Roosevelt, New York Property Taxes
The median property tax rate in Roosevelt, NY is 2.43%, 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 Roosevelt at $354,000, the typical annual property tax bill reaches $8,549, significantly exceeding the national median of $2,690. Property taxes in Roosevelt 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 Roosevelt'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 Roosevelt 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
Roosevelt, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.43%
Estimate Property Tax Bill
$8,602
$8,505
$1,148
Average Roosevelt, New York Tax Savings
Ownwell’s Roosevelt Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roosevelt with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roosevelt 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 Roosevelt. 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 Roosevelt, New York
Property taxes in Roosevelt, New York, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Roosevelt is 2.43%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Roosevelt set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roosevelt 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 Roosevelt's effective property tax rate to other areas in New York and the national median. For comparison, the zip code 11575 has the highest median property tax rate of 2.43%, while the same zip code also has the lowest median tax rate of 2.43%. Understanding how these areas compare with Roosevelt 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 Roosevelt Tax Rate
2.43%
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 Roosevelt, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11575 | 1.87% | 2.22% | 2.43% | 2.64% | 2.73% |
Source: Ownwell
$1,148
Average Roosevelt Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Roosevelt, New York
In Roosevelt, 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 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 Roosevelt, 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 Roosevelt helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with both the highest and lowest median tax bill in Roosevelt is 11575, with a median tax bill of $8,549.
Average Roosevelt Assessed Value
$354,000
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 Roosevelt, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11575 | $294,000 | $323,000 | $354,000 | $385,000 | $421,000 |
Source: Ownwell
$1,148
Average Roosevelt Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Roosevelt, New York
Property tax bills in Roosevelt, 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 market value, which is set by the local assessor. Factors such as property size, location, and improvements can influence this assessed value. With a median home price of $354,000, homeowners in Roosevelt face significant property tax bills. The 25th percentile tax bill is $7,397, while the 75th percentile reaches $9,490, and the 90th percentile can be as high as $10,370. These high property taxes can be a burden for homeowners. Ownwell offers a solution by providing property tax appeal and exemption services. Our experts analyze your property's assessed value and identify discrepancies or opportunities for exemptions. By filing appeals on your behalf, we aim to reduce your tax bill, potentially saving you thousands of dollars annually. Let Ownwell help you navigate the complexities of property taxes and secure the savings you deserve.
Average Roosevelt Tax Bill
$8,549
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 Roosevelt, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11575 | $5,925 | $7,397 | $8,549 | $9,490 | $10,370 |
Source: Ownwell
$1,148
Average Roosevelt 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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