Great Neck, Nassau County, New York Property Taxes
Property Taxes in Great Neck, New York
Median Great Neck, New York effective property tax rate: 0.52%, 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: $1,042,500
Median annual Great Neck, New York tax bill: $4,917, $2,517 higher than the national median property tax bill of $2,400.
How are property taxes in Nassau 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
Great Neck, Nassau County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.52%
Estimate Property Tax Bill
$5,421
$5,031
$774
Average Annual Tax Savings
How Does the Great Neck Property Tax Calculator Work?
Use this Great Neck property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Great Neck's median effective tax rate of 0.52% — based on actual property records in Nassau 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 $4,652 in 11021 to $5,395 in 11023, primarily due to differences in school district levies and local assessment districts. Great Neck's median property tax bill of $4,917 is higher than the national median property tax bill of $2,400 and lower than the state median property tax bill of $1.90.
If your estimate is higher than expected, Ownwell can appeal your Great Neck assessment — you only pay if we save you money.
About Great Neck Property Taxes
About Property Taxes in Great Neck, Nassau, New York
Great Neck's median effective property tax rate of 0.52% is lower than the New York state median of 1.90% and lower than the national median of 1.02%. This rate reflects the Nassau 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 11020 ZIP code carry a median effective rate of 0.60%, while those in 11023 pay 0.53%. This spread — 0.07 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Nassau 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 31, 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, Nassau 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
0.52%
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 Nassau County Tax Rate
0.71%
Median Effective New York Tax Rate
1.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Great Neck, Nassau County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11020 | 0.23% | 0.25% | 0.60% | 0.70% | 0.73% |
| 11021 | 0.18% | 0.31% | 0.56% | 0.69% | 1.11% |
| 11023 | 0.43% | 0.49% | 0.53% | 0.59% | 0.72% |
| 11024 | 0.24% | 0.26% | 0.29% | 0.52% | 0.54% |
| 11022 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$774
Average Annual Tax Savings
Save on Your Property Taxes and More With Ownwell
Property Tax Assessment Values Across Great Neck, Nassau 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 Nassau County assessment process 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 Nassau County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the season.
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. For context, Great Neck’s median home price is $1,042,500, compared with the national median property tax bill of $2,400 and national median property tax rate of 1.02%. Tax bills in the area range from $3,586 at the 25th percentile to $8,342 at the 90th percentile, with the highest median home price at $1,440,000 in 11024.
Property Tax Assessment Values Across Great Neck, Nassau County, New York
Source: Ownwell
$351,000
$2,146,500
$3,942,000
Median Great Neck Market Value
$1,042,500
Median Nassau County Market Value
$518,000
Median New York Market Value
$312,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Great Neck, Nassau County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11020 | $680,000 | $793,000 | $995,000 | $1,283,000 | $1,674,000 |
| 11021 | $200,420 | $773,500 | $1,029,000 | $1,286,386 | $1,629,600 |
| 11023 | $734,600 | $835,000 | $999,000 | $1,236,000 | $1,558,600 |
| 11024 | $664,600 | $848,000 | $1,440,000 | $2,280,000 | $3,741,000 |
| 11022 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$774
Average Annual Tax Savings
Save on Your Property Taxes and More With Ownwell
Property Tax Bills Across Great Neck, Nassau County, New York
Great Neck property tax bills are based on the assessed value of a home, not its market price. Local tax rates, exemptions, and the assessment set by the county all affect the final bill, so two homes with similar market values can still owe different amounts. With a median home price of $1,042,500, homeowners in Great Neck often face substantial property taxes, and those costs can have a major impact on monthly housing expenses and long-term affordability.
The median tax bill ranges from $4,652.00 in ZIP code 11021 to $5,395.00 in ZIP code 11023, with bills often falling between $3,586 and $6,286, and reaching $8,342 at the 90th percentile. Compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400, Great Neck homeowners may be paying significantly more.
Ownwell helps homeowners lower property tax bills by reviewing assessments, identifying savings opportunities, and filing appeals when a property is overassessed.
Median Great Neck Tax Bill
$4,917
Median Nassau County Tax Bill
$3,634
Median New York Tax Bill
$5,420
Median United States Tax Bill
$2,400
Property Tax Bills Across Great Neck, Nassau County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 11020 | $2,436 | $3,071 | $4,706 | $6,000 | $7,685 |
| 11021 | $1,848 | $2,538 | $4,652 | $6,096 | $7,667 |
| 11023 | $3,849 | $4,396 | $5,395 | $6,793 | $9,170 |
| 11024 | $3,108 | $3,788 | $4,720 | $6,234 | $9,728 |
| 11022 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$774
Average Annual Tax Savings
Save on Your Property Taxes and More With Ownwell
Don't miss the deadline to file a grievance!
Dates | |
|---|---|
| Appeal Deadline | March 31 |
Links | |
|---|---|
| Nassau Assessment Review Commission | |
| Website | lrv.nassaucountyny.gov |