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Island Park, Nassau County, New York Property Taxes

  • Median Island Park, NY effective property tax rate: 1.81%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.

  • Median Island Park, NY home value: $460,500

  • Median annual Island Park, NY tax bill: $8,202, $5,802 higher than the national median property tax bill of $2,400.

How are property taxes in Nassau calculated?

Property taxes in Island Park, 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 Island Park’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Island Park, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Island Park, Nassau County, New York Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.81%

Estimate Property Tax Bill

$8,335

$7,735

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Island Park Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Island Park with just two data points. By entering your property's estimated assessed value, our calculator applies Island Park’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Nassau County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Island Park, Nassau County, New York

As noted earlier, local government entities set tax rates, which can vary widely within a state. Why? Because 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 Island Park’s effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S.

Property Tax Rates Across Island Park, Nassau County, New York

Source: Ownwell

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0.17%

1.48%

2.78%

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 Island Park Tax Rate

1.81%

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 Island Park, Nassau County, New York

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
115581.38%1.60%1.81%1.97%2.13%

Source: Ownwell

Property Tax Assessment Values Across Island Park, Nassau County, New York

When examining property taxes in Island Park, 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 appraisal 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.

In Nassau County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Island Park.

For example, the median home price in Island Park is $460,500, with tax bills ranging significantly across the county. 11558 has the highest median home price at $460,500.

Property Tax Assessment Values Across Island Park, Nassau County, New York

Source: Ownwell

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$353,000

$2,148,750

$3,944,500

Median Island Park Market Value

$460,500

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 Island Park, Nassau County, New York

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
11558$344,000$409,000$460,500$517,250$605,000

Source: Ownwell

Property Tax Bills Across Island Park, Nassau County, New York

Property tax bills in Island Park, located in Nassau County, NY, are determined by assessing the property's market value and applying the local tax rate. Homeowners in this area face a median property tax bill of $8,202, significantly higher than the national median of $2,400. The tax rate is influenced by various factors, such as the local government's budget needs and public service funding. For homeowners, this can mean a substantial financial burden, especially when compared to the national median property tax rate of 1.02%.

Ownwell offers services to help homeowners potentially reduce their property tax bills by appealing assessments and securing exemptions. By analyzing market data and property specifics, Ownwell can identify discrepancies in assessed values and advocate for fair adjustments. This process not only alleviates the financial strain on homeowners but also ensures they are paying a fair amount relative to their property's true value. Partnering with Ownwell could lead to significant savings and a more manageable tax burden.

Property Tax Bills Across Island Park, Nassau County, New York

Source: Ownwell

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$881

$26,756

$52,630

Median Island Park Tax Bill

$8,202

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 Island Park, Nassau County, New York

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
11558$5,324$6,723$8,202$9,769$11,307

Source: Ownwell

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