West Hempstead, New York Property Taxes
The median property tax rate in West Hempstead, NY is 2.37%, 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 West Hempstead, the typical annual property tax bill reaches $11,741, far exceeding the national median of $2,690. Property taxes in West Hempstead 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 West Hempstead'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 West Hempstead or another part of Nassau County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
West Hempstead, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.37%
Estimate Property Tax Bill
$11,874
$11,018
$1,148
Average Tax Savings
Ownwell’s West Hempstead Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in West Hempstead with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in West Hempstead 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 West Hempstead. 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 West Hempstead, New York
Property taxes in West Hempstead, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Hempstead is 2.37%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within West Hempstead set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Hempstead 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 West Hempstead's effective property tax rate to other counties in New York and the national median. For comparison, the 11552 zip code has the highest median property tax rate of 2.37%, while the same zip code also has the lowest median tax rate of 2.37%. Understanding how these cities compare with West Hempstead 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 West Hempstead Tax Rate
2.37%
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 West Hempstead, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11552 | 1.80% | 2.11% | 2.37% | 2.58% | 2.79% |
Source: Ownwell
$1,148
Average West Hempstead Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across West Hempstead, New York
In West Hempstead, 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 West Hempstead, 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 West Hempstead helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $11,741 in the 11552 zip code.
Property Tax Assessment Values Across West Hempstead, New York
Source: Ownwell
$37,000
$1,990,750
$3,944,500
Average West Hempstead Assessed Value
$501,000
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 West Hempstead, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11552 | $400,000 | $443,000 | $501,000 | $566,000 | $651,000 |
Source: Ownwell
$1,148
Average West Hempstead Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across West Hempstead, New York
In West Hempstead, Nassau County, NY, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $501,000, and the property tax rate is significantly higher than the national median of 0.99%. Homeowners in West Hempstead experience a wide range of tax bills, from the 25th percentile at $10,032 to the 90th percentile at $15,761. The highest and lowest median tax bills in the area are both $11,741, indicating a consistent burden on property owners. Factors influencing property tax bills include the property's assessed value, local tax rates, and any applicable exemptions. High property taxes can strain household budgets, making it crucial for homeowners to seek ways to reduce their tax liabilities. Ownwell offers property tax appeal and exemption services to help homeowners lower their tax bills. By analyzing property assessments and market conditions, Ownwell identifies opportunities for tax savings, potentially reducing the financial burden on homeowners in West Hempstead.
Average West Hempstead Tax Bill
$11,741
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 West Hempstead, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11552 | $8,314 | $10,032 | $11,741 | $13,586 | $15,761 |
Source: Ownwell
$1,148
Average West Hempstead 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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