Maspeth, Queens County, New York Property Taxes
Median Maspeth, NY effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Maspeth, NY home value: $935,000
Median annual Maspeth, NY tax bill: $6,822, $4,422 higher than the national median property tax bill of $2,400.
How are property taxes in Queens calculated?
Property taxes in Maspeth, 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 Maspeth’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Maspeth, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Maspeth, Queens County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.72%
Estimate Property Tax Bill
$6,732
$6,247
Property Tax Rates Across Maspeth, Queens County, New York
Local government entities are responsible for setting tax rates, and these can vary significantly even within a single state. Each year, counties like Queens estimate the budget needed to provide essential services and divide this by the total value of all taxable properties in the area. This process determines the property tax rate. Although votes and legislation play a role in setting these rates and budgets, this is essentially the annual procedure.
In Maspeth, located in Queens, NY, the effective property tax rate is a key figure to consider. When compared to other cities in New York and even nationwide, Maspeth's rate provides an interesting perspective. The median property tax rate in New York is generally lower than the national median of 1.02%, and Maspeth aligns with this trend. Understanding these rates can help property owners make informed decisions regarding their investments. Whether you're considering purchasing property or appealing your current tax assessment, knowing the local tax landscape is crucial.
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 Maspeth Tax Rate
0.72%
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 Maspeth, Queens County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11378 | 0.49% | 0.63% | 0.72% | 0.82% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Maspeth, Queens County, New York
When examining property taxes in Maspeth, 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.
Assessment notices: In Queens County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Maspeth. For example, the median home price in Maspeth is $935,000, with tax bills ranging significantly across the county. Zip code 11378 has the highest median home price at $935,000.
Property Tax Assessment Values Across Maspeth, Queens County, New York
Source: Ownwell
$125,000
$144,197,263
$288,269,526
Median Maspeth Market Value
$935,000
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 Maspeth, Queens County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11378 | $611,000 | $805,000 | $935,000 | $1,084,000 | $1,314,000 |
Source: Ownwell
Property Tax Bills Across Maspeth, Queens County, New York
In Maspeth, Queens, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessors. The median home price in Maspeth is $935,000, influencing the tax bill considerably. Tax rates are applied to the assessed value, which can vary significantly. For instance, homeowners in Maspeth can expect a tax bill ranging from $5,601 at the 25th percentile to $10,029 at the 90th percentile. The median tax bill in the area is $6,822, notably higher than the national median of $2,400. This disparity can be a burden for homeowners, making understanding and potentially appealing these assessments crucial.
Ownwell assists homeowners by providing property tax appeal and exemption services. By analyzing property assessments and market conditions, Ownwell identifies opportunities to reduce tax liabilities. Their expertise ensures homeowners pay only their fair share, potentially saving them thousands annually. With Ownwell's support, navigating the complexities of property taxes becomes more manageable, offering peace of mind and financial relief.
Median Maspeth Tax Bill
$6,822
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 Maspeth, Queens County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11378 | $4,231 | $5,601 | $6,822 | $8,039 | $10,029 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Queens Assessment Review Commission | |
| Website | propertyinformationportal.nyc.gov |