Property Tax On Long Island: Nassau Vs. Suffolk

We all know that Long Island homes can be pretty expensive. But how much are Long Islanders paying in property taxes?

According to a new report released by the property database ATTOM data solutions, Nassau was one of nine counties with an average annual property taxes over $10,000 in 2016.

The average annual property tax for Nassau homes was $11,232 with an average market value $587,532 and a tax rate of 1.91 percent.

Westchester and Rockland counties in New York; Essex, Bergen, Union and Morris counties in New Jersey; Marin County in California; and Fairfield County in Connecticut all also had average annual property taxes over $10,000.

Average property taxes for Suffolk homes came in less at $9,333 with an average market value of $469,877 and a tax rate of 1.99 percent.

The 2016 property tax analysis released Thursday found that property taxes levied on single family homes in 2016 totaled $277.7 billion, an average of $3,296 per home and an effective tax rate of 1.15 percent.

The analysis was conducted for more than 84 million single family homes in the U.S.

According to the analysis, the 10 states with the highest property tax rates are:

1. New Jersey
2. Illinois
3. Texas
4. New Hampshire
5. Vermont
6. Connecticut
7. Pennsylvania
8. New York
9. Ohio
10. Rhode Island

Read the full analysis here.

Image: 290 Further Lane, East Hampton via Realtor.com