Staten Island, New York Property Taxes
The median property tax rate in STATEN ISLAND, NY is 0.85%, which is lower than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in STATEN ISLAND at $698,000, the typical annual property tax bill reaches $5,884, surpassing the national median of $2,690. Property taxes in STATEN ISLAND are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding STATEN ISLAND'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 STATEN ISLAND or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Staten Island, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$5,933
$5,866
Ownwell’s Staten Island Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Staten Island with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Staten Island to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Staten Island, New York
Property taxes in Staten Island, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Staten Island is 0.85%, which is lower than the New York state median and the U.S. national median of 0.99%. Local government entities within Staten Island set these rates annually, and they can vary significantly across different neighborhoods. Each year, Staten Island 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 Staten Island's effective property tax rate to other areas in Richmond County and the national median. For comparison, the 10309 zip code has the highest median property tax rate of 0.94%, while the 10303 zip code has the lowest median tax rate of 0.79%. Understanding how these areas compare with Staten Island provides valuable insights into the varying tax landscape across Richmond County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Staten Island Tax Rate
0.85%
Average Richmond County Tax Rate
0.85%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Staten Island, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10301 | 0.60% | 0.72% | 0.83% | 0.97% | 1.21% |
| 10302 | 0.61% | 0.71% | 0.80% | 0.89% | 0.97% |
| 10303 | 0.59% | 0.71% | 0.79% | 0.87% | 0.96% |
| 10304 | 0.62% | 0.73% | 0.83% | 0.96% | 1.09% |
| 10305 | 0.57% | 0.71% | 0.80% | 0.88% | 0.98% |
| 10306 | 0.59% | 0.72% | 0.83% | 0.93% | 1.04% |
| 10307 | 0.62% | 0.77% | 0.89% | 1.00% | 1.08% |
| 10308 | 0.67% | 0.81% | 0.89% | 0.96% | 1.02% |
| 10309 | 0.73% | 0.85% | 0.94% | 1.01% | 1.07% |
| 10310 | 0.63% | 0.72% | 0.81% | 0.90% | 1.00% |
| 10312 | 0.68% | 0.82% | 0.90% | 0.98% | 1.05% |
| 10314 | 0.62% | 0.76% | 0.85% | 0.94% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Staten Island, New York
In Staten Island, 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 Richmond County Appraisal District 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. 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 Staten Island helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 10307 has the highest median tax bill at $7,553, while 10303 has the lowest at $3,957.
Property Tax Assessment Values Across Staten Island, New York
Source: Ownwell
$516,000
$690,500
$865,000
Average Staten Island Assessed Value
$698,000
Average Richmond County Assessed Value
$698,000
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Staten Island, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10301 | $327,800 | $575,000 | $727,000 | $957,000 | $4,876,000 |
| 10302 | $470,000 | $516,000 | $583,000 | $671,000 | $767,000 |
| 10303 | $366,100 | $453,000 | $516,000 | $592,000 | $687,000 |
| 10304 | $444,000 | $529,000 | $662,000 | $892,000 | $1,326,000 |
| 10305 | $509,000 | $606,326 | $682,000 | $826,000 | $1,018,200 |
| 10306 | $443,700 | $617,000 | $708,000 | $853,000 | $1,052,300 |
| 10307 | $530,000 | $692,000 | $865,000 | $1,093,250 | $1,334,100 |
| 10308 | $537,327 | $631,000 | $704,000 | $808,000 | $945,300 |
| 10309 | $514,000 | $651,000 | $777,000 | $998,000 | $1,251,000 |
| 10310 | $486,000 | $565,000 | $681,000 | $778,000 | $893,000 |
| 10312 | $490,000 | $615,000 | $723,000 | $896,000 | $1,105,000 |
| 10314 | $397,116 | $564,000 | $701,500 | $847,000 | $979,000 |
Source: Ownwell
Property Tax Bills Across Staten Island, New York
In Staten Island, Richmond County, NY, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The assessed value is determined by the local tax assessor and is typically a percentage of the property's market value. Homeowners in Staten Island experience a range of property tax bills, from the 25th percentile at $4,428 to the 75th percentile at $7,441, with the 90th percentile reaching up to $9,362. Several factors influence the tax bill, including property size, location, and any applicable exemptions or abatements. For instance, homes in zip code 10307 face the highest median tax bill at $7,553, whereas those in zip code 10303 have the lowest at $3,957. These tax bills directly impact homeowners by affecting their annual expenses and overall cost of homeownership. Compared to the national median property tax rate of 0.99%, Staten Island's property taxes can be relatively high, influencing decisions on buying, selling, or investing in property within the area.
Average Staten Island Tax Bill
$5,884
Average Richmond County Tax Bill
$5,884
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Staten Island, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10301 | $3,324 | $4,256 | $5,661 | $7,412 | $10,250 |
| 10302 | $3,250 | $3,973 | $4,633 | $5,553 | $6,664 |
| 10303 | $2,617 | $3,275 | $3,957 | $4,789 | $5,729 |
| 10304 | $3,215 | $3,953 | $5,402 | $7,555 | $12,048 |
| 10305 | $3,275 | $4,533 | $5,418 | $6,545 | $8,092 |
| 10306 | $3,131 | $4,549 | $5,900 | $7,314 | $8,940 |
| 10307 | $3,783 | $5,330 | $7,553 | $10,386 | $12,381 |
| 10308 | $3,511 | $5,256 | $6,189 | $7,323 | $8,427 |
| 10309 | $4,183 | $5,591 | $7,245 | $9,451 | $11,848 |
| 10310 | $3,479 | $4,356 | $5,356 | $6,455 | $7,688 |
| 10312 | $3,680 | $5,113 | $6,477 | $8,174 | $10,399 |
| 10314 | $2,884 | $4,302 | $5,993 | $7,297 | $8,474 |
Source: Ownwell