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Locust Valley, Nassau County, New York Property Taxes

  • Median Locust Valley, NY effective property tax rate: 2.13%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.

  • Median Locust Valley, NY home value: $727,000

  • Median annual Locust Valley, NY tax bill: $15,529, $13,129 higher than the national median property tax bill of $2,400.

How are property taxes in Nassau County calculated?

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

Last Updated March 1, 2025

Locust Valley, Nassau County, New York Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.13%

Estimate Property Tax Bill

$15,485

$14,370

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Locust Valley Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Locust Valley with just two data points.

By entering your property's estimated assessed value, our calculator applies Locust Valley’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 Locust Valley, Nassau County, New York

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation stems from each county's annual assessment of its budgetary needs to provide essential services. By dividing this budget by the total value of all taxable property within its jurisdiction, the property tax rate is determined. Although the process involves votes and legislation to establish tax rates and budgets, this is the fundamental annual procedure. In Locust Valley, located in Nassau County, NY, the effective property tax rate stands out when compared to other cities in the state and the national median. With a median property tax rate of 2.13%, Locust Valley significantly exceeds the national median property tax rate of 1.02%. This difference underscores the importance of understanding local property tax dynamics, as they can have a substantial impact on homeowners' financial responsibilities. Whether you're a current resident or considering a move to Locust Valley, being informed about these rates can help in making educated decisions regarding property investments.

Property Tax Rates Across Locust Valley, 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 Locust Valley Tax Rate

2.13%

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 Locust Valley, Nassau County, New York

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
115601.61%1.88%2.13%2.36%2.52%

Source: Ownwell

Property Tax Assessment Values Across Locust Valley, Nassau County, New York

When examining property taxes in Locust Valley, 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 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 Locust Valley. For example, the median home price in Locust Valley is $727,000, with tax bills ranging significantly across the county. Zip code 11560 has the highest median home price at $727,000.

Property Tax Assessment Values Across Locust Valley, Nassau County, New York

Source: Ownwell

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$353,000

$2,148,750

$3,944,500

Median Locust Valley Market Value

$727,000

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 Locust Valley, Nassau County, New York

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
11560$451,000$537,000$727,000$1,310,000$2,164,900

Source: Ownwell

Property Tax Bills Across Locust Valley, Nassau County, New York

In Locust Valley, Nassau County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. With a median home price of $727,000, homeowners often face property tax bills significantly higher than the national median of $2,400. In fact, Locust Valley's median property tax bill is among the highest in the nation, with figures reaching $15,529. Factors such as property location, home size, and market conditions influence the assessed value, directly impacting the tax bill. High property taxes can place a substantial financial burden on homeowners, making it essential to explore potential savings.

Ownwell helps homeowners in Locust Valley reduce their property tax bills by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell can challenge overvaluations and secure reductions. This service not only alleviates financial strain but also ensures that homeowners pay a fair amount, reflecting the true value of their properties.

Property Tax Bills Across Locust Valley, Nassau County, New York

Source: Ownwell

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$881

$26,756

$52,630

Median Locust Valley Tax Bill

$15,529

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 Locust Valley, Nassau County, New York

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
11560$9,067$11,624$15,529$24,698$40,398

Source: Ownwell

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