Corona, Queens County, New York Property Taxes
Median Corona, NY effective property tax rate: 0.66%, significantly lower than the national median of 1.02%, and lower than the New York state median of 1.90%.
Median Corona, NY home value: $1,150,000
Median annual Corona, NY tax bill: $6,908, $4,508 higher than the national median property tax bill of $2,400.
How are property taxes in Queens calculated?
Property taxes in Corona, 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 Corona's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Corona, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Corona, Queens County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.66%
Estimate Property Tax Bill
$7,590
$7,043
Property Tax Rates Across Corona, Queens County, New York
Local government entities set tax rates, leading to significant variation within a state. Each year, counties estimate their budget needs for services and divide this by the total value of all taxable property, determining the property tax rate. This process, though influenced by votes and legislation, essentially outlines how tax rates are established annually.
Comparing Corona’s effective property tax rate with other cities in New York reveals interesting insights. The median property tax rate in Corona is notably lower than the national median rate of 1.02%, reflecting the broader trend in Queens County. This lower rate can be advantageous for property owners, providing a more favorable tax environment compared to other regions.
Understanding these differences can be crucial for homeowners and investors looking to optimize their property expenses. While the national median property tax bill stands at $2400, the rate in Corona offers potential savings, highlighting the importance of location in property tax considerations. This knowledge empowers property owners to make informed decisions, potentially appealing or seeking exemptions where applicable to further reduce their tax burden.
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 Corona Tax Rate
0.66%
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 Queens County Tax Rate
0.79%
Median Effective New York Tax Rate
1.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Corona, Queens County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11368 | 0.21% | 0.51% | 0.66% | 0.78% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Corona, Queens County, New York
When examining property taxes in Corona, 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 Queens 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 Queens 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 Corona. For example, the median home price in Corona is $1,150,000, with tax bills ranging significantly across the county. Zip code 11368 has the highest median home price at $1,150,000.
Property Tax Assessment Values Across Corona, Queens County, New York
Source: Ownwell
$16,800
$164,728,900
$329,441,000
Median Corona Market Value
$1,150,000
Median Queens County Market Value
$982,000
Median New York Market Value
$312,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Corona, Queens County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11368 | $182,259 | $846,000 | $1,150,000 | $1,406,000 | $1,766,800 |
Source: Ownwell
Property Tax Bills Across Corona, Queens County, New York
Median Corona Tax Bill
$6,908
Median Queens County Tax Bill
$6,915
Median New York Tax Bill
$5,420
Median United States Tax Bill
$2,400
Property Tax Bills Across Corona, Queens County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11368 | $822 | $4,231 | $6,908 | $9,019 | $11,712 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Queens Assessment Review Commission | |
| Website | propertyinformationportal.nyc.gov |