Forest Hills, Queens County, New York Property Taxes
Median Forest Hills, NY effective property tax rate: 0.78%, significantly lower than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Forest Hills, NY home value: $6,231,000
Median annual Forest Hills, NY tax bill: $8,874, $6,474 higher than the national median property tax bill of $2,400.
How are property taxes in Queens calculated?
Property taxes in Forest Hills, 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 Forest Hills’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Forest Hills, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Forest Hills, Queens County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.78%
Estimate Property Tax Bill
$48,602
$45,101
Property Tax Rates Across Forest Hills, Queens County, New York
Local government entities in New York, like those across the nation, set property tax rates that can differ significantly within the state. This is primarily because each county, such as Queens, annually calculates its budgetary needs to maintain services and then divides this by the total assessed value of all taxable property within its jurisdiction. This process determines the property tax rate. While the setting of these rates involves votes and legislative measures, this is essentially how it unfolds each year.
In Forest Hills, located in Queens County, the effective property tax rate stands out when compared to other cities in New York. The median property tax rate in Forest Hills aligns with the highest and lowest rates in the area, indicating a uniformity within the region. However, when compared to the national median property tax rate of 1.02%, Forest Hills offers a more favorable rate. This provides residents with a potential advantage, as they may benefit from lower property tax bills compared to the national average, which can be a significant consideration for homeowners.
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 Forest Hills Tax Rate
0.78%
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 Queens County Tax Rate
0.78%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Forest Hills, Queens County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11375 | 0.58% | 0.68% | 0.78% | 0.96% | 5.28% |
Source: Ownwell
Property Tax Assessment Values Across Forest Hills, Queens County, New York
When examining property taxes in Forest Hills, 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 Queens 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 Queens 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 Forest Hills.
For example, the median home price in Forest Hills is $6,231,000, with tax bills ranging significantly across the county. 11375 has the highest median home price at $6,231,000.
Property Tax Assessment Values Across Forest Hills, Queens County, New York
Source: Ownwell
$125,000
$144,197,263
$288,269,526
Median Forest Hills Market Value
$6,231,000
Median Queens County Market Value
$885,000
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Forest Hills, Queens County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11375 | $71,072 | $1,116,000 | $6,231,000 | $10,986,000 | $24,601,000 |
Source: Ownwell
Property Tax Bills Across Forest Hills, Queens County, New York
In Forest Hills, located in Queens County, NY, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in this area is $6,231,000, significantly higher than the national median. With property tax rates being a crucial factor, homeowners in Forest Hills face tax bills that can be substantial. For instance, the 25th percentile tax bill is $6,886, while the 75th percentile climbs to $11,831, and the 90th percentile reaches $17,149. These figures highlight the financial impact on homeowners, especially when compared to the national median property tax bill of $2,400.
Ownwell offers a solution by providing property tax appeal and exemption services, potentially reducing these burdensome tax bills. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners navigate the appeal process to ensure fair taxation. This service can lead to significant savings, making homeownership more affordable in a region where property taxes can otherwise be a heavy financial strain.
Median Forest Hills Tax Bill
$8,874
Median Queens County Tax Bill
$6,676
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Forest Hills, Queens County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11375 | $4,268 | $6,886 | $8,874 | $11,831 | $17,149 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
|---|
Links | |
|---|---|
| Queens Assessment Review Commission | |
| Website | propertyinformationportal.nyc.gov |