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Baiting Hollow, Suffolk County, New York Property Taxes

  • Median Baiting Hollow, NY effective property tax rate: 1.97%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.

  • Median Baiting Hollow, NY home value: $587,771

  • Median annual Baiting Hollow, NY tax bill: $5,654, $3,254 higher than the national median property tax bill of $2,400.

How are property taxes in Suffolk calculated?

Property taxes in Baiting Hollow, 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 Baiting Hollow’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Baiting Hollow, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Baiting Hollow, Suffolk County, New York Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.63%

Estimate Property Tax Bill

$6,978

$6,476

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Baiting Hollow Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Baiting Hollow with just two data points. By entering your property's estimated assessed value, our calculator applies Baiting Hollow’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Suffolk. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Baiting Hollow, Suffolk County, New York

Local government entities set tax rates, which can vary widely within a state. Each county annually 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. Baiting Hollow, located in Suffolk County, has an effective property tax rate that stands out when compared to other cities in New York. Suffolk County's median tax rate is significantly higher than the national median, reflecting the region's unique economic and service needs. This means homeowners in Baiting Hollow might pay more in property taxes than the average American homeowner. Understanding these differences is crucial for property owners when planning their finances. By comparing Baiting Hollow’s effective property tax rate to the median rates in New York and nationwide, homeowners can gain a clearer picture of their tax obligations and explore opportunities for appealing or reducing their property taxes.

Property Tax Rates Across Baiting Hollow, Suffolk County, New York

Source: Ownwell

0.24%

1.37%

2.50%

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 Baiting Hollow Tax Rate

1.63%

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 Suffolk County Tax Rate

188.92%

Median Effective New York Tax Rate

1.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Baiting Hollow, Suffolk County, New York

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
11933N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Baiting Hollow, Suffolk County, New York

When examining property taxes in Baiting Hollow, 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. Suffolk County 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 Suffolk County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Baiting Hollow.

For example, the median home price in Baiting Hollow is $587,771, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Baiting Hollow, Suffolk County, New York

Source: Ownwell

$433,803

$2,648,688

$4,863,572

Median Baiting Hollow Market Value

$428,117

Median Suffolk County Market Value

$7,273

Median New York Market Value

$312,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Baiting Hollow, Suffolk County, New York

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
11933N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Baiting Hollow, Suffolk County, New York

In Baiting Hollow, Suffolk County, NY, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Baiting Hollow is $587,771, and property tax bills can vary significantly, with the 25th percentile at $3,509 and the 90th percentile reaching $11,336. Compared to the national median property tax bill of $2,400, homeowners in Baiting Hollow may find themselves paying considerably more.

Factors such as changes in the housing market, local government budgets, and school district funding needs can influence tax rates and, consequently, tax bills. For homeowners feeling the pinch, Ownwell offers valuable services to help reduce these costs. By providing expert property tax appeal and exemption services, Ownwell assists homeowners in challenging high assessments and securing potential savings, ensuring they only pay their fair share.

Property Tax Bills Across Baiting Hollow, Suffolk County, New York

Source: Ownwell

$4,119

$11,724

$19,329

Median Baiting Hollow Tax Bill

$7,222

Median Suffolk County Tax Bill

$10,400

Median New York Tax Bill

$5,420

Median United States Tax Bill

$2,400

Property Tax Bills Across Baiting Hollow, Suffolk County, New York

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
11933N/AN/AN/AN/AN/A

Source: Ownwell

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