Woodmere, New York Property Taxes
The median property tax rate in Woodmere, NY is 2.35%, 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 Woodmere, the typical annual property tax bill reaches $16,423, exceeding the national median of $2,690. Property taxes in Woodmere 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 Woodmere'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 Woodmere 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
Woodmere, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$18,330
$18,123
$1,148
Average Woodmere, New York Tax Savings
Ownwell’s Woodmere Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Woodmere with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Woodmere 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 Woodmere. 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 Woodmere, New York
Property taxes in Woodmere, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Woodmere is 2.35%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Woodmere set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woodmere 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 Woodmere's effective property tax rate to other counties in New York and the national median. For comparison, the 11598 zip code has the highest median property tax rate of 2.35%, while the same zip code also has the lowest median tax rate of 2.35%. Understanding how these cities compare with Woodmere 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 Woodmere Tax Rate
2.35%
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 Woodmere, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11598 | 1.33% | 1.47% | 2.35% | 2.79% | 2.99% |
Source: Ownwell
$1,148
Average Woodmere Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Woodmere, New York
In Woodmere, 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 Woodmere, 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 Woodmere helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Woodmere is $780,000, with tax bills ranging from $11,768 at the 25th percentile to $29,448 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 11598, with a value of $16,423.
Average Woodmere Assessed Value
$780,000
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 Woodmere, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11598 | $576,000 | $670,000 | $780,000 | $959,000 | $1,221,900 |
Source: Ownwell
$1,148
Average Woodmere Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Woodmere, New York
In Woodmere, located in Nassau County, NY, property tax bills are calculated based on the assessed value of the home and the local tax rate. With a median home price of $780,000, homeowners can expect significant tax bills. Factors such as property size, location, and market conditions influence the assessed value. For instance, the tax bill ranges from $11,768 at the 25th percentile to $21,930 at the 75th percentile, with the highest median tax bill reaching $16,423 in zip code 11598. These figures contrast sharply with the national median property tax rate of 0.99%, highlighting the region's higher tax burden. Ownwell offers a valuable service to homeowners by helping them navigate property tax appeals and exemptions. By analyzing your property's assessed value and comparing it to market conditions and similar properties, Ownwell can identify opportunities for tax reductions. This expert guidance can lead to substantial savings, ensuring that homeowners in Woodmere pay only their fair share of property taxes.
Average Woodmere Tax Bill
$16,423
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 Woodmere, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11598 | $9,310 | $11,768 | $16,423 | $21,930 | $29,448 |
Source: Ownwell
$1,148
Average Woodmere 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 |
Save money on your property taxes with Ownwell.
Enter your address.
With just your address Ownwell will analyze your property expenses to find you savings using real time market data, local expertise and AI.
Answer some questions.
The more we know about your property, the more we can save you. There's no up-front costs, it's risk-free to sign up. Only pay if you save!
Unlock your savings.
We gather evidence, file all documentation, and attend hearings on your behalf year after year, so you never overpay again.