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Islip Terrace, Suffolk County, New York Property Taxes

  • Median ISLIP TERRACE, NY effective property tax rate: 2.32%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.

  • Median ISLIP TERRACE, NY home value: $458,938

  • Median annual ISLIP TERRACE, NY tax bill: $10,871, $8,471 higher than the national median property tax bill of $2,400.

How are property taxes in Suffolk calculated?

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

Last Updated March 1, 2025

Islip Terrace, Suffolk County, New York Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.32%

Estimate Property Tax Bill

$10,647

$9,880

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Islip Terrace Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Islip Terrace with just two data points. By entering your property's estimated assessed value, our calculator applies Islip Terrace’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 County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Islip Terrace, Suffolk County, New York

Local government entities set tax rates, which can vary widely within a state. 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.

Islip Terrace in Suffolk County, NY, has an effective property tax rate of 2.32%, which stands as both the highest and lowest in the region, reflecting a consistent approach across the area. This rate significantly surpasses the national median of 1.02%, highlighting the heavier tax burden on property owners in this locality. When compared to other cities in New York, Islip Terrace’s rate remains on the higher end, indicative of the region's reliance on property taxes to fund local services. Understanding these differences is crucial for property owners looking to manage their financial responsibilities effectively. By staying informed, residents can better navigate the complexities of property taxation and potentially explore options for appeals or exemptions.

Property Tax Rates Across Islip Terrace, Suffolk County, New York

Source: Ownwell

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0.16%

1.54%

2.91%

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 Islip Terrace Tax Rate

2.32%

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

108.95%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Islip Terrace, Suffolk County, New York

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
117522.22%2.24%2.32%2.46%2.50%

Source: Ownwell

Property Tax Assessment Values Across Islip Terrace, Suffolk County, New York

When examining property taxes in Islip Terrace, 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 Suffolk County assessment office 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 April. 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 Islip Terrace. For example, the median home price in Islip Terrace is $458,938, with tax bills ranging significantly across the county. Zip code 11752 has the highest median home price at $458,938.

Property Tax Assessment Values Across Islip Terrace, Suffolk County, New York

Source: Ownwell

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$3,298

$3,252,219

$6,501,139

Median Islip Terrace Market Value

$458,938

Median Suffolk County Market Value

$6,290

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Islip Terrace, Suffolk County, New York

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
11752$380,435$416,667$458,938$504,982$555,556

Source: Ownwell

Property Tax Bills Across Islip Terrace, Suffolk County, New York

In Islip Terrace, Suffolk County, NY, 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 then multiplied by the local tax rate to produce the annual tax bill. With a median home price of $458,938, homeowners in Islip Terrace face a median tax bill of $10,871, significantly higher than the national median of $2,400. Factors influencing the tax bill include changes in the local tax rate and the assessed value of the property, which can fluctuate based on market trends and property improvements. For homeowners, this high tax bill can be a substantial financial burden. Ownwell offers a solution by helping homeowners appeal their property tax assessments and secure exemptions, potentially leading to significant savings. By leveraging expert knowledge and experience, Ownwell can effectively navigate the appeals process, ensuring that homeowners in Islip Terrace pay only their fair share, potentially lowering their tax burden and easing financial stress.

Property Tax Bills Across Islip Terrace, Suffolk County, New York

Source: Ownwell

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$2,771

$10,909

$19,046

Median Islip Terrace Tax Bill

$10,871

Median Suffolk County Tax Bill

$10,006

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Islip Terrace, Suffolk County, New York

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
11752$8,778$9,787$10,871$12,001$13,317

Source: Ownwell

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