Rego Park, Queens County, New York Property Taxes
Median Rego Park, NY effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, and lower than the New York state median of 2.39%.
Median Rego Park, NY home value: $984,000
Median annual Rego Park, NY tax bill: $7,254, $4,854 higher than the national median property tax bill of $2,400.
How are property taxes in Queens calculated?
Property taxes in Rego Park, 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 Rego Park's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Rego Park, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Rego Park, Queens County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.95%
Estimate Property Tax Bill
$13,718
$12,730
Property Tax Rates Across Rego Park, Queens County, New York
Local government entities are responsible for setting property tax rates, which can vary significantly even within the same state. This variation stems from each county's need to estimate its annual budget for essential services, dividing this amount by the total value of all taxable properties in its jurisdiction to determine the property tax rate. While the process involves votes and legal regulations, this is essentially how it unfolds each year.
In Rego Park, located in Queens County, the effective property tax rate is notably lower than the national median. This is an interesting contrast considering the national median property tax rate stands at 1.02%. Such a difference can be attributed to local economic factors and budgetary requirements, which influence how tax rates are structured. Comparatively, Rego Park’s property tax rate is also lower than the overall median rate for New York state. For property owners in Rego Park, this means a relatively more favorable tax situation compared to other regions. Understanding these nuances can help homeowners make informed decisions about property investments and appeals.
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 Rego Park Tax Rate
0.95%
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 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 Rego Park, Queens County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11374 | 0.61% | 0.79% | 0.95% | 4.85% | 5.36% |
Source: Ownwell
Property Tax Assessment Values Across Rego Park, Queens County, New York
When examining property taxes in Rego Park, 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 Rego Park. For example, the median home price in Rego Park is $984,000, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Rego Park, Queens County, New York
Source: Ownwell
$16,800
$164,728,900
$329,441,000
Median Rego Park Market Value
$1,444,000
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 Rego Park, Queens County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11374 | $94,635 | $829,000 | $1,444,000 | $7,737,000 | $12,665,000 |
Source: Ownwell
Property Tax Bills Across Rego Park, Queens County, New York
In Rego Park, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the property's market value and is subject to the tax rate set by Queens County. Homeowners in Rego Park experience property tax bills that can vary significantly. For instance, the tax bill at the 25th percentile is $4,304, while at the 75th percentile, it rises to $9,045. At the 90th percentile, homeowners may face a bill as high as $12,063. Compared to the national median property tax bill of $2,400, Rego Park's property taxes are considerably higher, reflecting the area's higher property values.
For homeowners, these taxes can represent a significant financial burden. However, Ownwell can assist by offering property tax appeal services. By analyzing property assessments and identifying potential discrepancies, Ownwell helps homeowners reduce their tax obligations. This can lead to substantial savings, ensuring that homeowners pay only their fair share of property taxes.
Median Rego Park Tax Bill
$7,685
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 Rego Park, Queens County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11374 | $2,950 | $4,415 | $7,685 | $9,529 | $13,194 |
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 |