Ozone Park, Kings County, New York Property Taxes
Median Ozone Park, NY effective property tax rate: 0.73%, significantly lower than the national median of 1.02%, but lower than the NY state median of 2.39%.
Median Ozone Park, NY home value: $834,000
Median annual Ozone Park, NY tax bill: $6,030, $3,630 higher than the national median property tax bill of $2,400.
How are property taxes in Kings calculated?
Property taxes in Ozone Park, NY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Ozone Park’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ozone Park, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ozone Park, Kings County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.73%
Estimate Property Tax Bill
$6,088
$5,650
Property Tax Rates Across Ozone Park, Kings County, New York
Local government entities set property tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates its budget needs to provide essential services and divides this figure by the total value of all taxable property in its area. This process determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the yearly procedure.
In Ozone Park, located in Kings County, NY, the effective property tax rate stands at 0.73%. This rate is notably lower than the national median property tax rate of 1.02%. Such a comparison highlights the relative affordability of property taxes in Ozone Park compared to other parts of the country. When evaluating property tax rates within New York, Ozone Park's rate is consistent with the state's median, providing residents with a sense of financial predictability. For homeowners and potential buyers in the area, understanding these rates can significantly impact financial planning and decision-making.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Ozone Park Tax Rate
0.73%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Kings County Tax Rate
0.67%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ozone Park, Kings County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11208 | N/A | N/A | N/A | N/A | N/A |
| 11416 | N/A | N/A | N/A | N/A | N/A |
| 11417 | 0.65% | 0.66% | 0.73% | 0.85% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Ozone Park, Kings County, New York
When examining property taxes in Ozone Park, NY, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Kings County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Kings County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Ozone Park.
For example, the median home price in Ozone Park is $834,000, with tax bills ranging significantly across the county. The 11417 zip code has the highest median home price at $838,000.
Property Tax Assessment Values Across Ozone Park, Kings County, New York
Source: Ownwell
$255,420
$1,308,710
$2,362,000
Median Ozone Park Market Value
$834,000
Median Kings County Market Value
$1,094,000
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ozone Park, Kings County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11208 | N/A | N/A | N/A | N/A | N/A |
| 11416 | N/A | N/A | N/A | N/A | N/A |
| 11417 | $722,700 | $805,500 | $838,000 | $895,250 | $926,000 |
Source: Ownwell
Property Tax Bills Across Ozone Park, Kings County, New York
Median Ozone Park Tax Bill
$6,030
Median Kings County Tax Bill
$6,747
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Ozone Park, Kings County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11208 | N/A | N/A | N/A | N/A | N/A |
| 11416 | N/A | N/A | N/A | N/A | N/A |
| 11417 | $5,956 | $5,987 | $5,987 | $6,468 | $8,184 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Kings Assessment Review Commission | |
| Website | propertyinformationportal.nyc.gov |