New York Property Tax Calculator 2026
Calculate your New York property taxes — effective rate 1.72%, average annual tax $6,170. Updated June 2026.
New York Property Tax Overview
New York has an effective property tax rate of 1.72%, making it above the national average among all 50 states. The average annual property tax in New York is $6,170 on a median home value of $358,700.
- Effective tax rate: 1.72%
- Assessment ratio: Varies by municipality
- Median home value: $358,700
- Average annual tax: $6,170 ($514/month)
How New York Property Tax Works
New York properties are assessed at Varies by municipality of market value. The assessed value is then multiplied by the local millage rate to determine your annual tax bill.
New York Property Tax = Assessed Value × Local Millage Rate
Local millage rates vary by county, city, school district, and special districts within New York. Your total rate is the sum of all applicable levies.
New York Property Tax Exemptions
- Homestead exemption: STAR credit: $739-$1,531 for primary residence; Enhanced STAR for 65+
- Senior exemption: Available in most counties — check your local assessor's office for specific amounts and age thresholds (typically 65+)
- Veteran exemption: Disabled veterans (10%+ rating) may qualify for additional exemptions — varies by county. Contact your county assessor for details
- Disability exemption: Disability exemptions available in most counties — typically mirrors the senior exemption. Contact your county assessor for specific amounts
How New York Compares to Neighboring States
How to Appeal Your New York Property Tax
If you believe your New York property is over-assessed, you have the right to appeal:
- 1. Contact your county assessor — Review your assessment for errors in square footage, lot size, or condition
- 2. Gather comparable sales — Find 3-5 similar homes sold recently in your New York neighborhood with lower values
- 3. File by the deadline — New York appeal deadlines vary by county; check your assessment notice
- 4. Present evidence — Focus on facts and comparable data, not complaints about tax rates
- 5. Success rate: 50-70% of New York property tax appeals result in a reduction
Frequently Asked Questions
What is the property tax rate in New York?
The effective property tax rate in New York is 1.72% as of 2026. On a home valued at $358,700, the annual property tax is approximately $6,170.
How are properties assessed in New York?
In New York, properties are assessed at Varies by municipality of market value. The assessed value determines the taxable value used to calculate your property tax bill.