Syosset, New York Property Taxes
The median property tax rate in Syosset, NY is 2.60%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Syosset at $721,000, the typical annual property tax bill reaches $19,042, far exceeding the national median of $2,690. Property taxes in Syosset are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Syosset'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 Syosset 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
Syosset, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.6%
Estimate Property Tax Bill
$18,746
$18,535
$1,148
Average Syosset, New York Tax Savings
Ownwell’s Syosset Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Syosset with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Syosset to provide an estimated 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 Syosset. 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 Syosset, New York
Property taxes in Syosset, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Syosset is 2.60%, significantly higher than the U.S. national median of 0.99%. Local government entities within Syosset set these rates annually, and they can vary significantly across different neighborhoods. Each year, Syosset 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 Syosset's effective property tax rate to other areas in Nassau County and the national median. For comparison, the 11791 zip code has the highest median property tax rate of 2.60%, while the same zip code also has the lowest median tax rate of 2.60%. Understanding how these areas compare with Syosset 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 Syosset Tax Rate
2.60%
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 Syosset, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11791 | 1.93% | 2.35% | 2.60% | 2.78% | 2.92% |
Source: Ownwell
$1,148
Average Syosset Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Syosset, New York
In Syosset, 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 Syosset, 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 Syosset helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 11791 in Syosset has both the highest and lowest median tax bill at $19,042, which is significantly higher than the national median property tax rate of 0.99%.
Average Syosset Assessed Value
$721,000
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 Syosset, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11791 | $561,000 | $629,000 | $721,000 | $972,000 | $1,440,000 |
Source: Ownwell
$1,148
Average Syosset Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Syosset, New York
Property tax bills in Syosset, located in Nassau County, NY, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the property's market value, and the current median home price in Syosset is $721,000. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Syosset face some of the highest property tax bills in the nation, with the median tax bill in the area being $19,042, significantly higher than the national median property tax rate of 0.99%. Ownwell can help homeowners in Syosset reduce their property tax bills by providing expert property tax appeal and exemption services. Our team analyzes your property’s assessed value, compares it with similar properties, and identifies discrepancies. We then file appeals on your behalf, potentially lowering your tax bill. By leveraging Ownwell's expertise, homeowners can save significantly, ensuring they only pay their fair share of property taxes.
Average Syosset Tax Bill
$19,042
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 Syosset, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11791 | $13,994 | $16,301 | $19,042 | $24,268 | $32,552 |
Source: Ownwell
$1,148
Average Syosset 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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