Property Taxes in Hempstead, New York
Median Hempstead, New York effective property tax rate: 0.26%, significantly lower than the national median of 1.02%, and lower than the New York state median of 1.90%.
Median Hempstead, New York home value: $351,000
Median annual Hempstead, New York tax bill: $896, $1,504 lower than the national median property tax bill of $2,400.
How are property taxes in Nassau calculated?
Property taxes in Hempstead, New York 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 Hempstead's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hempstead, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Hempstead Property Tax Calculator Work?
Use this Hempstead property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Hempstead's median effective tax rate of 0.26% — based on actual property records in Nassau County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Hempstead's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Hempstead: rates range from 0.26% in 11550 to 0.26% in 11550, primarily due to differences in school district levies and local assessment districts.
If your estimate is higher than expected, Ownwell can appeal your Hempstead assessment — you only pay if we save you money.
About Hempstead Property Taxes
About Property Taxes in Hempstead, Nassau, New York
Hempstead’s median effective property tax rate of 0.26% is lower than the New York state median of 1.90% and lower than the national median of 1.02%. This rate reflects the Nassau County base levy combined with local school district levies and special district levies that vary by subdivision throughout the city.
Property tax rates are not uniform across Hempstead. Homeowners in the 11550 ZIP code carry a median effective rate of 0.26%, while those in the lowest ZIP also pay 0.26%. This spread reflects how school district boundaries and local assessment districts are drawn across Nassau County. Understanding which part of Hempstead you live in can make a meaningful difference to your annual tax bill.
Hempstead homeowners who believe their assessed value is too high can file a formal appeal with the Assessment Review Commission before the March 31, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Hempstead, Nassau County, New York
As noted earlier, 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 Hempstead's effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S.
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 Hempstead Tax Rate
0.26%
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 County Tax Rate
1.55%
Median Effective New York Tax Rate
1.90%
Median Effective United States Tax Rate
1.27%
Hempstead, New York vs Similar New York Cities
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 Oyster Bay Tax Rate
0.90%
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 Islip Tax Rate
2.24%
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 New York Tax Rate
5.03%
Property Tax Rates Across Hempstead, Nassau County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11550 | 0.23% | 0.25% | 0.26% | 0.27% | 0.27% |
| 11551 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Save on Your Property Taxes and More With Ownwell
$1,462
Average Annual Tax Savings
Property Tax Assessment Values Across Hempstead, Nassau County, New York
When examining property taxes in Hempstead, New York, 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 Nassau 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 Nassau County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
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 Hempstead.
For example, the median home price in Hempstead is $351,000, with tax bills ranging significantly across the county. 11550 has the highest median home price at $351,000.
Property Tax Assessment Values Across Hempstead, Nassau County, New York
Source: Ownwell
$351,000
$2,146,500
$3,942,000
Median Hempstead Market Value
$351,000
Median Nassau County Market Value
$518,000
Median New York Market Value
$312,500
Median United States Market Value
$274,101
Hempstead, New York vs Similar New York Cities
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 Oyster Bay Market Value
$724,000
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 Islip Market Value
$549,296
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 New York Market Value
$5,128,000
Property Tax Assessment Values Across Hempstead, Nassau County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11550 | $284,000 | $316,000 | $351,000 | $390,000 | $435,000 |
| 11551 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Save on Your Property Taxes and More With Ownwell
$1,462
Average Annual Tax Savings
Property Tax Bills Across Hempstead, Nassau County, New York
Property tax bills in Hempstead are calculated using the assessed value of a home and the local tax rate set by taxing authorities. The bill is based on how the property is valued for tax purposes, not what a homeowner originally paid for it. For homeowners, this means a higher assessed value can lead to a higher tax bill, even if the market has changed. In Hempstead, the median home price is $351,000, and the median property tax bill is $896, which is below the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.
Tax bills can still vary widely, with the 25th percentile at $795 and the 75th percentile at $1,001. Ownwell helps homeowners lower property tax bills by reviewing assessments, identifying opportunities for appeals, and helping uncover exemptions that may reduce what you owe.
Median Hempstead Tax Bill
$896
Median Nassau County Tax Bill
$3,634
Median New York Tax Bill
$5,420
Median United States Tax Bill
$3,209
Hempstead, New York vs Similar New York Cities
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 Oyster Bay Tax Bill
$5,349
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 Islip Tax Bill
$12,013
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 New York Tax Bill
$16,951
Property Tax Bills Across Hempstead, Nassau County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11550 | $682 | $795 | $896 | $1,001 | $1,128 |
| 11551 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Save on Your Property Taxes and More With Ownwell
$1,462
Average Annual Tax Savings
Don't miss the deadline to file a grievance!
Dates | |
|---|---|
| Appeal Deadline | March 31 |
Links | |
|---|---|
| Nassau Assessment Review Commission | |
| Website | lrv.nassaucountyny.gov |