Greenvale, New York Property Taxes
The median property tax rate in Greenvale, NY is 2.07%, 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 Greenvale, the typical annual property tax bill reaches $13,122, exceeding the national median of $2,690. Property taxes in Greenvale 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 Greenvale'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 Greenvale 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
Greenvale, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.07%
Estimate Property Tax Bill
$12,844
$11,919
$1,148
Average Tax Savings
Ownwell’s Greenvale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greenvale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greenvale 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 Greenvale. 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 Greenvale, New York
Property taxes in Greenvale, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Greenvale is 2.07%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Greenvale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greenvale 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 Greenvale's effective property tax rate to other areas in New York and the national median. For comparison, the 11548 zip code has the highest median property tax rate of 2.07%, while the same zip code also has the lowest median tax rate of 2.07%. Understanding how these areas compare with Greenvale 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 Greenvale Tax Rate
2.07%
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 Greenvale, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11548 | 1.64% | 1.87% | 2.07% | 2.24% | 2.37% |
Source: Ownwell
$1,148
Average Greenvale Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Greenvale, New York
In Greenvale, 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 Greenvale, 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 Greenvale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $13,122 in the 11548 zip code, while the lowest is also $13,122 in the same zip code.
Average Greenvale Assessed Value
$620,500
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 Greenvale, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11548 | $450,700 | $509,000 | $620,500 | $858,500 | $1,280,100 |
Source: Ownwell
$1,148
Average Greenvale Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Greenvale, New York
In Greenvale, located in Nassau County, NY, property tax bills are calculated based on the assessed value of your home, not its market value. The assessed value is determined by the local tax assessor and is a percentage of the market value. Various factors such as property size, location, and any improvements made to the property are considered during this assessment. In Greenvale, the median home price is $620,500, leading to significant property tax bills. For instance, the 25th percentile tax bill is $10,573, while the 90th percentile tax bill can reach up to $26,229. This high property tax burden can significantly impact homeowners, adding substantial annual costs. Ownwell can help homeowners in Greenvale save on their property tax bills by providing professional property tax appeal and exemption services. Our experts analyze your property assessment and identify discrepancies or overvaluations. By appealing incorrect assessments, we can help reduce your tax liability, ensuring you only pay your fair share. Let Ownwell ease your property tax burden and keep more money in your pocket.
Average Greenvale Tax Bill
$13,122
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 Greenvale, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11548 | $8,410 | $10,573 | $13,122 | $17,258 | $26,229 |
Source: Ownwell
$1,148
Average Greenvale 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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