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Wading River, Suffolk County, New York Property Taxes

  • Median Wading River, NY effective property tax rate: 2.14%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.

  • Median Wading River, NY home value: $496,055

  • Median annual Wading River, NY tax bill: $11,621, $9,221 higher than the national median property tax bill of $2,400.

How are property taxes in Suffolk calculated?

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

Last Updated March 1, 2025

Wading River, Suffolk County, New York Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.14%

Estimate Property Tax Bill

$10,616

$9,851

SAVE WITH OWNWELL

$1,102

Average Tax Savings

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

Local government entities set tax rates, which can vary widely within a state. Why? 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. Below, you can compare Wading River’s effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S.

In Wading River, located in Suffolk County, property owners face an effective tax rate of 2.14%. This is significantly higher than the national median property tax rate of 1.02%. When compared to the national median property tax bill of $2400, residents in Wading River may find themselves paying more due to the higher local tax rate. Understanding these rates can help property owners make informed decisions, especially when considering an appeal or exemption. By evaluating how Wading River compares to other areas, residents can better navigate their property tax responsibilities and explore potential savings opportunities.

Property Tax Rates Across Wading River, 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 Wading River Tax Rate

2.14%

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 Wading River, Suffolk County, New York

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
117921.58%1.94%2.14%2.46%2.54%

Source: Ownwell

Property Tax Assessment Values Across Wading River, Suffolk County, New York

When examining property taxes in Wading River, 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 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 Wading River.

For example, the median home price in Wading River is $496,055, with tax bills ranging significantly across the county. Zip code 11792 has the highest median home price at $496,055.

Property Tax Assessment Values Across Wading River, Suffolk County, New York

Source: Ownwell

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$3,298

$3,252,219

$6,501,139

Median Wading River Market Value

$496,055

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 Wading River, Suffolk County, New York

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
11792$6,608$337,278$496,055$640,040$765,286

Source: Ownwell

Property Tax Bills Across Wading River, Suffolk County, New York

Wading River in Suffolk County, NY, has a property tax system where the tax bill is calculated based on the assessed value of the home, which is determined by the local tax authorities. The assessed value is a percentage of the market value of the property. The tax rate is then applied to this assessed value to determine the annual tax bill. In Wading River, the median property tax bill is notably higher than the national median of $2,400, with figures reaching up to $11,621. Factors like location, property size, and improvements can influence the assessed value, impacting the homeowner's tax bill significantly. This can create a financial burden for homeowners, especially when compared to the national median property tax rate of 1.02%. Ownwell offers assistance by reviewing and appealing property tax assessments, potentially lowering the tax bill. By leveraging expertise in property tax laws and local market trends, Ownwell can help homeowners in Wading River reduce their property tax burden, ensuring they only pay what is fair.

Property Tax Bills Across Wading River, Suffolk County, New York

Source: Ownwell

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$2,771

$10,909

$19,046

Median Wading River Tax Bill

$11,621

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 Wading River, Suffolk County, New York

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
11792$5,395$7,720$11,621$15,368$18,496

Source: Ownwell

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