Property Tax for New York (2026)
New York (NY) Key Facts
Effective Property Tax Rate
1.72%
Tax Level
High compared to national average
Assessed By
County assessor
Payment Frequency
Varies by county (annual or semi-annual)
How This Calculator Works in New York
This calculator estimates your annual New York property tax based on your home's value and the state's average effective rate of 1.72%. Enter your property value to see your estimated annual tax bill.
New York Overview
New York has an effective property tax rate of 1.72%, above the national average of ~1.11%. A defining feature of the state's system is that STAR program reduces school tax for homeowners. Huge county variation: NYC effective ~0.9%, Upstate >2.5%, making it important for homeowners to understand local assessment practices and available exemptions.
How New York Compares
New York's property tax rate of 1.72% compares to New Jersey at 2.49% and Connecticut at 2.15%. The relatively high rate means property taxes are a significant expense for homeowners.
| State | Top Rate | Notes |
|---|---|---|
| New Jersey | 2.49% | New Jersey has a property tax rate of 2.49%. |
| Connecticut | 2.15% | Connecticut has a property tax rate of 2.15%. |
| Pennsylvania | 1.58% | Pennsylvania has a property tax rate of 1.58%. |
New York's property tax rate of 1.72% compares to a national average of approximately 1.11%. This is above the national average.
Tips for New York Residents
- 1New York's effective property tax rate of 1.72% is above the national average of ~1.11%. Key feature: STAR program reduces school tax for homeowners.
- 2Huge county variation: NYC effective ~0.9%, Upstate >2.5%. Always verify your assessed value matches your property's actual condition and features.
- 3Appeal your property tax assessment if comparable sales in your area suggest your home is overvalued — New York allows formal protests through the county or local assessor's office.
- 4Check whether you qualify for New York's homestead exemption or other relief programs (senior, disabled, veteran) — these can meaningfully reduce your annual tax bill.
- 5New York property taxes are deductible on your federal return subject to the $10,000 SALT cap. With a 1.72% rate, a $350,000 home owes roughly $6,020/year before exemptions.