Richmond Hill, Queens County, New York Property Taxes

Name: Property Tax Bills Across Richmond Hill, Queens County, New York
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Richmond Hill, NY effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Richmond Hill, NY home value: $865,000
Median annual Richmond Hill, NY tax bill: $6,604, $4,204 higher than the national median property tax bill of $2,400.

How are property taxes in Queens calculated?

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

Last Updated March 1, 2025

Richmond Hill, Queens County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.79%

Estimate Property Tax Bill

$6,834

$6,341

Ownwell’s Richmond Hill Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Richmond Hill with just two data points. By entering your property's estimated assessed value, our calculator applies Richmond Hill’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 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 Queens County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Richmond Hill, Queens County, New York

Local government entities are responsible for setting property tax rates, which can vary significantly within a state. Each county annually estimates its required budget for services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate.

While votes and laws play a role in setting tax rates and budgets, this process essentially determines the annual property tax rate. In Richmond Hill, located in Queens County, New York, the effective property tax rate is a reflection of this process.

Comparatively, the effective property tax rate in Richmond Hill aligns with the median tax rate in New York, which is notably lower than the national median property tax rate of 1.02%. This can be seen as advantageous for property owners in Richmond Hill, making it a potentially attractive location for homeowners looking to manage their property tax expenses. By understanding the local tax structure, property owners can better anticipate their annual tax obligations and plan accordingly.

Property Tax Rates Across Richmond Hill, Queens County, New York

Source: Ownwell

0.57%

2.37%

4.16%

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 Richmond Hill Tax Rate

0.79%

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 Richmond Hill, Queens County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
11418	0.63%	0.72%	0.79%	0.89%	1.15%

Source: Ownwell

Property Tax Assessment Values Across Richmond Hill, Queens County, New York

When examining property taxes in Richmond Hill, 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 June. 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 Richmond Hill. For example, the median home price in Richmond Hill is $865,000, with tax bills ranging significantly across the county. 11418 has the highest median home price at $865,000.

Property Tax Assessment Values Across Richmond Hill, Queens County, New York

Source: Ownwell

$125,000

$144,197,263

$288,269,526

Median Richmond Hill Market Value

$865,000

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 Richmond Hill, Queens County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
11418	$592,000	$720,000	$865,000	$1,096,000	$4,621,000

Source: Ownwell

Property Tax Bills Across Richmond Hill, Queens County, New York

In Richmond Hill, Queens, NY, property tax bills are calculated based on the assessed value of a home, which is a percentage of the property's market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. In Richmond Hill, the property tax bill at the 25th percentile is $5,509, significantly higher than the national median property tax bill of $2,400. Factors such as property type, location, and any applicable exemptions influence the final tax bill. High property tax bills can place a financial strain on homeowners, making it essential to explore potential savings.

Ownwell offers valuable assistance in this area. By providing expert property tax appeal and exemption services, Ownwell helps homeowners in Richmond Hill potentially reduce their tax burden. Our team navigates the complexities of property tax laws, ensuring homeowners receive accurate assessments and benefit from all eligible exemptions. With Ownwell's expertise, homeowners can achieve significant savings on their property tax bills, easing the financial pressure of homeownership.

Property Tax Bills Across Richmond Hill, Queens County, New York

Source: Ownwell

$1,506

$8,810

$16,113

Median Richmond Hill Tax Bill

$6,604

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 Richmond Hill, Queens County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
11418	$4,576	$5,509	$6,604	$7,778	$9,178

Source: Ownwell

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Dates

Links
Queens Assessment Review Commission
Website	propertyinformationportal.nyc.gov