Property Taxes On LI Are Some Of The Highest In The Country

Long Island residents pay some of the highest property taxes in the country and Nassau County is one of the only counties where the average property tax amount is over $10,000, according to a new analysis by ATTOM. The 2017 property tax analysis found that the effective property tax rate is 1.88 percent in Nassau County and 1.90 percent in Suffolk.

According to the analysis, the average property tax amount in 2017 increased 2 percent in Nassau and 1 percent in Suffolk when compared to 2016, which was lower than the increase in average property taxes nationwide, which was 3 percent.

• Related: Here's What You Need To Earn To Buy A Home On Long Island

The average annual property tax amount on Long Island in 2017 was:

• Nassau: $11,415
• Suffolk: $9,471

Comparatively, Long Island’s average annual property tax amount in 2016 was:

• Nassau: $11,232
• Suffolk: $9,333

Three New York counties — Nassau, Rockland and Westchester — had an average property tax amount of $10,000 or higher. The new tax bill signed into law by President Trump caps the state and local tax deduction, limiting the deduction residents can claim on their 2018 tax returns to $10,000.

Overall, in New York State, the average annual property tax amount actually decreased 1 percent in 2017 when compared to 2016. The average annual property tax in New York for 2017 was $6,943. Nationwide, ATTOM found that average property taxes for a single family home in 2017 went up 3 percent to $3,399 from the average property tax of $3,296 in 2016.

Image of 2 Wooded Court in Lloyd Neck via Realtor.com