Baldwin, New York Property Taxes
The median property tax rate in Baldwin, NY is 2.59%, 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 Baldwin at $475,000, the typical annual property tax bill reaches $12,113, exceeding the national median of $2,690. Property taxes in 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 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 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
Baldwin, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.59%
Estimate Property Tax Bill
$12,303
$12,164
$1,148
Average Baldwin, New York Tax Savings
Ownwell’s Baldwin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Baldwin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in 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 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 Baldwin, New York
Property taxes in Baldwin, 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 Baldwin is 2.59%, significantly higher than the U.S. national median of 0.99%. Local government entities within Baldwin set these rates annually, and they can vary significantly across different neighborhoods. Each year, 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 Baldwin's effective property tax rate to other regions and the national median. For comparison, the zip code 11510 has the highest median property tax rate of 2.59%, while the same zip code also has the lowest median tax rate of 2.59%. Understanding how these rates compare with 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 Baldwin Tax Rate
2.59%
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 Baldwin, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11510 | 2.00% | 2.34% | 2.59% | 2.84% | 3.02% |
Source: Ownwell
$1,148
Average Baldwin Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Baldwin, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Baldwin, New York. 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 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. Baldwin's median home price stands at $475,000, with tax bills ranging from $10,140 at the 25th percentile to $15,678 at the 90th percentile. The highest and lowest median tax bills are both $12,113, found in the zip code 11510. 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 Baldwin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Baldwin Assessed Value
$475,000
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 Baldwin, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11510 | $361,520 | $421,000 | $475,000 | $521,000 | $572,000 |
Source: Ownwell
$1,148
Average Baldwin Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Baldwin, New York
In Baldwin, NY, property tax bills are calculated based on the assessed value of the property and the local tax rate. Homeowners in Baldwin, located in Nassau County, face a median property tax bill of $12,113, significantly higher than the national median property tax rate of 0.99%. Factors such as the property's assessed value, local tax levies, and any applicable exemptions play crucial roles in determining the final tax bill. For instance, a home valued at the median price of $475,000 can expect a tax bill ranging from $10,140 at the 25th percentile to $15,678 at the 90th percentile. High property tax bills can be a financial burden for homeowners, but Ownwell offers a solution. By providing professional property tax appeal and exemption services, Ownwell helps homeowners ensure their property is fairly assessed and that they are not overpaying. Through accurate evaluations and effective appeals, Ownwell can significantly reduce property tax bills, offering substantial savings and peace of mind to homeowners in Baldwin.
Average Baldwin Tax Bill
$12,113
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 Baldwin, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11510 | $8,245 | $10,140 | $12,113 | $13,914 | $15,678 |
Source: Ownwell
$1,148
Average 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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