What is the property tax rate in New York?

New York has an effective property tax rate of 1.60%, ranking it #6 out of 50 states. The median homeowner pays $6,450 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 (1.60%) 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

2023 Data · 62 Counties

1.60%effective rate

New York has an effective property tax rate of 1.60%, ranking it #6 among all 50 states. The median homeowner in New York pays $6,450 per year in property taxes on a home valued at $403,000. This rate is 68% higher than the national average of 0.95%.

Effective Tax Rate📊

1.60%

#6 of 50 states

Median Tax Paid🏠

$6,450

Per year

Median Home Value💰

$403,000

2023 estimate

Total Counties📍

Population: 19,872,319

Property Tax Rates by County in New York

Rank ▲	County	Effective Rate	Median Tax	Median Value
#1	Orleans County	3.00%	$3,781	$126,200
#2	Allegany County	2.94%	$2,881	$97,900
#3	Monroe County	2.79%	$5,495	$197,100
#4	Cattaraugus County	2.69%	$2,946	$109,400
#5	Cortland County	2.65%	$4,184	$158,100
#6	Broome County	2.64%	$3,824	$145,100
#7	Onondaga County	2.59%	$4,805	$185,300
#8	Oswego County	2.58%	$3,595	$139,600
#9	Montgomery County	2.56%	$3,630	$141,600
#10	Wayne County	2.55%	$4,168	$163,400
#11	Chemung County	2.52%	$3,332	$132,100
#12	Steuben County	2.52%	$3,245	$128,600
#13	Genesee County	2.51%	$3,958	$157,800
#14	Livingston County	2.47%	$4,182	$169,600
#15	Schenectady County	2.46%	$5,486	$223,100
#16	Tioga County	2.45%	$3,750	$153,200
#17	Chautauqua County	2.39%	$2,846	$119,300
#18	Chenango County	2.39%	$3,061	$128,100
#19	Tompkins County	2.35%	$6,374	$271,500
#20	Orange County	2.34%	$8,463	$361,100

How New York Compares

New York

1.60%

National Average

0.95%

Neighboring States

Calculate Your Property Tax in New York

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

$4,800

$400/month · Rate: 1.60%

Home Value

$300,000

Taxable Value

$300,000

Effective Rate

1.60%

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

Nearby States

Connecticut

1.92%

Massachusetts

1.11%

New Jersey

2.23%

Pennsylvania

1.35%

Vermont

1.71%

Frequently Asked Questions

Data Source: U.S. Census Bureau, 2023 American Community Survey 5-Year Estimates. Effective tax rates are calculated by dividing median real estate taxes paid by median home value.