Muttontown, New York Property Taxes
The median property tax rate in Muttontown, NY is 1.78%, 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 Muttontown, the typical annual property tax bill reaches $9,877, significantly exceeding the national median of $2,690. Property taxes in Muttontown 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 Muttontown'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 Muttontown 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
Muttontown, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.78%
Estimate Property Tax Bill
$4,948
$4,893
$1,148
Average Muttontown, New York Tax Savings
Ownwell’s Muttontown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Muttontown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Muttontown 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 Muttontown. 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 Muttontown, New York
Property taxes in Muttontown, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Muttontown is 1.78%, significantly higher than the U.S. national median of 0.99%. Local government entities within Muttontown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Muttontown 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. Understanding how these cities compare with Muttontown 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 Muttontown Tax Rate
1.78%
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 Muttontown, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11791 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,148
Average Muttontown Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Muttontown, New York
In Muttontown, NY, 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 Department of Assessment 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. 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 Muttontown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Muttontown, New York
Source: Ownwell
$37,000
$1,990,750
$3,944,500
Average Muttontown Assessed Value
$278,000
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 Muttontown, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11791 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,148
Average Muttontown Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Muttontown, New York
Property tax bills in Muttontown, located in 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 assessor and reflects a percentage of the property's market value. Nassau County's property tax rate significantly exceeds the national median of 0.99%, with homeowners paying a substantial amount in property taxes. For instance, the median home price in Muttontown is $278,000, and many homeowners face tax bills as high as $9,877, which is far above the national average. Several factors influence the tax bill, including property size, location, and any improvements made. High property taxes can place a considerable financial burden on homeowners, potentially affecting their ability to maintain and invest in their homes. Ownwell offers expert property tax appeal and exemption services to help Muttontown homeowners reduce their tax bills. By leveraging local market data and legal expertise, Ownwell can identify over-assessments and secure significant savings, ensuring homeowners pay only their fair share.
Average Muttontown Tax Bill
$9,877
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 Muttontown, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11791 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,148
Average Muttontown Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to file a grievance!
Dates | |
|---|---|
| Appeal Deadline | March 18 |
Links | |
|---|---|
| Nassau Assessment Review Commission | |
| Website | lrv.nassaucountyny.gov |
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