Oyster Bay, Nassau County, New York Property Taxes
Median Oyster Bay, NY effective property tax rate: 1.95%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Oyster Bay, NY home value: $756,000
Median annual Oyster Bay, NY tax bill: $15,011, $12,611 higher than the national median property tax bill of $2,400.
How are property taxes in Nassau calculated?
Property taxes in Oyster Bay, 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 Oyster Bay’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Oyster Bay, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Oyster Bay, Nassau County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.95%
Estimate Property Tax Bill
$14,742
$13,680
$1,102
Average Tax Savings
Property Tax Rates Across Oyster Bay, Nassau County, New York
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 Nassau County Tax Rate
2.10%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Oyster Bay, 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 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 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 Oyster Bay, Nassau County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11771 | 1.36% | 1.57% | 1.95% | 2.23% | 2.40% |
Source: Ownwell
$1,102
Average Oyster Bay Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Assessment Values Across Oyster Bay, Nassau County, New York
When examining property taxes in Oyster Bay, 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 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 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 Oyster Bay.
For example, the median home price in Oyster Bay is $756,000, with tax bills ranging significantly across the county. Zip code 11771 has the highest median home price at $756,000.
Property Tax Assessment Values Across Oyster Bay, Nassau County, New York
Source: Ownwell
$353,000
$2,148,750
$3,944,500
Median Oyster Bay Market Value
$756,000
Median Nassau County Market Value
$537,000
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Oyster Bay, 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 Hempstead Market Value
$353,000
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 Oyster Bay, Nassau County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11771 | $475,000 | $569,000 | $756,000 | $1,331,000 | $2,095,000 |
Source: Ownwell
$1,102
Average Oyster Bay Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Bills Across Oyster Bay, Nassau County, New York
Median Oyster Bay Tax Bill
$15,011
Median Nassau County Tax Bill
$11,613
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Oyster Bay, 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 Hempstead Tax Bill
$6,830
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 Oyster Bay, Nassau County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11771 | $9,653 | $11,772 | $15,011 | $22,726 | $34,702 |
Source: Ownwell
$1,102
Average Oyster Bay Tax Savings
Save on your property taxes & more with Ownwell
Don't miss the deadline to file a grievance!
Dates | |
|---|---|
| Appeal Deadline | April 1 |
Links | |
|---|---|
| Nassau Assessment Review Commission | |
| Website | lrv.nassaucountyny.gov |
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