Valley Stream, Nassau County, New York Property Taxes
Median Valley Stream, NY effective property tax rate: 1.94%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Valley Stream, NY home value: $485,000
Median annual Valley Stream, NY tax bill: $9,534, $7,134 higher than the national median property tax bill of $2,400.
How are property taxes in Nassau calculated?
Property taxes in Valley Stream, 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 Valley Stream’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Valley Stream, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Valley Stream, Nassau County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.94%
Estimate Property Tax Bill
$9,409
$8,731
$1,102
Average Tax Savings
Property Tax Rates Across Valley Stream, Nassau County, New York
Local government entities are responsible for setting property tax rates, and these can differ significantly within a state. The process involves each county estimating its necessary budget to fund services and then dividing that by the total value of all taxable property in its area, resulting in the property tax rate. While there are votes and regulations that influence the setting of tax rates and budgets, this is essentially how it works each year.
In Valley Stream, located in Nassau County, NY, the effective property tax rate is notably higher than the national median of 1.02%. When compared to other cities in New York, Valley Stream's tax rate is among the highest, with the zip code 11581 leading the way. Meanwhile, the neighboring zip code 11580 has a slightly lower rate, yet it still exceeds the national average.
This comparison highlights the variance in property tax rates within a single county and underscores the importance of understanding local tax obligations. Valley Stream residents should be aware of these rates, as they directly impact their annual property tax bills.
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 Valley Stream Tax Rate
1.94%
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 Valley Stream, Nassau County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11565 | 1.54% | 1.71% | 1.98% | 2.36% | 2.63% |
| 11580 | 1.48% | 1.71% | 1.93% | 2.17% | 2.37% |
| 11581 | 1.40% | 1.62% | 1.98% | 2.33% | 2.72% |
Source: Ownwell
$1,102
Average Valley Stream Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Assessment Values Across Valley Stream, Nassau County, New York
When examining property taxes in Valley Stream, 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 April. 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 Valley Stream.
For example, the median home price in Valley Stream is $485,000, with tax bills ranging significantly across the county. ZIP code 11581 has the highest median home price at $518,000.
Property Tax Assessment Values Across Valley Stream, Nassau County, New York
Source: Ownwell
$353,000
$2,148,750
$3,944,500
Median Valley Stream Market Value
$485,000
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 Valley Stream, Nassau County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11565 | $393,700 | $433,000 | $452,500 | $470,000 | $482,900 |
| 11580 | $406,000 | $441,000 | $476,000 | $517,000 | $571,000 |
| 11581 | $415,000 | $451,000 | $518,000 | $671,000 | $780,000 |
Source: Ownwell
$1,102
Average Valley Stream Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Bills Across Valley Stream, Nassau County, New York
Median Valley Stream Tax Bill
$9,534
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 Valley Stream, Nassau County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11565 | $7,347 | $7,460 | $9,120 | $10,328 | $12,079 |
| 11580 | $6,591 | $7,918 | $9,191 | $10,562 | $12,003 |
| 11581 | $7,122 | $8,589 | $10,546 | $12,837 | $16,899 |
Source: Ownwell
$1,102
Average Valley Stream Tax Savings
Save on your property taxes & more with Ownwell
Don't miss the deadline to file a grievance!
Dates | |
|---|---|
| Appeal Deadline | April 1 |
Links | |
|---|---|
| Nassau Assessment Review Commission | |
| Website | lrv.nassaucountyny.gov |
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