North Bellmore, New York Property Taxes
The median property tax rate in North Bellmore, NY is 2.40%, 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 North Bellmore, the typical annual property tax bill reaches $12,120, exceeding the national median of $2,690. Property taxes in North Bellmore 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 North Bellmore'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 North Bellmore 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
North Bellmore, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.4%
Estimate Property Tax Bill
$12,192
$12,055
$1,148
Average North Bellmore, New York Tax Savings
Ownwell’s North Bellmore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Bellmore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Bellmore 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 North Bellmore. 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 North Bellmore, New York
Property taxes in North Bellmore, New York, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in North Bellmore is 2.40%, significantly higher than the U.S. national median of 0.99%. Local government entities within North Bellmore set these rates annually, and they can vary across different neighborhoods. Each year, North Bellmore 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 North Bellmore's effective property tax rate to other counties in New York and the national median. For comparison, the 11710 zip code has both the highest and lowest median property tax rate of 2.40%. Understanding how these areas compare with North Bellmore 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 North Bellmore Tax Rate
2.40%
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 North Bellmore, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11710 | 1.89% | 2.19% | 2.40% | 2.58% | 2.74% |
Source: Ownwell
$1,148
Average North Bellmore Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across North Bellmore, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in North Bellmore, NY. 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. In North Bellmore, 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 North Bellmore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In North Bellmore, the zip code with the highest median tax bill is 11710, with a median tax bill of $12,120. Conversely, the zip code with the lowest median tax bill is also 11710, with the same median tax bill of $12,120.
Property Tax Assessment Values Across North Bellmore, New York
Source: Ownwell
$37,000
$1,990,750
$3,944,500
Average North Bellmore Assessed Value
$508,000
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 North Bellmore, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11710 | $417,000 | $458,000 | $508,000 | $568,000 | $644,000 |
Source: Ownwell
$1,148
Average North Bellmore Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across North Bellmore, New York
Property tax bills in North Bellmore, Nassau County, NY, are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the Nassau County Assessor's Office and reflects a percentage of your property's market value. In North Bellmore, the median home price is $508,000. Homeowners in this area can expect property tax bills ranging from $10,395 at the 25th percentile to $15,955 at the 90th percentile, with the median tax bill being $12,120. Factors influencing your tax bill include the property's assessed value, any applicable exemptions, and the local tax rate. High property taxes can significantly impact homeowners, making it crucial to ensure your assessment is accurate. Ownwell can help homeowners in North Bellmore save on property tax bills by providing expert property tax appeal services. Our team reviews your property’s assessment, gathers market data, and files appeals on your behalf to ensure you’re not overpaying. This can lead to substantial savings and reduce the financial burden of high property taxes.
Average North Bellmore Tax Bill
$12,120
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 North Bellmore, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11710 | $8,676 | $10,395 | $12,120 | $13,940 | $15,955 |
Source: Ownwell
$1,148
Average North Bellmore 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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