New York County, New York Property Taxes

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Property Taxes in New York County, New York

Median New York County effective property tax rate: 5.03%, significantly higher than the national median of 1.02%.
Median New York County home value: $5,099,500
Median annual New York County tax bill: $16,932, $14,532 higher than the national median property tax bill of $2,400.

How are property taxes in New York County calculated?

Property taxes in New York County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in New York County or another part of New York County, knowing local tax details benefits homeowners and investors.

Last Updated April 13, 2026

New York County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

5.03%

Estimate Property Tax Bill

$256,505

$238,029

How Does the New York County Property Tax Calculator Work?

Use this New York County property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies New York County's median effective tax rate of 5.03% to generate your estimate.

Enter your property's estimated assessed value — the figure the assessment office assigns for tax purposes, which is typically lower than market value after applicable exemptions. Our calculator uses the median effective rate for a more accurate estimate than the statutory millage rate alone.

Your actual bill may vary based on your specific exemptions, local school district levies, and any special assessment districts that apply to your property. New York County's median tax rate is higher than the New York state median tax rate of 1.90%, and the median tax bill of $16,932 is higher than the national median property tax bill of $2,400.

For a more precise estimate, scroll down to explore city and ZIP code-level tax rate trends across New York County.

Property Tax Rates Across New York County, New York

What Are Effective Property Tax Rates Across New York County?

Local government entities set tax rates, which vary widely across New York County. Each year, the county estimates its budget for public services and divides that total by the assessed value of all taxable property within its jurisdiction.

Below, compare New York County's effective property tax rate to other counties in New York or the U.S. median of 1.02%.

New York County's median effective rate stands at 5.03%, which is higher than the national median of 1.02%. Within New York County, the highest rate is found in New York at 5.03%, while Bronx has the lowest at 0.60%.

These variations reflect differences in local school district levies, special district levies assessments, and special district bonds — which compound the base county rate.

Property Tax Rates Across New York County, New York

Source: Ownwell

0.42%

2.89%

5.37%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective New York County Tax Rate

5.03%

Median Effective New York Tax Rate

1.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across New York County, New York

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Bronx	0.41%	0.47%	0.60%	0.72%	0.84%
New York	0.94%	4.64%	5.03%	5.29%	5.45%

Source: Ownwell

Property Tax Assessment Values Across New York County, New York

When examining property taxes in New York County, understanding the distinction between "market value" and "assessed value" is crucial.

The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The New York County appraisal district estimates the market value for tax purposes.

The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices:

In New York County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of January.

Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in New York County.

For example, the median tax bill in New York County is $16,932, with tax bills ranging significantly across the county. New York has the highest median home price at $5,128,000.

Property Tax Assessment Values Across New York County, New York

Source: Ownwell

$250,872

$14,788,936

$29,327,000

Median New York County Market Value

$5,099,500

Median New York Market Value

$312,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across New York County, New York

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Bronx	$569,738	$772,000	$899,000	$1,303,000	$1,581,400
New York	$224,188	$401,967	$5,128,000	$33,004,000	$76,881,000

Source: Ownwell

Property Tax Bills Across New York County, New York

Property tax bills in New York County are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. The assessed value can be influenced by location, property type, size, condition, and comparable sales nearby. For homeowners, this means that a higher market value or a higher assessment can lead to a larger tax bill, even if the property has not changed much physically.

The county’s median home price is $5,099,500, and tax bills vary widely across the area. The 25th percentile tax bill is $10,522, while the 75th percentile is $30,055 and the 90th percentile reaches $55,086. The highest median tax bill is $16,951 in New York, compared with $6,059 in Bronx. With a national median property tax rate of 1.02% and a national median tax bill of $2,400, homeowners in New York County often face much higher property tax burdens than the typical U.S. homeowner.

Property Tax Bills Across New York County, New York

Source: Ownwell

$4,650

$17,317

$29,984

Median New York County Tax Bill

$16,932

Median New York Tax Bill

$5,420

Median United States Tax Bill

$2,400

Property Tax Bills Across New York County, New York

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Bronx	$2,699	$3,886	$6,059	$7,144	$8,681
New York	$5,865	$10,549	$16,951	$30,081	$55,106

Source: Ownwell

Don't miss the deadline to file a grievance!

Dates
Appeal Deadline	March 16

Links
New York Assessment Review Commission
Website	propertyinformationportal.nyc.gov

Frequently Asked Property Tax Questions in New York County, New York

How are property taxes calculated in New York County, New York?

Property taxes in New York County, New York are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in New York County, New York?

To appeal your property taxes in New York County, New York, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in New York County, New York?

Common property tax exemptions in New York County, New York include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in New York County, New York?

Property tax deadlines in New York County, New York vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in New York County, New York?

Ownwell provides professional property tax appeal services in New York County, New York. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.

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