New York Property Tax Calculator 2026

Calculate property taxes in New York. The average effective property tax rate in NY is 1.23%, which is above the national average of 0.89%. Estimate your annual property tax bill.

By Konstantin Iakovlev · Updated October 19, 2026 · Methodology

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Annual Property Tax

$4,305.00

Monthly Equivalent

$358.75

Effective Rate

1.230%

Property Tax Breakdown

Assessed Value$350,000.00
Homestead Exemption$0.00
Taxable Value$350,000.00
Annual Tax$4,305.00
Monthly Equivalent$358.75

Disclaimer: This calculator is for informational purposes only and does not constitute tax, financial, or legal advice. Results are estimates based on the information you provide and current rates. Always consult a qualified tax professional or financial advisor for advice specific to your situation.

New York Property Tax Guide

New York's average effective property tax rate is about 1.23% of a home's value, noticeably above the national average of roughly 0.9%. The state itself doesn't set or collect this tax; it's assessed and billed entirely at the local level by counties, towns, cities, and school districts. Because school taxes make up a large share of the total bill, two homes of equal value in different districts can owe very different amounts, and rates vary widely from one part of the state to another.

A bill starts with a local assessor placing an assessed value on the property, which may be a fraction of market value depending on the jurisdiction's equalization practices. Exemptions then reduce what's taxable: New York's STAR program lowers school taxes for owner-occupants, and there are additional breaks for seniors, veterans, and people with disabilities. To rough out a bill, multiply assessed value (after exemptions) by the local tax rate. At the 1.23% statewide average, a $400,000 home would carry roughly $4,920 a year, though your local rate is what truly decides it.

New York Property Tax Details (2026)

Avg. Effective Property Tax Rate 1.23%
National Average 0.89%
vs. National Average 0.34 points above
Estate Tax Yes (exemption: $7,350,000)
State Sales Tax 4%
State Income Tax progressive (up to 10.9%)

Official Sources:

New York Property Tax FAQ

What is the average property tax rate in New York?
The average effective property tax rate is about 1.23% of a home's value, compared with a national average near 0.9%. That figure blends every county, town, and school district in the state, so individual rates run both higher and lower. School district taxes are usually the largest single component of a New York property tax bill.
Who assesses and collects property tax in New York?
Property tax in New York is handled locally, not by the state. County, town, city, and school district authorities set rates and bill owners, while a local assessor determines each property's assessed value. Because these jurisdictions overlap, a single property can receive tax levies from several local bodies in the same year.
What is the STAR exemption?
STAR is New York's School Tax Relief program, which reduces school property taxes for owner-occupied primary residences. Basic STAR is available to most homeowners under an income limit, while Enhanced STAR offers a larger benefit to qualifying seniors. New York also provides separate exemptions for veterans, people with disabilities, and certain low-income seniors.
How do I estimate my New York property tax bill?
Take the property's assessed value, subtract any exemptions such as STAR, and multiply by the local tax rate for your combined jurisdictions. Using the statewide average of 1.23%, a $400,000 home would owe about $4,920 a year, but your actual rate is set locally and may differ substantially. Checking your assessment and the rates published by your county and school district gives the most accurate figure.

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