944,500
Average Stewart Manor Assessed Value
$657,500
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 Stewart Manor, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11530 | $566,500 | $598,000 | $657,500 | $762,500 | $820,500 |
Source: Ownwell
$1,148
Average Stewart Manor Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Stewart Manor, New York
In Stewart Manor, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the Nassau County assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. Homeowners in Stewart Manor face considerable property tax bills, with the median home price at $657,500 resulting in tax bills ranging from $10,004 at the 25th percentile to $12,961 at the 90th percentile. These figures are significantly higher than the national median property tax rate of 0.99%. High property taxes can be a burden for homeowners, but Ownwell can help. By providing expert property tax appeal and exemption services, Ownwell ensures that homeowners only pay their fair share. Our team reviews your property’s assessed value, identifies discrepancies, and files appeals on your behalf, potentially saving you hundreds or even thousands of dollars annually. Let Ownwell help you reduce your property tax burden.
Average Stewart Manor Tax Bill
$10,531
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 Stewart Manor, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11530 | $8,677 | $10,004 | $10,531 | $11,419 | $12,961 |
Source: Ownwell
$1,148
Average Stewart Manor 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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