Massapequa, New York Property Taxes
The median property tax rate in Massapequa, NY is 2.52%, 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 Massapequa, the typical annual property tax bill reaches $12,847, exceeding the national median of $2,690. Property taxes in Massapequa 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 Massapequa'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 Massapequa 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
Massapequa, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.52%
Estimate Property Tax Bill
$12,852
$11,926
$1,148
Average Tax Savings
Ownwell’s MASSAPEQUA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MASSAPEQUA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MASSAPEQUA 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 MASSAPEQUA. 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 Massapequa, New York
Property taxes in Massapequa, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Massapequa is 2.52%, significantly higher than the U.S. national median of 0.99%. Local government entities within Massapequa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Massapequa 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 Massapequa's effective property tax rate to other areas in Nassau County and the national median. For comparison, the zip code 11758 in Massapequa has the highest median property tax rate of 2.52%, while the same zip code also has the lowest median tax rate of 2.52%. Understanding how these figures compare with Massapequa 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 Massapequa Tax Rate
2.52%
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 Massapequa, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11758 | 1.97% | 2.29% | 2.52% | 2.74% | 2.95% |
Source: Ownwell
$1,148
Average Massapequa Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Massapequa, New York
In Massapequa, 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 Assessment Department 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 Massapequa, 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 Massapequa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Massapequa is $510,000, with the highest median tax bill being $12,847 in zip code 11758.
Property Tax Assessment Values Across Massapequa, New York
Source: Ownwell
$37,000
$1,990,750
$3,944,500
Average Massapequa Assessed Value
$510,000
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 Massapequa, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11758 | $400,000 | $450,000 | $510,000 | $585,000 | $698,000 |
Source: Ownwell
$1,148
Average Massapequa Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Massapequa, New York
Property tax bills in Massapequa, Nassau County, NY, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local tax assessor and is meant to reflect the market value of the property. Homeowners in Massapequa face significant property tax bills, with the median home price at $510,000. The tax bill can vary widely, ranging from $10,811 at the 25th percentile to $17,781 at the 90th percentile. The highest and lowest median tax bills both stand at $12,847 for the zip code 11758, which is notably higher than the national median property tax rate of 0.99%. These high property tax bills can be a burden for homeowners. Ownwell provides valuable services to help homeowners reduce their property tax bills through appeals and exemptions. By analyzing the assessed value and identifying discrepancies, Ownwell can assist in lowering the tax burden, ensuring homeowners pay a fair amount.
Average Massapequa Tax Bill
$12,847
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 Massapequa, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11758 | $8,864 | $10,811 | $12,847 | $15,144 | $17,781 |
Source: Ownwell
$1,148
Average Massapequa 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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