Westbury, New York Property Taxes
The median property tax rate in Westbury, NY is 2.28%, 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 Westbury, the typical annual property tax bill reaches $11,443, far exceeding the national median of $2,690. Property taxes in Westbury 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 Westbury'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 Westbury 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
Westbury, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.28%
Estimate Property Tax Bill
$11,104
$10,978
$1,148
Average Westbury, New York Tax Savings
Ownwell’s Westbury Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Westbury with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westbury 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 Westbury. 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 Westbury, New York
Property taxes in Westbury, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Westbury is 2.28%, significantly higher than the U.S. national median of 0.99%. Local government entities within Westbury set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westbury 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 Westbury's effective property tax rate to other areas and the national median. For comparison, the zip code 11590 has the highest median property tax rate of 2.28%, while the same zip code also has the lowest median tax rate of 2.28%. Understanding how these figures compare with Westbury 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 Westbury Tax Rate
2.28%
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 Westbury, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11590 | 1.72% | 1.96% | 2.28% | 2.78% | 3.13% |
Source: Ownwell
$1,148
Average Westbury Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Westbury, New York
In Westbury, 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 Westbury, 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 Westbury helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 11590 has the highest and lowest median tax bill, both at $11,443, illustrating the importance of understanding these valuations.
Average Westbury Assessed Value
$487,000
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 Westbury, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11590 | $342,000 | $411,000 | $487,000 | $589,000 | $690,000 |
Source: Ownwell
$1,148
Average Westbury Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Westbury, New York
In Westbury, Nassau County, NY, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in the area is $487,000, and tax bills can vary significantly. For instance, the 25th percentile tax bill is $9,622, while the 75th percentile reaches $13,290, and the 90th percentile goes up to $15,418. These figures highlight the substantial financial burden homeowners can face, especially when compared to the national median property tax rate of 0.99%. Several factors influence these tax bills, including the assessed value of the property, local tax rates, and any applicable exemptions. Ownwell can help homeowners in Westbury save on their property tax bills by providing expert property tax appeal and exemption services. By ensuring that properties are accurately assessed and leveraging all available exemptions, Ownwell can significantly reduce the financial strain of property taxes, making homeownership more affordable.
Average Westbury Tax Bill
$11,443
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 Westbury, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11590 | $7,502 | $9,622 | $11,443 | $13,290 | $15,418 |
Source: Ownwell
$1,148
Average Westbury 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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