2026 effective rate · 1.46% · above the US average (0.99%)
New York Property Tax Calculator
Estimate annual and monthly property tax in New York. The state's effective property tax rate is 1.46% (close to the national average, vs the US average of about 0.99%). On a $384,100 median-value home, that works out to about $6,280 per year or $467 per month.
New York median home property tax
$5,608 per year
$467 per month at the median home value of $384,100
Effective rate 1.46% times $384,100 = $5,608
New York property tax at common home values
| Home value | Annual property tax | Monthly | % of value |
|---|---|---|---|
| $150,000 | $2,190 | $183 | 1.46% |
| $250,000 | $3,650 | $304 | 1.46% |
| $350,000 | $5,110 | $426 | 1.46% |
| $384,100 (median) | $5,608 | $467 | 1.46% |
| $500,000 | $7,300 | $608 | 1.46% |
| $750,000 | $10,950 | $913 | 1.46% |
Uses New York's 2026 effective rate (1.46%). Actual taxes vary by county and exemptions. For full PITI mortgage estimate including taxes + insurance, use the New York mortgage calculator.
New York property tax overview
New York property tax varies dramatically by region — NYC has effective rates around 0.9%, while Long Island and Westchester can exceed 2%. STAR program provides school property tax relief for primary residences.
New York's effective rate of 1.46% ranks close to the national average nationally. Median annual property tax: $6,280. Median home value: $384,100.
New York vs neighboring states
| State | Effective rate | Median home | Median annual tax |
|---|---|---|---|
| New York (this page) | 1.46% | $384,100 | $6,280 |
| Connecticut | 1.96% | $313,200 | $6,476 |
| Massachusetts | 1.12% | $498,700 | $5,618 |
| Vermont | 1.83% | $285,800 | $5,230 |
FAQs about New York property tax
What is the property tax rate in New York?
New York's effective property tax rate is 1.46% (close to the national average, vs national average of ~0.99%). On a $384,100 median-value home, that's about $6,280 per year, or roughly $467 per month added to your housing cost.
How is property tax calculated in New York?
Property tax = assessed value times the local mill rate (millage). The effective rate (1.46%) is what you actually pay as a percentage of market value, accounting for assessment ratios, exemptions, and millage. For a home valued at X, multiply X by 1.46% for an annual estimate.
When are property taxes due in New York?
Property tax due dates vary by county within New York. Most counties bill annually with either a single payment or two installments. Common payment deadlines fall in late summer (1st half) and late winter (2nd half). Check with your county tax assessor for exact dates and any escrow arrangements through your mortgage lender.
Does New York have a homestead exemption?
New York offers various property tax relief programs. New York property tax varies dramatically by region — NYC has effective rates around 0.9%, while Long Island and Westchester can exceed 2%. STAR program provides school property tax relief for primary residences. Check with your county assessor for primary-residence exemptions and senior or disabled programs that may reduce your annual property tax bill.
How does New York property tax compare to neighboring states?
New York's 1.46% rate compares to: Connecticut (1.96%), Massachusetts (1.12%), Vermont (1.83%). Property tax burden can vary significantly between neighboring states — moving 30 miles across a state line can change your annual tax bill by thousands.
Can I appeal my property tax assessment in New York?
Yes. Every US state including New York provides a formal property tax appeal process. Steps: (1) request your property's assessment record from the county assessor, (2) gather comparable sales from your neighborhood, (3) file a formal appeal within the deadline (usually 30-60 days after assessment notice). Successful appeals typically save 5-15% on annual tax bills.
How can I lower my New York property taxes?
Common strategies: apply for homestead exemption (primary residence), senior or disabled exemptions if eligible, veteran's exemptions, and appeal over-assessment. Track your county's assessment notices carefully and verify the appraisal matches recent comparable home sales. Avoid major visible upgrades right before reassessment dates.