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Old Westbury, Nassau County, New York Property Taxes

  • Median Old Westbury, NY effective property tax rate: 1.85%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.

  • Median Old Westbury, NY home value: $1,812,000

  • Median annual Old Westbury, NY tax bill: $34,708, $32,308 higher than the national median property tax bill of $2,400.

How are property taxes in Nassau calculated?

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

Last Updated March 1, 2025

Old Westbury, Nassau County, New York Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.85%

Estimate Property Tax Bill

$33,522

$31,107

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Old Westbury Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Old Westbury with just two data points. By entering your property's estimated assessed value, our calculator applies Old Westbury’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 Old Westbury, Nassau County, New York

Local government entities in New York set tax rates that can vary significantly across different areas. Each county, including Nassau, calculates its property tax rate by estimating the required budget for public services and dividing that by the total value of all taxable property within the jurisdiction. This process, while influenced by votes and legislation, essentially determines the annual property tax rate.

In Old Westbury, located within Nassau County, the effective property tax rate stands at 1.85%, which is notably higher than the national median of 1.02%. This reflects the higher property values and budgetary requirements typical of the area. When comparing Old Westbury’s rate to other cities in New York, it aligns with the highest median tax rate in the state, as seen in Nassau County.

Understanding these rates is crucial for property owners, as it impacts annual tax bills, which in Old Westbury are likely to exceed the national median of $2,400. By staying informed, property owners can better navigate their financial responsibilities and explore potential savings through property tax appeals or exemptions.

Property Tax Rates Across Old Westbury, 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 Old Westbury Tax Rate

1.85%

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 Old Westbury, Nassau County, New York

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
115681.62%1.72%1.85%2.05%2.33%

Source: Ownwell

Property Tax Assessment Values Across Old Westbury, Nassau County, New York

When examining property taxes in Old Westbury, 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 Old Westbury. For example, the median home price in Old Westbury is $1,812,000, with tax bills ranging significantly across the county. Zip code 11568 has the highest median home price at $1,812,000.

Property Tax Assessment Values Across Old Westbury, Nassau County, New York

Source: Ownwell

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$353,000

$2,148,750

$3,944,500

Median Old Westbury Market Value

$1,812,000

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 Old Westbury, Nassau County, New York

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
11568$1,134,000$1,393,000$1,812,000$2,423,000$3,416,000

Source: Ownwell

Property Tax Bills Across Old Westbury, Nassau County, New York

In Old Westbury, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Old Westbury, property tax bills can be significant, with the 25th percentile at $26,201 and the 75th percentile reaching $45,551. The 90th percentile tax bill can soar to $66,902, which is considerably higher than the national median property tax bill of $2,400. With a median home price of $1,812,000, the financial burden of property taxes can be substantial for homeowners. Ownwell offers a solution by providing property tax appeal services. By analyzing the assessed value and comparing it to market trends, Ownwell can help homeowners identify discrepancies and potentially lower their tax bills. This service can lead to significant savings, ensuring homeowners are not overpaying on their property taxes.

Property Tax Bills Across Old Westbury, Nassau County, New York

Source: Ownwell

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$881

$26,756

$52,630

Median Old Westbury Tax Bill

$34,708

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 Old Westbury, Nassau County, New York

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
11568$20,450$26,201$34,708$45,551$66,902

Source: Ownwell

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