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Sagaponack, Suffolk County, New York Property Taxes

  • Median Sagaponack, NY effective property tax rate: 0.23%, significantly lower than the national median of 1.02%, but lower than the New York state median of 2.39%.

  • Median Sagaponack, NY home value: $6,501,139

  • Median annual Sagaponack, NY tax bill: $12,073, $9,673 higher than the national median property tax bill of $2,400.

How are property taxes in Suffolk calculated?

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

Last Updated March 1, 2025

Sagaponack, Suffolk County, New York Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.23%

Estimate Property Tax Bill

$14,953

$13,876

SAVE WITH OWNWELL

$1,102

Average Tax Savings

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

Property Tax Rates Across Sagaponack, Suffolk County, New York

Local government entities set tax rates, which can vary widely within a state. This is because annually, 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.

Suffolk County, home to Sagaponack, stands out with its effective property tax rate. Compared to the national median property tax rate of 1.02%, Sagaponack's rate is significantly lower, offering property owners a considerable advantage. This lower rate can be particularly appealing for those considering property investments or relocations.

However, it's essential to consider that while the tax rate is an important factor, the assessed value of properties in Sagaponack can be high, potentially resulting in substantial tax bills despite the low rate. This contrasts with the national median property tax bill of $2400. Understanding these nuances can help property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Sagaponack, Suffolk County, New York

Source: Ownwell

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0.16%

1.54%

2.91%

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 Sagaponack Tax Rate

0.23%

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 Suffolk County Tax Rate

108.95%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Sagaponack, Suffolk County, New York

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
119620.15%0.15%0.23%0.53%0.53%

Source: Ownwell

Property Tax Assessment Values Across Sagaponack, Suffolk County, New York

When examining property taxes in Sagaponack, 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 Suffolk 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 Suffolk 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 Sagaponack. For example, the median home price in Sagaponack is $6,501,139, with tax bills ranging significantly across the county. 11962 has the highest median home price at $6,501,139.

Property Tax Assessment Values Across Sagaponack, Suffolk County, New York

Source: Ownwell

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$3,298

$3,252,219

$6,501,139

Median Sagaponack Market Value

$6,501,139

Median Suffolk County Market Value

$6,290

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Sagaponack, Suffolk County, New York

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
11962$1,479,747$2,357,215$6,501,139$10,095,443$16,829,240

Source: Ownwell

Property Tax Bills Across Sagaponack, Suffolk County, New York

In Sagaponack, located in Suffolk County, NY, property tax bills are determined by assessing the property's market value and applying the local tax rate. For homeowners, this means their tax bill is directly influenced by the assessed value of their property. With a median home price of $6,501,139, Sagaponack's property tax bills can be quite significant. The median tax bill in this area is $12,073, considerably higher than the national median of $2,400. Homeowners in the 25th percentile pay around $8,354, while those in the 75th percentile face bills of approximately $19,413. At the 90th percentile, tax bills can soar to $28,849. These substantial tax bills can place a financial burden on homeowners, making it essential to explore potential savings. Ownwell offers property tax appeal services that can help homeowners reduce their tax liabilities. By analyzing property assessments and identifying discrepancies, Ownwell aids homeowners in securing fairer tax evaluations, potentially leading to significant savings on their annual property tax bills.

Property Tax Bills Across Sagaponack, Suffolk County, New York

Source: Ownwell

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$2,771

$10,909

$19,046

Median Sagaponack Tax Bill

$12,073

Median Suffolk County Tax Bill

$10,006

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Sagaponack, Suffolk County, New York

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
11962$4,627$8,354$12,073$19,413$28,849

Source: Ownwell

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