11001 Property Tax Rate

Property owners in ZIP code 11001 (Floral Park, New York) pay a median of $10,001/year in property taxes on homes valued at $714,600. This translates to an effective tax rate of 1.40%, which is 24% below the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 11001 is approximately $833, which factors into escrow payments on mortgages. This ZIP code is located within Nassau County. This is $4,749 more than the New York average of $5,252/year.

Compared to similar ZIP codes in New York, 11001 has lower property taxes. ZIP codes with similar effective rates include 12069 (1.40%) and 12581 (1.40%).

In Floral Park, property taxes represent approximately 6.9% of the median household income of $144,755, providing context for the relative tax burden on homeowners in this area.

New York has no statewide property tax cap; your property will be reassessed based on local valuation practices and comparable sales in Nassau County. Nassau County homeowners with primary residences and household income ≤$500,000 automatically receive or can apply for STAR, reducing school taxes by exempting a portion of assessed value — register through Nassau County schools or visit the Nassau County Assessor for confirmation. File your STAR application by March 15 to lock in the exemption on your next tax bill, and contact the Nassau County Assessor's office to verify your new assessment post-closing.