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New York Property Tax Calculator

Estimate the property tax on a home in New York from its value and the typical New York rate, a year and a month.

$

The typical home in New York is worth $449,800

More options· Your own rate or an exemption
%

A year, as a share of value; leave at 0 to use the New York typical rate

$

Such as a homestead exemption on a home you live in

Property tax a year

$6,542

About $545 a month at New York’s typical rate of 1.45% of value, the 5th highest of the 50 states and DC.

A month
$545
At the US average
$4,005
Rate
1.45%

What this means

Property tax is set locally, by your county, city and school district. Each works out a value for your home (the assessed value) and charges a rate on it, so the bill on the same home can differ a lot between towns in the same state. Most homeowners pay it monthly with their mortgage, through an escrow account, or in one or two bills a year.

If you itemize deductions, property tax counts towards the deduction for state and local taxes (SALT), with your state income or sales tax: up to $40,400 in 2026 ($20,200 if married filing separately), less for incomes over $505,000.

Next step

How it’s worked out

Home value$449,800
New York typical rate1.45%
Property tax a year$6,542.00
A month$545.17
At the US average rate of 0.89%$4,005

Compared with other states

Property tax a year on a $449,800 home
$8,651$4,326$0
Illinois (highest)New YorkUS averageHawaii (lowest)
Property tax
Assumptions in this estimate
  • A state’s typical rate is what the median homeowner pays in property tax over what the median home is worth: $6,542 on $449,800 in New York. It’s the usual way to compare states.
  • Actual rates vary by county, city and school district, and your bill depends on your home’s assessed value, which can differ from what it would sell for. Your county assessor or tax collector has the rate and value for your home.
  • Many states lower the tax on a home you live in, with a homestead exemption, a cap on how fast its assessed value can rise, or relief for seniors, veterans or people with disabilities. Enter any exemption you get above.
  • Figures: American Community Survey 2024, median home value (B25077); American Community Survey 2024, median real estate taxes (B25103), US Census Bureau.
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New York property tax at a glance

The typical owner-occupied home in New York is worth $449,800, and its owner pays $6,542 a year in property tax: 1.45% of its value, the 5th highest rate of the 50 states and DC, above the US average of 0.89%.

That's about $545 a month, which most homeowners pay with their mortgage through an escrow account. On a $400,000 home, the same rate comes to about $5,818 a year. Use the calculator above to see the exact amounts for your home.

Sources:

Notes for New York

  • Property tax is set by your county, city and school district, so rates vary within the state. Your county assessor or tax collector has the rate and assessed value for your home.
  • Many states lower the tax on a home you live in, with a homestead exemption, a cap on how fast its assessed value can rise, or relief for seniors and veterans. The calculator lets you enter an exemption.
Other states (50)