East Rockaway, New York Property Taxes
The median property tax rate in East Rockaway, NY is 2.17%, 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 East Rockaway at $508,000, the typical annual property tax bill reaches $10,784, exceeding the national median of $2,690. Property taxes in East Rockaway 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 East Rockaway'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 East Rockaway 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
East Rockaway, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.17%
Estimate Property Tax Bill
$11,024
$10,899
$1,148
Average East Rockaway, New York Tax Savings
Ownwell’s East Rockaway Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Rockaway with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Rockaway 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 East Rockaway. 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 East Rockaway, New York
Property taxes in East Rockaway, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Rockaway stands at 2.17%, significantly higher than the U.S. national median of 0.99%. Local government entities within East Rockaway set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Rockaway 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 East Rockaway's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 11518 has the highest median property tax rate of 2.17%, while the same zip code also has the lowest median tax rate of 2.17%. Understanding how these cities compare with East Rockaway 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 East Rockaway Tax Rate
2.17%
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 East Rockaway, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11518 | 1.53% | 1.90% | 2.17% | 2.38% | 2.60% |
Source: Ownwell
$1,148
Average East Rockaway Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across East Rockaway, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in East Rockaway, NY. The market value represents 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 Assessor 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 East Rockaway, 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. The median home price in East Rockaway is $508,000, with tax bills ranging from $8,676 at the 25th percentile to $15,061 at the 90th percentile. Notably, the highest and lowest median tax bills both stand at $10,784 in zip code 11518. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Property Tax Assessment Values Across East Rockaway, New York
Source: Ownwell
$37,000
$1,990,750
$3,944,500
Average East Rockaway Assessed Value
$508,000
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 East Rockaway, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11518 | $367,000 | $439,000 | $508,000 | $584,000 | $669,000 |
Source: Ownwell
$1,148
Average East Rockaway Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across East Rockaway, New York
Property tax bills in East Rockaway, located in Nassau County, NY, are determined based on the assessed value of a property and the local tax rate. With a median home price of $508,000, homeowners in this area face property tax bills that vary significantly. The tax bill at the 25th percentile is $8,676, while it climbs to $12,942 at the 75th percentile and reaches $15,061 at the 90th percentile. The median property tax rate in East Rockaway is notably higher than the national median of 0.99%. Several factors influence these tax bills, including property size, location, and any applicable exemptions. High property taxes can place a significant financial burden on homeowners, but Ownwell offers a solution. By providing property tax appeal and exemption services, Ownwell helps homeowners ensure their property is fairly assessed. This can lead to substantial savings, easing the financial strain associated with high property taxes in East Rockaway.
Average East Rockaway Tax Bill
$10,784
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 East Rockaway, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11518 | $6,440 | $8,676 | $10,784 | $12,942 | $15,061 |
Source: Ownwell
$1,148
Average East Rockaway 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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