Bellmore, New York Property Taxes
The median property tax rate in Bellmore, NY is 2.59%, 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 Bellmore at $517,000, the typical annual property tax bill reaches $13,138, far exceeding the national median of $2,690. Property taxes in Bellmore 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 Bellmore'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 Bellmore 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
Bellmore, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.59%
Estimate Property Tax Bill
$13,390
$13,239
$1,148
Average Bellmore, New York Tax Savings
Ownwell’s Bellmore Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bellmore with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Bellmore to provide an accurate estimate of your property tax bill. This valuable tool not only helps you understand potential tax liabilities but also demonstrates how Ownwell can assist in reducing property taxes in Bellmore. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Bellmore, New York
Property taxes in Bellmore, New York, are essential in funding vital local services like public schools, road maintenance, and emergency services. The median tax rate in Bellmore stands at 2.59%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Bellmore set these rates annually, and they can vary across different neighborhoods. Each year, Bellmore 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 Bellmore's effective property tax rate to other regions in New York and the national median. For comparison, the zip code 11710 has the highest median property tax rate of 2.59%, while the same zip code also has the lowest median tax rate of 2.59%. Understanding how these cities compare with Bellmore 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 Bellmore Tax Rate
2.59%
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 Bellmore, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11710 | 2.07% | 2.36% | 2.59% | 2.77% | 2.95% |
Source: Ownwell
$1,148
Average Bellmore Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Bellmore, New York
In Bellmore, 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 Bellmore, 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 Bellmore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 11710, with a median tax bill of $13,138.
Average Bellmore Assessed Value
$517,000
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 Bellmore, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11710 | $396,000 | $450,000 | $517,000 | $599,000 | $710,200 |
Source: Ownwell
$1,148
Average Bellmore Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Bellmore, New York
In Bellmore, located in Nassau County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price here is $517,000, with property tax bills ranging significantly depending on the assessed value. For instance, the 25th percentile tax bill is $10,822, while the 75th percentile reaches $15,710, and the 90th percentile can be as high as $19,174. These taxes are influenced by factors such as property location, market conditions, and any applicable exemptions. Homeowners in Bellmore face a higher tax burden compared to the national median property tax rate of 0.99%. This can significantly impact their annual expenses. Ownwell can assist homeowners in Bellmore by reviewing their property assessments and identifying potential errors or overvaluations. Through professional appeal and exemption services, Ownwell helps reduce property tax bills, ensuring that homeowners pay a fair amount and potentially save thousands of dollars annually.
Average Bellmore Tax Bill
$13,138
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 Bellmore, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11710 | $8,705 | $10,822 | $13,138 | $15,710 | $19,174 |
Source: Ownwell
$1,148
Average Bellmore 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.