Valley Stream Property Taxes — 2026 Guide for Homeowners & Buyers

Source: Nassau County / Ownwell

How Property Taxes Work in Valley Stream

Valley Stream is located in Nassau County. Nassau County calculates property taxes based on the assessed value of your home, which is different from market value.

In Nassau County, residential properties are assessed at 0.1% of their estimated market value. The tax rate is applied to this assessed value, resulting in an effective rate of approximately 1.52% of market value. Nassau County is known for having some of the highest property taxes in the country, but school funding through taxes is directly reflected in district quality.

Property Tax Exemptions Available in Valley Stream

Nassau County offers several exemptions that can significantly reduce your tax bill:

• STAR (School Tax Relief): Basic STAR available to homeowners earning under $500K/year; Enhanced STAR for seniors 65+ earning under $98,700. Saves $300–$1,500/year.
• Veterans Exemption: Eligible veterans can receive a reduction in assessed value
• Senior Citizen Exemption: Income-qualified seniors 65+ may receive up to 50% assessment reduction
• Disabled Persons Exemption: For qualifying disabled homeowners
• Nassau County First-Time Homebuyer Exemption: Limited program — check current availability with Nassau County

Apply for STAR at NYS Department of Taxation.

Appealing Your Assessment

If you believe your home is over-assessed, you have the right to appeal. In Nassau County:

• File with the Nassau County Assessment Review Commission (ARC) by March 1 each year
• Bring comparable sales data from the past 12 months
• Many homeowners in Nassau hire tax grievance attorneys who work on contingency (no win, no fee)

Property Tax vs. Neighboring Municipalities

Valley Stream's effective tax rate of 1.52% compares somewhat higher to neighboring areas. Nassau County municipalities generally have higher tax rates than Queens (1.2–2.5%) but fund strong school districts directly.