Homeownership in the US comes with many financial responsibilities, like paying your mortgage, utility bills, and finally, your annual property taxes. While paying property tax is an important part of owning a home, it can be tough to figure out how much you owe, when and where you should pay, and what these taxes are being used for.
First things first—it’s important to understand what property taxes are before you pay. Here’s what you need to know:
What is the property tax rate in Suffolk County?
Suffolk County’s average tax rate is 1.7% of a property’s assessed market value, which is higher than New York’s average property tax rate of 1.23%.
You can expect to pay around $7,192 in property taxes per year based on the Suffolk County average.
How Suffolk County property taxes are determined
Suffolk County property taxes apply to each of the county’s taxing districts, like school boards, cities, and other municipalities, and are determined based on the value of your home and the cost of specific public services that apply to your property.
What do Suffolk County property taxes pay for?
Suffolk County collects property taxes from homeowners to fund a variety of services. Depending on where your home is, here are a few services your Suffolk County property taxes fund:
How to pay property taxes in Suffolk County
The Suffolk County Receiver mails out property tax notices in mid-December each year. You have from December 1 to May 31 to pay with the option of paying in two installments. If you’re paying in two installments, the first half is due by January 10. After January 10, 1% per month interest is charged until May 31. You can pay the second half without interest up to May 31.
Suffolk County provides two convenient ways to pay your property taxes, so you can choose the option that’s best for you.
How to save money on homeowners insurance in New York
A licensed broker, Jerry does all the hard work of finding cheap quotes from the top name-brand insurance companies and buying new home and car insurance. Jerry will even help you cancel your old policy.
And to ensure you always have the lowest rate, Jerry will send you new quotes every time your policy comes up for renewal, so you’re always getting the coverage you want at the best price. This level of service is why Jerry earned a 4.6/5 rating on the App Store and made it the top insurance app in the country.