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New York Property Tax Calculator

New York property tax calculator for 2026. NY property taxes vary dramatically: NYC effective rate is approximately 0.88% (low due to fractional assessment), but suburban counties like Westchester average 2.3% and Rochester area exceeds 2.5%. Statewide average: approximately 1.6%. STAR program provides school tax relief. NYC uses a complex class system for assessment.

Contexto de la Regla Regional

JurisdiccionUnited States
Moneda$ (USD)
Vigente desde1 ene 2025
Version1.0
Ultima revision1 mar 2026
Proxima revision1 jul 2026
Fuente: US Government Sources

United States Tasas y Reglas

Average Effective Rate1.62%

NYC ~0.88% (fractional assessment). Suburbs 1.5-2.5%. Upstate 2.0-3.0%

Rates by Area

NYC (Class 1 residential)0.88%
Westchester County2.32%
Nassau County2.17%
Rochester area2.65%

Exemptions and Relief

  • -STAR basic ($30,000 exemption, income under $500,000)
  • -Enhanced STAR for seniors 65+ ($74,900 exemption)
  • -2% property tax levy cap (outside NYC)
  • -Veterans exemption (varies by municipality)

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$USD
0%100%

Resultado

Ingresa los valores arriba y haz clic en Calcular para ver tu resultado.

Asistente IA

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Aviso: Aviso: Esta calculadora usa reglas publicas vigentes desde la fecha indicada. Los resultados son solo informativos. Verifique con fuentes oficiales. Ultima revision: 1 mar 2026.

Formula

Annual Tax=Home Value×Property Tax Rate100\text{Annual Tax} = \text{Home Value} \times \frac{\text{Property Tax Rate}}{100}

New York property tax combines school, county, town, and city levies. NYC uses a unique four-class assessment system with caps on residential increases, while the rest of the state uses standard assessment ratios. The STAR exemption provides school tax relief for owner-occupied homes.

Preguntas Frecuentes

Why is NYC property tax rate lower than suburbs?

NYC uses fractional assessment: residential property is assessed at only about 6% of market value (Class 1). A $1M home is assessed at ~$60,000. The tax rate applied to this assessed value is high (~20%), but the effective rate on market value is only about 0.88%.

What is the STAR program?

School Tax Relief (STAR) provides exemptions or credits for school taxes on primary residences. Basic STAR: up to $30,000 exemption for homeowners with income under $500,000. Enhanced STAR: up to $74,900 for seniors 65+ with income under $98,700.

How do Westchester property taxes compare to NYC?

Westchester County has some of the highest property taxes in the nation, averaging about 2.3% effective rate. A $750,000 home in Westchester pays approximately $17,000-$18,000 per year, versus about $6,600 for a similar value home in NYC.

What is the NYC property class system?

NYC has 4 property classes with different assessment ratios: Class 1 (1-3 family homes, ~6% of market value), Class 2 (apartments, ~45%), Class 3 (utilities, ~45%), Class 4 (commercial, ~45%). This system results in very different effective rates by property type.

Can I challenge my NY property assessment?

In NYC: file a complaint with the Tax Commission by March 1 (or March 15 for Class 1). Outside NYC: file with your local Board of Assessment Review, typically in May. The Grievance Day date varies by municipality. Bring comparable sales data.

Is there a property tax cap in New York?

Yes. Since 2012, NY has a 2% property tax levy cap for local governments and school districts outside NYC. However, this caps the total levy increase, not individual bills. Your bill can increase more than 2% if your property value rose faster than the average.

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