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Speonk, Suffolk County, New York Property Taxes

  • Median Speonk, NY effective property tax rate: 0.62%, significantly lower than the national median of 1.02%, but lower than the New York state median of 2.39%.

  • Median Speonk, NY home value: $491,646

  • Median annual Speonk, NY tax bill: $5,369, $2,969 higher than the national median property tax bill of $2,400.

How are property taxes in Suffolk calculated?

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

Last Updated March 1, 2025

Speonk, Suffolk County, New York Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.62%

Estimate Property Tax Bill

$3,048

$2,829

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Speonk Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Speonk with just two data points. By entering your property's estimated assessed value, our calculator applies Speonk’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 Speonk, Suffolk County, New York

Local government entities set tax rates, which can vary widely within a state. This is because each county annually 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. In Speonk, located in Suffolk County, NY, the effective property tax rate is 0.62%. Compared to the national median property tax rate of 1.02%, Speonk offers a more favorable rate for property owners. The median property tax bill in the U.S. is $2,400, which contrasts with the rates in Speonk. This makes Speonk an attractive option for those looking to save on property taxes. Whether you're a current resident or considering a move, understanding these rates can significantly impact your financial planning.

Property Tax Rates Across Speonk, 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 Speonk Tax Rate

0.62%

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 Speonk, Suffolk County, New York

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
119720.59%0.62%0.62%2.06%2.06%

Source: Ownwell

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

When examining property taxes in Speonk, 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.

In Suffolk 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 Speonk. For example, the median home price in Speonk is $491,646, with tax bills ranging significantly across the county. Zip code 11972 has the highest median home price at $491,646.

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

Source: Ownwell

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$3,298

$3,252,219

$6,501,139

Median Speonk Market Value

$491,646

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 Speonk, Suffolk County, New York

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
11972$164,684$270,949$491,646$732,468$1,027,570

Source: Ownwell

Property Tax Bills Across Speonk, Suffolk County, New York

In Speonk, Suffolk County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The tax rate is applied to this assessed value to calculate the annual tax bill. Factors such as changes in market value, local budget requirements, and tax exemptions influence the tax bill. For homeowners in Speonk, the median tax bill is $5,369, which is significantly higher than the national median of $2,400. This high tax burden can impact homeowners' finances, making it essential to explore potential savings.

Ownwell offers a solution by helping homeowners appeal their property tax assessments. By reviewing assessment data and comparing it to market conditions, Ownwell identifies opportunities for reductions. This service ensures homeowners are not overpaying on their property taxes. In a region where the tax bill can reach up to $11,322, utilizing Ownwell's expertise can lead to substantial savings, easing the financial strain on homeowners.

Property Tax Bills Across Speonk, Suffolk County, New York

Source: Ownwell

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$2,771

$10,909

$19,046

Median Speonk Tax Bill

$5,369

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 Speonk, Suffolk County, New York

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
11972$3,018$3,408$5,369$7,920$11,322

Source: Ownwell

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