Old Bethpage, New York Property Taxes
The median property tax rate in Old Bethpage, NY is 2.53%, 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 Old Bethpage at $628,000, the typical annual property tax bill reaches $15,907, far exceeding the national median of $2,690. Property taxes in Old Bethpage 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 Old Bethpage'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 Old Bethpage 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
Old Bethpage, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.53%
Estimate Property Tax Bill
$15,888
$15,709
$1,148
Average Old Bethpage, New York Tax Savings
Ownwell’s Old Bethpage Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Old Bethpage with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Old Bethpage 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 Old Bethpage. 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 Old Bethpage, New York
Property taxes in Old Bethpage, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Old Bethpage is 2.53%, significantly higher than the U.S. national median of 0.99%. Local government entities within Old Bethpage set these rates annually, and they can vary significantly across different neighborhoods. Each year, Old Bethpage 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 Old Bethpage's effective property tax rate to other areas in Nassau County and the national median. For comparison, the zip code 11804 has both the highest and lowest median property tax rate of 2.53%. Understanding how these areas compare with Old Bethpage 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 Old Bethpage Tax Rate
2.53%
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 Old Bethpage, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11804 | 2.14% | 2.36% | 2.53% | 2.68% | 2.79% |
Source: Ownwell
$1,148
Average Old Bethpage Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Old Bethpage, New York
In Old Bethpage, 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 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 Old Bethpage, 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. The median home price in Old Bethpage is $628,000, with tax bills ranging from $13,704 at the 25th percentile to $19,921 at the 90th percentile. The zip code 11804 has both the highest and lowest median tax bill at $15,907. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Old Bethpage, New York
Source: Ownwell
$37,000
$1,990,750
$3,944,500
Average Old Bethpage Assessed Value
$628,000
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 Old Bethpage, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11804 | $511,000 | $566,000 | $628,000 | $693,250 | $757,000 |
Source: Ownwell
$1,148
Average Old Bethpage Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Old Bethpage, New York
In Old Bethpage, Nassau County, NY, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value, which is determined by the local assessor's office. Factors such as property size, location, and improvements play a crucial role in determining this value. Homeowners in Old Bethpage face significant property tax bills, with the median tax bill reaching $15,907, which is considerably higher than the national median property tax rate of 0.99%. High property taxes can be a financial burden, but Ownwell can help homeowners in Old Bethpage save on their property tax bills. By providing expert property tax appeal and exemption services, Ownwell ensures that homeowners are not overpaying. Our team of professionals meticulously reviews property assessments and market conditions to identify potential savings. With Ownwell's assistance, you can reduce your property tax burden and keep more of your hard-earned money.
Average Old Bethpage Tax Bill
$15,907
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 Old Bethpage, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11804 | $11,491 | $13,704 | $15,907 | $17,815 | $19,921 |
Source: Ownwell
$1,148
Average Old Bethpage 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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