Property Taxes in Great Neck, New York
Median Great Neck, New York effective property tax rate: 0.78%, significantly lower than the national median of 1.02%, and lower than the New York state median of 1.90%.
Median Great Neck, New York home value: $953,000
Median annual Great Neck, New York tax bill: $6,116, $3,716 higher than the national median property tax bill of $2,400.
How are property taxes in Queens calculated?
Property taxes in Great Neck, 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 Great Neck's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Great Neck, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Great Neck Property Tax Calculator Work?
Use this Great Neck property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Great Neck's median effective tax rate of 0.78% — based on actual property records in Queens County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment system uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Great Neck'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 Great Neck: rates range from local differences in school district levies and assessment districts. Great Neck's median property tax rate is lower than Queens County's and lower than New York's 1.90% median property tax rate. The median property tax bill in Great Neck is $6,116, which is $3,716 higher than the state median bill.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Great Neck.
About Great Neck Property Taxes
About Property Taxes in Great Neck, Queens, New York
Great Neck's median effective property tax rate of 0.78% 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 Great Neck. Homeowners in the highest ZIP code carry a median effective rate of 0.78%, while those in the lowest pay 0.78%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Queens County. Understanding which part of Great Neck you live in can make a meaningful difference to your annual tax bill.
Great Neck homeowners who believe their assessed value is too high can file a formal appeal with the local 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 Great Neck, 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 Great Neck'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 Great Neck Tax Rate
0.78%
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 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 Great Neck, Queens County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11020 | N/A | N/A | N/A | N/A | N/A |
| 11021 | N/A | N/A | N/A | N/A | N/A |
| 11362 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Great Neck, Queens County, New York
When examining property taxes in Great Neck, 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:
In Queens County, assessment notices are sent in the spring each year. They'll 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. 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 Great Neck.
For example, the median home price in Great Neck is $953,000, with tax bills ranging significantly across the county. The median tax bill is $6,116, compared with the national median property tax bill of $2,400.
Property Tax Assessment Values Across Great Neck, Queens County, New York
Source: Ownwell
$16,800
$164,728,900
$329,441,000
Median Great Neck Market Value
$953,000
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 Great Neck, Queens County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11020 | N/A | N/A | N/A | N/A | N/A |
| 11021 | N/A | N/A | N/A | N/A | N/A |
| 11362 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Great Neck, Queens County, New York
How are property tax bills calculated in Great Neck?
Property tax bills in Great Neck are based on the assessed value of a home and the local tax rate set by the taxing authorities. The assessed value is used to determine how much tax a homeowner owes, and that amount can change when property values or local budgets change. For homes in Queens, the median home price is $953,000, which helps show why tax bills can vary widely from one property to another.
What factors affect the bill? The size, location, and market value of the home all play a role, along with any exemptions or local assessment rules that apply. In Great Neck, the 25th percentile tax bill is $1,058, while the 75th percentile is $9,034 and the 90th percentile reaches $12,981. That range shows how much property tax bills can differ for homeowners.
How does this affect homeowners? A higher assessed value can mean a larger bill, making property taxes a major ongoing housing cost.
Property Tax Bills Across Great Neck, Queens County, New York
Source: Ownwell
$81
$9,835,251
$19,670,420
Median Great Neck Tax Bill
$6,116
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 Great Neck, Queens County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11020 | N/A | N/A | N/A | N/A | N/A |
| 11021 | N/A | N/A | N/A | N/A | N/A |
| 11362 | 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 |