Woodbury, New York Property Taxes
The median property tax rate in Woodbury, NY is 2.66%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Woodbury at $922,000, the typical annual property tax bill reaches $23,933, far exceeding the national median of $2,690. Property taxes in Woodbury are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Woodbury'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 Woodbury 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
Woodbury, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.66%
Estimate Property Tax Bill
$24,525
$24,249
$1,148
Average Woodbury, New York Tax Savings
Ownwell’s Woodbury Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Woodbury with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Woodbury 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 Woodbury. 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 Woodbury, New York
Property taxes in Woodbury, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Woodbury is 2.66%, significantly higher than the U.S. national median of 0.99%. Local government entities within Woodbury set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woodbury 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 Woodbury's effective property tax rate to other areas in New York and the national median. For comparison, the 11797 zip code has the highest median property tax rate of 2.66%, while the same zip code also has the lowest median tax rate of 2.66%. Understanding how these areas compare with Woodbury 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 Woodbury Tax Rate
2.66%
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 Woodbury, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11797 | 2.35% | 2.50% | 2.66% | 2.80% | 2.90% |
Source: Ownwell
$1,148
Average Woodbury Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Woodbury, New York
In Woodbury, 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 office 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 Woodbury, 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 Woodbury helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Woodbury is $922,000, with the 25th percentile tax bill at $18,452 and the 75th percentile tax bill at $31,489. The highest and lowest median tax bills both stand at $23,933 in the 11797 zip code.
Average Woodbury Assessed Value
$922,000
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 Woodbury, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11797 | $542,000 | $713,500 | $922,000 | $1,207,000 | $1,484,800 |
Source: Ownwell
$1,148
Average Woodbury Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Woodbury, New York
Property tax bills in Woodbury, NY, are calculated based on the assessed value of a home and the local tax rate. With a median home price of $922,000, homeowners in Woodbury face significant property tax bills. The tax bill for the 25th percentile is $18,452, while the 75th percentile sees bills around $31,489, and the 90th percentile can reach up to $38,154. These figures are notably higher than the national median property tax rate of 0.99%. Several factors contribute to the tax bill, including the home's assessed value, local tax rates, and any applicable exemptions. High property taxes can place a considerable financial burden on homeowners, making it essential to ensure that assessments are accurate and fair. Ownwell helps homeowners by providing expert property tax appeal and exemption services. By challenging over-assessments and identifying potential exemptions, Ownwell can help reduce property tax bills, providing significant savings and easing the financial strain on homeowners in Woodbury.
Average Woodbury Tax Bill
$23,933
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 Woodbury, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11797 | $14,335 | $18,452 | $23,933 | $31,489 | $38,154 |
Source: Ownwell
$1,148
Average Woodbury 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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