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Hempstead, Nassau County, New York Property Taxes

  • Median Hempstead, NY effective property tax rate: 2.03%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.

  • Median Hempstead, NY home value: $353,000

  • Median annual Hempstead, NY tax bill: $6,830, $4,430 higher than the national median property tax bill of $2,400.

How are property taxes in Nassau calculated?

Property taxes in Hempstead, 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 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 March 1, 2025

Hempstead, Nassau County, New York Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.03%

Estimate Property Tax Bill

$7,166

$6,650

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Hempstead Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hempstead with just two data points.

By entering your property's estimated assessed value, our calculator applies Hempstead’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 Nassau County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Hempstead, Nassau County, New York

Local government entities determine property tax rates, which can vary significantly within New York. Each year, counties estimate the budget necessary to provide local services and divide it by the total assessed value of all taxable property in the area. This calculation determines the property tax rate. Although votes and regulations play a part in setting these rates and budgets, this is essentially the annual process. Hempstead, located in Nassau County, has an effective property tax rate of 2.03%, which is notably higher than the national median of 1.02%. This rate also surpasses the national median property tax bill of $2,400. When comparing Hempstead's rate with other cities in New York and the U.S., it's evident that residents in Hempstead face a substantial property tax burden. Understanding these rates is crucial for property owners seeking to manage their expenses effectively.

Property Tax Rates Across Hempstead, Nassau County, New York

Source: Ownwell

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0.17%

1.48%

2.78%

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

2.03%

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

2.10%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

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

1.95%

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

2.67%

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

5.41%

Property Tax Rates Across Hempstead, Nassau County, New York

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
115501.21%1.48%2.03%2.47%2.69%
11549N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Hempstead, Nassau County, New York

When examining property taxes in Hempstead, 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 Nassau County Assessor's Office 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 Nassau County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 $353,000, with tax bills ranging significantly across the county. 11550 has the highest median home price at $353,000.

Property Tax Assessment Values Across Hempstead, Nassau County, New York

Source: Ownwell

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$353,000

$2,148,750

$3,944,500

Median Hempstead Market Value

$353,000

Median Nassau County Market Value

$537,000

Median New York Market Value

$255,644

Median United States Market Value

$235,294

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

$756,000

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

$471,014

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

$5,282,000

Property Tax Assessment Values Across Hempstead, Nassau County, New York

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
11550$287,000$318,000$353,000$391,000$436,000
11549N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Hempstead, Nassau County, New York

In Hempstead, located in Nassau County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Hempstead is $353,000, which influences the tax bill amount. Homeowners in Hempstead face property tax bills that range significantly, with the 25th percentile at $5,441 and the 75th percentile at $8,419, reflecting the varied property values and tax rates in the area. Notably, the highest and lowest median tax bills in Hempstead both stand at $6,829, concentrated in the zip code 11550. With a national median property tax rate of 1.02% and a median bill of $2,400, Hempstead's property taxes are considerably higher, impacting homeowners' financial planning. Ownwell can assist homeowners by providing expert guidance and services to appeal their property tax assessments, potentially lowering their tax bills and ensuring they pay only what is fair.

Property Tax Bills Across Hempstead, Nassau County, New York

Source: Ownwell

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$881

$26,756

$52,630

Median Hempstead Tax Bill

$6,830

Median Nassau County Tax Bill

$11,613

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

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

$15,011

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

$12,107

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

$16,181

Property Tax Bills Across Hempstead, Nassau County, New York

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
11550$4,239$5,441$6,829$8,419$9,773
11549N/AN/AN/AN/AN/A

Source: Ownwell

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