Farmingdale, Nassau County, New York Property Taxes

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Farmingdale’s effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S. Farmingdale, located in Nassau County, has a property tax rate that stands out when compared to both state and national figures. With the national median property tax rate at 1.02%, Farmingdale's rate is notably higher. This highlights the significant variation in property tax rates across different regions. Understanding these differences is crucial for property owners looking to manage their tax liabilities effectively. By appealing your property tax assessment, you could potentially lower your tax bill, making a substantial difference in your annual expenses.

In Farmingdale, Nassau County, NY, property tax bills are calculated based on the assessed value of a property, which is derived from its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property type, exemptions, and local government budgets can influence the final amount. Homeowners in Farmingdale face a median property tax bill of $11,278, significantly higher than the national median of $2,400. This can place a substantial financial burden on homeowners, particularly when compared to the national median property tax rate of 1.02%.

Ownwell offers valuable assistance to homeowners in Farmingdale by providing expert property tax appeal services. By analyzing market conditions and comparable property assessments, Ownwell can identify opportunities for reducing assessed values and, consequently, lowering tax bills. Additionally, Ownwell helps homeowners navigate exemption applications, ensuring they receive all eligible tax reliefs. This comprehensive approach can lead to significant savings, easing the financial strain of high property tax bills for Farmingdale residents.