Nassau, Rensselaer County, New York Property Taxes

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

Median Nassau, NY effective property tax rate: 2.89%, significantly higher than the national median of 1.02%, but lower than the NY state median of 2.39%.
Median Nassau, NY home value: $209,367
Median annual Nassau, NY tax bill: $5,960, $3,560 higher than the national median property tax bill of $2,400.

How are property taxes in Rensselaer calculated?

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

Last Updated March 1, 2025

Nassau, Rensselaer County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.89%

Estimate Property Tax Bill

$6,051

$5,615

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

Property Tax Rates Across Nassau, Rensselaer County, New York

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Nassau’s effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S. Nassau, located in Nassau County, New York, has a median property tax rate of 2.11%, which is significantly higher than the national median of 1.02%. The median property tax bill in Nassau is $11,232, far exceeding the national median of $2400. This makes Nassau one of the regions with the highest property tax burdens. New York's overall median property tax rate is 1.72%, which is also above the national median. This comparison highlights the substantial variation in property tax obligations across different regions and underscores the importance of understanding local tax dynamics.

Property Tax Rates Across Nassau, Rensselaer County, New York

Source: Ownwell

2.02%

2.68%

3.35%

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 Tax Rate

2.89%

Median Effective Rensselaer County Tax Rate

2.60%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Nassau, Rensselaer County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
12123	2.35%	2.86%	2.89%	2.96%	3.12%

Source: Ownwell

Property Tax Assessment Values Across Nassau, Rensselaer County, New York

When examining property taxes in Nassau, 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 Rensselaer 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 Rensselaer County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Nassau. For example, the median home price in Nassau is $209,367, with tax bills ranging significantly across the county. 12123 has the highest median home price at $209,367.

Property Tax Assessment Values Across Nassau, Rensselaer County, New York

Source: Ownwell

$103,188

$254,822

$406,456

Median Nassau Market Value

$209,367

Median Rensselaer County Market Value

$193,797

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Nassau, Rensselaer County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
12123	$112,903	$155,949	$209,367	$290,323	$392,379

Source: Ownwell

Property Tax Bills Across Nassau, Rensselaer County, New York

In Nassau, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The tax rate is influenced by the budgetary needs of the local government and school districts. Factors such as property location, size, and improvements can affect the assessed value. Homeowners in Nassau face a median tax bill of $5,960, significantly higher than the national median of $2,400. This disparity can place a financial strain on homeowners, making it crucial to explore potential savings.

Ownwell can assist homeowners in Nassau by reviewing their property's assessed value and identifying opportunities for appeal. By ensuring that your property is fairly assessed, Ownwell can help reduce your tax bill, potentially saving you thousands of dollars. With expert knowledge of local tax codes and a commitment to client savings, Ownwell is a valuable ally in managing property tax expenses.

Property Tax Bills Across Nassau, Rensselaer County, New York

Source: Ownwell

$1,989

$5,748

$9,506

Median Nassau Tax Bill

$5,960

Median Rensselaer County Tax Bill

$5,040

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Nassau, Rensselaer County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
12123	$3,007	$4,385	$5,960	$8,252	$11,445

Source: Ownwell