Carle Place, New York Property Taxes
The median property tax rate in Carle Place, NY is 2.10%, considerably higher than both the national median of 0.99% and the New York state median of 2.39%. With a median home value of $550,000 in Carle Place, the typical annual property tax bill reaches $11,378, far exceeding the national median of $2,690. Property taxes in Carle Place are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Carle Place'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 Carle Place 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
Carle Place, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.1%
Estimate Property Tax Bill
$11,550
$10,718
$1,148
Average Tax Savings
Ownwell’s Carle Place Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carle Place with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carle Place 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 Carle Place. 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 Carle Place, New York
Property taxes in Carle Place, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carle Place is 2.10%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Carle Place set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carle Place 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 Carle Place's effective property tax rate to other counties in New York and the national median. For comparison, the 11514 zip code has the highest median property tax rate of 2.10%, while the 11514 zip code also has the lowest median tax rate of 2.10%. Understanding how these cities compare with Carle Place 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 Carle Place Tax Rate
2.10%
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 Carle Place, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11514 | 1.65% | 1.90% | 2.10% | 2.25% | 2.38% |
Source: Ownwell
$1,148
Average Carle Place Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Carle Place, New York
In Carle Place, 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 Carle Place, 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 Carle Place helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $11,378 and are found in zip code 11514.
Property Tax Assessment Values Across Carle Place, New York
Source: Ownwell
$37,000
$1,990,750
$3,944,500
Average Carle Place Assessed Value
$550,000
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 Carle Place, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11514 | $457,000 | $495,000 | $550,000 | $610,000 | $677,500 |
Source: Ownwell
$1,148
Average Carle Place Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Carle Place, New York
In Carle Place, Nassau County, NY, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is a percentage of the market value determined by the local assessor. Factors such as property size, location, and improvements can influence this assessed value. Homeowners in Carle Place face significant property tax bills, with the 25th percentile at $9,752 and the 75th percentile reaching $13,094. These figures are notably higher than the national median property tax rate of 0.99%, reflecting the region's high property values and tax rates. Ownwell can help homeowners in Carle Place save on their property tax bills by providing expert property tax appeal services. Our team reviews your property's assessed value, identifies discrepancies, and files appeals to ensure you are not overpaying. By leveraging our expertise, homeowners can potentially reduce their tax obligations, making homeownership more affordable in a high-tax region like Nassau County.
Average Carle Place Tax Bill
$11,378
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 Carle Place, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11514 | $8,255 | $9,752 | $11,378 | $13,094 | $14,945 |
Source: Ownwell
$1,148
Average Carle Place Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to file a grievance!
Dates | |
|---|---|
| Appeal Deadline | March 3 |
Links | |
|---|---|
| Nassau Assessment Review Commission | |
| Website | lrv.nassaucountyny.gov |
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