New York County Property Tax Calculator
In New York County, the median property tax bill is $10,001 a year on a home worth around $1,108,900 — an effective rate of 0.9% of value. That is the 3rd lowest of the 62 counties in New York (state average 1.3%). On a $350,000 home that works out to about $3,150/year ($263/month in escrow). Enter your home value below.
$3,850 / year
$320.83/month in escrow · effective rate 1.10% of value
Effective rates are state averages (Tax Foundation / Census ACS). Your local rate, assessment ratio and exemptions vary by county — adjust the rate for an exact bill. How we calculate →
New York County property tax rate vs the rest of New York
New York County has an effective property tax rate of 0.9% — its median real-estate tax bill ($10,001) as a share of its median home value ($1,108,900). That is below New York's 1.3% state average, and ranks the 3rd lowest of the 62 counties in New York.
Rates are set by local taxing bodies — the county, your city or town, and the school district — so two homes of the same value in different parts of New York can owe very different amounts. The calculator above starts from New York County's 0.9% effective rate; adjust it to your exact municipality or add a homestead exemption for a closer estimate.
Property tax by home value in New York County
Estimated annual New York County property tax at its 0.9% effective rate:
$250,000 home → $2,250/yr · $350,000 home → $3,150/yr · $500,000 home → $4,500/yr.
Divide by 12 for the monthly escrow amount your mortgage servicer collects — for example $263/month on a $350,000 home. These figures use the county effective rate; your local rate and any exemptions change the final bill.
How affordable is property tax in New York County?
The typical New York County homeowner pays about $10,001 in property tax against a median household income of $104,553 — roughly 9.6% of income a year. That ratio is a quick way to compare the real weight of property tax across counties, since a low rate on an expensive home can still be a large dollar bill.
How New York County property tax is calculated
New York County's assessor sets your home's assessed value, and local millage rates from the county, municipality and school district are applied to it; the 0.9% effective rate rolls all of that into one share of market value. To estimate your tax, multiply your home value by 0.9% (or your exact local rate), then subtract any homestead or senior exemption you qualify for. The calculator above does this and shows both the annual bill and the monthly escrow amount.
New York County property tax — frequently asked questions
What is the property tax rate in New York County?
New York County's effective property tax rate is 0.9% of home value in 2026 — its median $10,001 bill on a median $1,108,900 home. That is the 3rd lowest of the 62 counties in New York, where the state average is 1.3%.
How much is property tax on a $350,000 home in New York County?
At New York County's 0.9% effective rate, a $350,000 home owes about $3,150 a year — roughly $263 a month through escrow. Your exact municipality and any exemptions can move this up or down.
Is property tax high in New York County?
New York County ranks the 3rd lowest of the 62 counties in New York by effective rate (0.9% vs the 1.3% state average), so it is on the lower side for New York. The median bill is $10,001 a year.
What is the median property tax in New York County?
The median New York County homeowner pays about $10,001 a year, on a median home value of around $1,108,900 — an effective rate near 0.9% (US Census ACS).
How is New York County property tax calculated?
Multiply your home's value by New York County's effective rate (0.9%, or your exact local millage), then subtract any homestead exemption. The county assessor sets the assessed value and local bodies set the rates; the calculator above estimates the annual and monthly amounts.
How NYC actually computes New York County property tax: the four tax classes
Unlike most US counties, New York City does not tax market value directly. Every property falls into one of four tax classes, each with its own assessment ratio (the share of market value that is taxable) and its own rate, set each year by the City Council. The FY2026 rates below — final rates adopted October 29, 2025, retroactive to July 1, 2025 — come from the NYC Department of Finance’s open dataset Property Tax Rates by Tax Class on NYC Open Data:
| Tax class | What it covers | FY2026 rate (on assessed value) | Assessment ratio |
|---|---|---|---|
| Class 1 | 1-3 family homes, small condos (≤3 stories) | 19.843% | 6% |
| Class 2 | Co-ops, condos, rentals (4+ units) | 12.439% | 45% |
| Class 3 | Utility company equipment | 11.108% | 45% |
| Class 4 | Commercial & industrial | 10.848% | 45% |
This is why the nominal Class 1 rate (19.843%) coexists with the much lower effective rates shown by our Census-based figures above: a Class 1 home is assessed at only 6% of market value (with capped yearly growth), so 19.843% of that assessed slice lands near ~1.2% of market value before exemptions like STAR. Compare the class rates year by year in the DOF dataset — rates are published back to FY2003.
Compare nearby counties in New York
See all 62 New York counties ranked by property tax rate, or compare:
Researched & verified by the Calcuris Data & Research Team. How we build and check our tools →