Inwood, Nassau County, New York Property Taxes
Median Inwood, NY effective property tax rate: 1.54%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Inwood, NY home value: $475,000
Median annual Inwood, NY tax bill: $7,069, $4,669 higher than the national median property tax bill of $2,400.
How are property taxes in Nassau calculated?
Property taxes in Inwood, NY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Inwood’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Inwood, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Inwood, Nassau County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.54%
Estimate Property Tax Bill
$7,315
$6,788
$1,102
Average Tax Savings
Property Tax Rates Across Inwood, Nassau County, New York
Local government entities set tax rates, which can vary widely within a state. Each year, counties estimate their required budget for services and divide that by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the core of the annual process.
In Inwood, located in Nassau County, New York, the effective property tax rate stands at 1.54%. This rate is notably higher than the national median property tax rate of 1.02%. When comparing Inwood's rate to other cities in New York, it's clear that residents face a considerable tax burden. The median property tax rate in New York also reflects this trend, often exceeding the national average.
Such a difference underscores the importance of understanding local tax dynamics and exploring potential avenues for property tax appeals or exemptions. With property taxes being a significant expense for homeowners, staying informed and proactive can lead to substantial savings.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Inwood Tax Rate
1.54%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Nassau County Tax Rate
2.10%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Inwood, Nassau County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11096 | 1.14% | 1.39% | 1.54% | 1.66% | 1.72% |
Source: Ownwell
$1,102
Average Inwood Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Assessment Values Across Inwood, Nassau County, New York
When examining property taxes in Inwood, NY, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Nassau County assessment district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices: In Nassau County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Inwood. For example, the median home price in Inwood is $475,000, with tax bills ranging significantly across the county. Zip code 11096 has the highest median home price at $475,000.
Property Tax Assessment Values Across Inwood, Nassau County, New York
Source: Ownwell
$353,000
$2,148,750
$3,944,500
Median Inwood Market Value
$475,000
Median Nassau County Market Value
$537,000
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Inwood, Nassau County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11096 | $353,000 | $407,000 | $475,000 | $541,000 | $608,700 |
Source: Ownwell
$1,102
Average Inwood Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Bills Across Inwood, Nassau County, New York
Median Inwood Tax Bill
$7,069
Median Nassau County Tax Bill
$11,613
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Inwood, Nassau County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11096 | $4,473 | $5,728 | $7,069 | $8,284 | $9,535 |
Source: Ownwell
$1,102
Average Inwood Tax Savings
Save on your property taxes & more with Ownwell
Don't miss the deadline to file a grievance!
Dates | |
|---|---|
| Appeal Deadline | April 1 |
Links | |
|---|---|
| Nassau Assessment Review Commission | |
| Website | lrv.nassaucountyny.gov |
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