Valley Stream, New York Property Taxes
The median property tax rate in Valley Stream, NY is 1.94%, 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 Valley Stream at $485,000, the typical annual property tax bill reaches $9,534, far exceeding the national median of $2,690. Property taxes in Valley Stream are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Valley Stream'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 Valley Stream or another part of Nassau County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Valley Stream, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.94%
Estimate Property Tax Bill
$9,409
$9,303
$1,148
Average Valley Stream, New York Tax Savings
Ownwell’s Valley Stream Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Valley Stream with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Valley Stream 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 Valley Stream. 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 Valley Stream, New York
Property taxes in Valley Stream, New York, are essential in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Valley Stream is 1.94%, higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Valley Stream set these rates annually, and they can vary significantly across different neighborhoods. Each year, Valley Stream 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 Valley Stream's effective property tax rate to other counties in New York and the national median. For comparison, the 11581 zip code has the highest median property tax rate of 1.98%, while the 11580 zip code has the lowest median tax rate of 1.93%. Understanding how these cities compare with Valley Stream 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 Valley Stream Tax Rate
1.94%
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 Valley Stream, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11565 | 1.54% | 1.71% | 1.98% | 2.36% | 2.63% |
| 11580 | 1.48% | 1.71% | 1.93% | 2.17% | 2.37% |
| 11581 | 1.40% | 1.62% | 1.98% | 2.33% | 2.72% |
Source: Ownwell
$1,148
Average Valley Stream Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Valley Stream, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Valley Stream, 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 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 Valley Stream, 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. For instance, the median home price in Valley Stream is $485,000, with tax bills ranging from $8,109 at the 25th percentile to $13,441 at the 90th percentile. The highest median tax bill is in zip code 11581 at $10,546, while the lowest is in zip code 11565 at $9,120. 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 the tax burden.
Property Tax Assessment Values Across Valley Stream, New York
Source: Ownwell
$37,000
$1,990,750
$3,944,500
Average Valley Stream Assessed Value
$485,000
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 Valley Stream, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11565 | $393,700 | $433,000 | $452,500 | $470,000 | $482,900 |
| 11580 | $406,000 | $441,000 | $476,000 | $517,000 | $571,000 |
| 11581 | $415,000 | $451,000 | $518,000 | $671,000 | $780,000 |
Source: Ownwell
$1,148
Average Valley Stream Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Valley Stream, New York
In Valley Stream, Nassau County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. With a median home price of $485,000, homeowners in this area face substantial tax bills. Factors such as property size, location, and home improvements can influence the assessed value. The tax bills in Valley Stream range widely, with the 25th percentile at $8,109 and the 75th percentile reaching $11,291. Notably, the highest median tax bill in the area is $10,546 in the 11581 zip code, while the lowest is $9,120 in the 11565 zip code. These numbers are significantly higher than the national median property tax rate of 0.99%. Ownwell can help homeowners in Valley Stream save on their property tax bills by appealing unfair assessments and securing exemptions. Our expert consultants analyze your property’s assessed value, compare it with market trends, and identify discrepancies. By leveraging our local expertise, we ensure you pay only your fair share, potentially saving you thousands of dollars annually.
Average Valley Stream Tax Bill
$9,534
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 Valley Stream, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11565 | $7,347 | $7,460 | $9,120 | $10,328 | $12,079 |
| 11580 | $6,591 | $7,918 | $9,191 | $10,562 | $12,003 |
| 11581 | $7,122 | $8,589 | $10,546 | $12,837 | $16,899 |
Source: Ownwell
$1,148
Average Valley Stream 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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