East Atlantic Beach, New York Property Taxes
The median property tax rate in East Atlantic Beach, NY is 1.86%, 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 East Atlantic Beach at $568,500, the typical annual property tax bill reaches $10,619, exceeding the national median of $2,690. Property taxes here 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 East Atlantic Beach'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 East Atlantic Beach 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
East Atlantic Beach, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.86%
Estimate Property Tax Bill
$10,574
$9,812
$1,148
Average Tax Savings
Ownwell’s East Atlantic Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Atlantic Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Atlantic Beach 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 East Atlantic Beach. 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 East Atlantic Beach, New York
Property taxes in East Atlantic Beach, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Atlantic Beach is 1.86%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within East Atlantic Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Atlantic Beach 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 East Atlantic Beach's effective property tax rate to other areas in New York and the national median. For comparison, the zip code 11561 has the highest median property tax rate of 1.86%, while the same zip code also has the lowest median tax rate of 1.86%. Understanding how these areas compare with East Atlantic Beach 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 East Atlantic Beach Tax Rate
1.86%
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 East Atlantic Beach, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11561 | 1.48% | 1.67% | 1.86% | 2.03% | 2.16% |
Source: Ownwell
$1,148
Average East Atlantic Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across East Atlantic Beach, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in East Atlantic Beach, NY. 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 East Atlantic Beach, 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. The median home price in East Atlantic Beach is $568,500, with tax bills ranging from $8,970 at the 25th percentile to $16,028 at the 90th percentile. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across East Atlantic Beach, New York
Source: Ownwell
$37,000
$1,990,750
$3,944,500
Average East Atlantic Beach Assessed Value
$568,500
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 East Atlantic Beach, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11561 | $454,800 | $498,000 | $568,500 | $675,000 | $819,300 |
Source: Ownwell
$1,148
Average East Atlantic Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across East Atlantic Beach, New York
In East Atlantic Beach, NY, property tax bills are calculated based on the assessed value of the property and the local tax rate. Nassau County, where East Atlantic Beach is located, has a median home price of $568,500. The property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property improvements, neighborhood changes, and market conditions can influence the assessed value. For homeowners in East Atlantic Beach, the 25th percentile tax bill is $8,970, while the 75th percentile reaches $12,719, and the 90th percentile climbs to $16,028. This can be significantly higher than the national median property tax rate of 0.99%. Ownwell assists homeowners by providing expert property tax appeal and exemption services. Our consultants analyze your property's assessed value, identify discrepancies, and file appeals on your behalf. By leveraging our expertise, homeowners can potentially reduce their tax bills, ensuring they pay only their fair share. Trust Ownwell to help you navigate the complexities of property tax assessments and save money.
Average East Atlantic Beach Tax Bill
$10,619
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 East Atlantic Beach, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11561 | $7,796 | $8,970 | $10,619 | $12,719 | $16,028 |
Source: Ownwell
$1,148
Average East Atlantic Beach 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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