What is the property tax rate in New York?

New York has an effective property tax rate of 1.55%, ranking it #6 out of 50 states. The median homeowner pays $6,582 per year.

How are property taxes calculated in New York?

Property taxes in New York are calculated by multiplying the assessed value of your property by the local tax rate (millage rate). The effective rate shown here (1.55%) represents the median taxes paid as a percentage of median home value across the state.

Which county in New York has the lowest property taxes?

Among New York's 62 counties, Yates County has one of the lowest effective property tax rates.

Does New York have a homestead exemption?

Yes, New York offers several property tax exemptions including: STAR (Basic), Enhanced STAR, Veteran Exemption, Senior Citizen Exemption, Disability. See the exemptions section above for details.

New York Property Tax Rate

62 Counties

1.55%effective rate

New York has an effective property tax rate of 1.55%, ranking it #6 among all 50 states. The median homeowner in New York pays $6,582 per year in property taxes on a home valued at $423,800. This rate is 68% higher than the national average of 0.92%.

Effective Tax Rate📊

1.55%

#6 of 50 states

Median Tax Paid🏠

$6,582

Per year

Median Home Value💰

$423,800

2024 estimate

Total Counties📍

Population: 19,852,366

Property Tax Rates by County in New York

Rank ▲	County	Effective Rate	Median Tax	Median Value
#1	Allegany County	2.92%	$2,968	$101,700
#2	Orleans County	2.72%	$3,823	$140,800
#3	Cattaraugus County	2.64%	$2,991	$113,100
#4	Monroe County	2.63%	$5,616	$213,700
#5	Cortland County	2.56%	$4,149	$162,100
#6	Broome County	2.52%	$3,902	$154,900
#7	Wayne County	2.50%	$4,250	$170,000
#8	Montgomery County	2.46%	$3,872	$157,500
#9	Steuben County	2.46%	$3,386	$137,900
#10	Chemung County	2.45%	$3,451	$141,100
#11	Livingston County	2.45%	$4,286	$174,600
#12	Onondaga County	2.44%	$4,880	$200,200
#13	Genesee County	2.41%	$4,113	$170,500
#14	Oswego County	2.40%	$3,646	$151,700
#15	Schenectady County	2.36%	$5,568	$235,700
#16	St. Lawrence County	2.33%	$2,844	$121,900
#17	Tioga County	2.33%	$3,751	$160,800
#18	Chautauqua County	2.27%	$2,901	$127,900
#19	Chenango County	2.26%	$3,120	$137,900
#20	Madison County	2.26%	$4,181	$184,600

How New York Compares

New York

1.55%

National Average

0.92%

Neighboring States

Calculate Your Property Tax in New York

Or open the full New York Property Tax Calculator to estimate your bill by county.

Property Tax Calculator

Estimate your annual property tax based on your location and home value

State

County

Home Value

$50k$2M

Apply homestead exemption ($100,000 reduction)

Estimated Annual Property Tax

$4,650

$388/month · Rate: 1.55%

Home Value

$300,000

Taxable Value

$300,000

Effective Rate

1.55%

New York Property Tax Exemptions

✓

STAR (Basic)

Savings of approximately $293 per year (varies by school district; exemption applies to first $30,000 of assessed value for school taxes)

Primary residence owners with income under $500,000; new homeowners receive a credit check instead of exemption

✓

Enhanced STAR

Approximately $650+ per year savings (varies by district; exemption on first $74,900 of assessed value for school taxes, adjusted annually)

Homeowners age 65+ with income of $98,700 or less (adjusted annually)

✓

Veteran Exemption

Wartime: 15% of assessed value (up to $12,000); Combat zone: additional 10% (up to $8,000); Disabled: additional based on disability rating (up to $40,000)

Veterans who served during wartime; municipality must have adopted the exemption

✓

Senior Citizen Exemption

50% reduction in assessed value (sliding scale as income increases from $3,000 above local limit)

Homeowners age 65+ with income at or below locally set limit (varies by municipality)

✓

Disability

50% reduction in assessed value (with sliding scale based on income)

Homeowners with disabilities and income below locally set limits

Not sure which exemption applies to you? See our full homestead exemption guide for all 50 states, including amounts and application deadlines.

When Are Property Taxes Due in New York?

Property tax due dates in New York are set locally and differ by town, city, village, and school district, so there is no uniform statewide date. Most homeowners pay a county/town bill in the winter and a separate school bill in the fall.

Dates vary by locality

New York has no single statewide due date; owners receive separate bills from the county/town, any village, and the school district, each set locally. Outside New York City, county/town taxes are commonly billed January 1 and payable through January 31 or February 28 without penalty, while school taxes are typically due around September 1 with a grace period into October. New York City bills quarterly (July 1, October 1, January 1, April 1) for most properties, or semi-annually for larger assessments.

If you pay late: Late-payment penalties and interest are set by each local collector and school district and vary across the state; check your specific town/city or county tax collector for exact figures.

See how New York compares in our full guide to property tax due dates for all 50 states.

Nearby States

Connecticut

1.81%

Massachusetts

1.07%

New Jersey

2.11%

Pennsylvania

1.30%

Vermont

1.59%

Frequently Asked Questions

Data Source: U.S. Census Bureau, 2024 American Community Survey 5-Year Estimates (the latest available). Effective tax rates are calculated by dividing median real estate taxes paid by median home value. Actual property tax rates may vary based on local taxing jurisdictions, exemptions, and assessment practices. This information is for general reference only and should not be used as a substitute for professional tax advice.