Estimate your New York property tax based on the state's 1.45% average effective rate. Enter your home value for an instant, free calculation.
Enter any tax exemption amount you qualify for in New York
New York has a high effective property tax rate of 1.45%, ranking 8th nationally. Enormous variation exists across the state — New York City uses a unique classification system with very low rates on co-ops and condos, while upstate communities can exceed 3%.
New York State has no uniform assessment requirement — municipalities set their own equalization rates. New York City has a complex 4-class system that taxes Class 1 (1–3 family homes) at very low effective rates while taxing larger residential and commercial properties more heavily.
| Home Value | Estimated Annual Tax | Monthly (Escrow) |
|---|---|---|
| $250,000 | $3,625 | $302/mo |
| $395,200 (median) | $5,730 | $477/mo |
| $600,000 | $8,700 | $725/mo |
New York's STAR (School Tax Relief) program provides basic exemptions for all homeowners and enhanced exemptions for seniors 65+. The NYC co-op/condo abatement and 421-a program for new construction provide additional benefits in the city.
New York City property taxes are due July 1 and January 1. Upstate municipalities vary widely — most have annual or semi-annual billing cycles.
Westchester, Nassau, and Rockland counties have the highest rates in the state outside NYC. Despite NYC's seemingly low rates on homes, the city's transfer taxes and mansion tax add to the overall ownership cost.