Property Taxes in Far Rockaway, New York
Median Far Rockaway, New York effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, and lower than the New York state median of 1.90%.
Median Far Rockaway, New York home value: $729,000
Median annual Far Rockaway, New York tax bill: $5,323, $2,923 higher than the national median property tax bill of $2,400.
How are property taxes in Queens calculated?
Property taxes in Far Rockaway, 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 Far Rockaway's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Far Rockaway, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Far Rockaway Property Tax Calculator Work?
Use this Far Rockaway property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Far Rockaway's median effective tax rate of 0.72% — based on actual property records in Queens 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 Far Rockaway'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 Far Rockaway: rates range from $1,820.00 in 11692 to $6,212.00 in 11693, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Far Rockaway.
About Far Rockaway Property Taxes
About Property Taxes in Far Rockaway, Queens, New York
Far Rockaway’s median effective property tax rate of 0.72% is lower than the New York state median of 1.90% and lower than the national median of 1.02%. This rate reflects the Queens 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 Far Rockaway. Homeowners in the 11692 ZIP code carry a median effective rate of 1.12%, while those in 11691 pay 0.72%. This spread — 0.40 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Queens County. Understanding which part of Far Rockaway you live in can make a meaningful difference to your annual tax bill.
Far Rockaway homeowners who believe their assessed value is too high can file a formal appeal with the Assessment Review Commission before the March 15, 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 Far Rockaway, Queens 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 Far Rockaway'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 Far Rockaway Tax Rate
0.72%
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
1.27%
Property Tax Rates Across Far Rockaway, Queens County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11691 | 0.40% | 0.59% | 0.72% | 0.83% | 0.97% |
| 11692 | 0.40% | 0.47% | 1.12% | 1.14% | 1.27% |
| 11693 | 0.19% | 0.56% | 1.10% | 4.61% | 4.61% |
| 11694 | N/A | N/A | N/A | N/A | N/A |
| 11695 | N/A | N/A | N/A | N/A | N/A |
| 11697 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Far Rockaway, Queens County, New York
When examining property taxes in Far Rockaway, 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 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.
Assessment notices are sent in January each year. They typically reach your mailbox by the middle of January.
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. The median home price in Far Rockaway is $729,000, with tax bills ranging significantly across the county. Zip code 11691 has the highest median home price at $738,000.
Property Tax Assessment Values Across Far Rockaway, Queens County, New York
Source: Ownwell
$16,800
$164,728,900
$329,441,000
Median Far Rockaway Market Value
$729,000
Median Queens County Market Value
$982,000
Median New York Market Value
$312,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Far Rockaway, Queens County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11691 | $366,300 | $590,750 | $738,000 | $894,000 | $1,232,000 |
| 11692 | $94,600 | $147,000 | $257,000 | $727,000 | $3,303,800 |
| 11693 | $176,724 | $195,020 | $210,542 | $634,750 | $1,029,400 |
| 11694 | N/A | N/A | N/A | N/A | N/A |
| 11695 | N/A | N/A | N/A | N/A | N/A |
| 11697 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Far Rockaway, Queens County, New York
Property tax bills in Far Rockaway are based on the assessed value of a home, not its market price alone. Local taxing authorities apply the tax rate to that assessed value to determine the annual bill, so two homes with similar market values can still owe different amounts if their assessments differ.
Several factors can affect the final tax bill, including the property’s location, its assessed value, and any exemptions that may apply. In Far Rockaway, the median home price is $729,000, while tax bills vary widely across the area. The 25th percentile tax bill is $3,749, the 75th percentile is $6,681, and the 90th percentile reaches $8,366.
For homeowners, this means property taxes can represent a significant ongoing cost, especially when assessed values rise faster than expected. The highest median tax bill in the area is $6,212 in ZIP code 11693, while the lowest median tax bill is $1,820 in ZIP code 11692.
Property Tax Bills Across Far Rockaway, Queens County, New York
Source: Ownwell
$81
$9,835,251
$19,670,420
Median Far Rockaway Tax Bill
$5,323
Median Queens County Tax Bill
$6,915
Median New York Tax Bill
$5,420
Median United States Tax Bill
$3,209
Property Tax Bills Across Far Rockaway, Queens County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11691 | $1,786 | $3,886 | $5,357 | $6,678 | $8,268 |
| 11692 | $533 | $799 | $1,820 | $7,267 | $8,085 |
| 11693 | $523 | $1,561 | $6,212 | $8,996 | $9,591 |
| 11694 | N/A | N/A | N/A | N/A | N/A |
| 11695 | N/A | N/A | N/A | N/A | N/A |
| 11697 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates | |
|---|---|
| Appeal Deadline | March 16 |
Links | |
|---|---|
| Queens Assessment Review Commission | |
| Website | propertyinformationportal.nyc.gov |