New York, New York County, New York Property Taxes
Property Taxes in New York, New York
Median New York, New York effective property tax rate: 5.03%, significantly higher than the national median of 1.02%, and higher than the New York state median of 1.90%.
Median New York, New York home value: $5,128,000
Median annual New York, New York tax bill: $16,951, $14,551 higher than the national median property tax bill of $2,400.
How are property taxes in New York calculated?
Property taxes in New York, New York 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 New York's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New York, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
New York, New York County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
5.03%
Estimate Property Tax Bill
$257,938
$239,360
How Does the New York Property Tax Calculator Work?
Use this New York property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies New York's median effective tax rate of 5.03% — based on actual property records in New York County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies New York's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within New York: rates range from $4,650.00 in 10037 to $29,984.00 in 10007, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across New York.
About New York Property Taxes
About Property Taxes in New York, New York, New York
New York’s median effective property tax rate of 5.03% is higher than the New York state median of 1.90% and higher than the national median of 1.02%. This rate reflects the New York County base levy combined with local school district levies and special district levies that vary by subdivision throughout the city.
Property tax rates are not uniform across New York. Homeowners in the 10018 ZIP code carry a median effective rate of 5.37%, while those in 10030 pay 0.42%. This spread — 4.95 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across New York County. Understanding which part of New York you live in can make a meaningful difference to your annual tax bill.
New York homeowners who believe their assessed value is too high can file a formal appeal with the local Assessment Review Commission before the March 16, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across New York, New York County, New York
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare New York's effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S.
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 Tax Rate
5.03%
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%
New York, New York vs Similar New York Cities
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 Hempstead Tax Rate
0.26%
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 Oyster Bay Tax Rate
0.90%
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 Islip Tax Rate
2.24%
Property Tax Rates Across New York, New York County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10003 | 1.70% | 4.63% | 5.04% | 5.10% | 5.43% |
| 10004 | 4.85% | 4.85% | 5.18% | 5.18% | 5.29% |
| 10005 | 4.62% | 4.67% | 5.08% | 5.17% | 5.21% |
| 10006 | 4.86% | 5.00% | 5.00% | 5.25% | 5.25% |
| 10007 | 3.35% | 4.99% | 5.26% | 5.34% | 5.40% |
| 10009 | 0.97% | 3.39% | 4.92% | 5.20% | 5.61% |
| 10010 | 4.61% | 4.95% | 5.13% | 5.40% | 5.59% |
| 10011 | 2.80% | 4.80% | 4.99% | 5.33% | 5.60% |
| 10012 | 1.00% | 3.08% | 4.81% | 5.28% | 5.36% |
| 10013 | 2.17% | 4.65% | 5.12% | 5.30% | 5.49% |
| 10014 | 0.48% | 3.45% | 4.72% | 5.03% | 5.31% |
| 10016 | 4.52% | 4.83% | 5.08% | 5.28% | 5.57% |
| 10017 | 4.56% | 4.65% | 4.97% | 5.08% | 5.21% |
| 10018 | 4.77% | 5.37% | 5.37% | 5.84% | 6.40% |
| 10019 | 4.81% | 5.14% | 5.29% | 5.41% | 5.63% |
| 10021 | 2.27% | 4.67% | 4.93% | 5.20% | 5.52% |
| 10022 | 4.58% | 4.78% | 5.03% | 5.19% | 5.57% |
| 10023 | 2.11% | 5.07% | 5.29% | 5.38% | 5.50% |
| 10024 | 1.13% | 4.44% | 4.85% | 5.08% | 5.27% |
| 10025 | 3.58% | 4.64% | 5.00% | 5.22% | 5.40% |
| 10027 | 0.11% | 0.43% | 1.16% | 5.29% | 6.20% |
| 10028 | 2.35% | 4.62% | 4.97% | 5.18% | 5.30% |
| 10029 | 0.33% | 4.36% | 4.83% | 5.15% | 5.24% |
| 10030 | 0.11% | 0.15% | 0.42% | 2.65% | 5.38% |
| 10031 | 0.24% | 0.38% | 2.04% | 4.57% | 5.27% |
| 10032 | 0.33% | 0.91% | 4.50% | 5.15% | 5.42% |
| 10033 | 0.32% | 0.71% | 4.82% | 4.92% | 5.66% |
| 10036 | 4.18% | 4.96% | 5.15% | 5.29% | 5.33% |
| 10037 | 0.12% | 0.12% | 4.17% | 4.95% | 4.95% |
| 10038 | 4.85% | 4.97% | 5.07% | 5.29% | 5.33% |
| 10040 | 0.26% | 0.55% | 4.95% | 5.63% | 5.63% |
| 10065 | 3.88% | 4.67% | 4.86% | 5.12% | 5.29% |
| 10069 | 0.17% | 4.96% | 5.22% | 5.43% | 5.81% |
| 10075 | 4.42% | 4.63% | 4.96% | 5.23% | 5.26% |
| 10128 | 3.60% | 4.73% | 5.15% | 5.29% | 5.47% |
| 10001 | N/A | N/A | N/A | N/A | N/A |
| 10002 | N/A | N/A | N/A | N/A | N/A |
| 10020 | N/A | N/A | N/A | N/A | N/A |
| 10026 | N/A | N/A | N/A | N/A | N/A |
| 10034 | N/A | N/A | N/A | N/A | N/A |
| 10035 | N/A | N/A | N/A | N/A | N/A |
| 10039 | N/A | N/A | N/A | N/A | N/A |
| 10044 | N/A | N/A | N/A | N/A | N/A |
| 10103 | N/A | N/A | N/A | N/A | N/A |
| 10119 | N/A | N/A | N/A | N/A | N/A |
| 10170 | N/A | N/A | N/A | N/A | N/A |
| 10172 | N/A | N/A | N/A | N/A | N/A |
| 10271 | N/A | N/A | N/A | N/A | N/A |
| 10279 | N/A | N/A | N/A | N/A | N/A |
| 10280 | N/A | N/A | N/A | N/A | N/A |
| 10282 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across New York, New York County, New York
When examining property taxes in New York, 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 assessment office 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. For example, the median home price in New York is $5,128,000, with tax bills ranging significantly across the county. 10021 has the highest median home price at $29,327,000.
Property Tax Assessment Values Across New York, New York County, New York
Source: Ownwell
$250,872
$14,788,936
$29,327,000
Median New York Market Value
$5,128,000
Median New York County Market Value
$5,099,500
Median New York Market Value
$312,500
Median United States Market Value
$235,294
New York, New York vs Similar New York Cities
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 Hempstead Market Value
$351,000
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 Oyster Bay Market Value
$724,000
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 Islip Market Value
$549,296
Property Tax Assessment Values Across New York, New York County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10003 | $334,124 | $2,266,000 | $23,166,000 | $46,069,000 | $117,261,000 |
| 10004 | $218,679 | $300,684 | $455,563 | $642,370 | $53,176,000 |
| 10005 | $228,112 | $327,548 | $430,546 | $609,815 | $898,891 |
| 10006 | $184,851 | $210,532 | $250,872 | $459,271 | $937,512 |
| 10007 | $248,612 | $427,694 | $698,026 | $1,074,801 | $2,033,081 |
| 10009 | $220,703 | $364,684 | $2,402,000 | $5,803,000 | $30,081,000 |
| 10010 | $290,000 | $473,333 | $9,626,000 | $47,774,000 | $62,560,000 |
| 10011 | $279,431 | $530,468 | $3,605,000 | $31,404,000 | $82,878,000 |
| 10012 | $319,088 | $918,068 | $5,962,000 | $13,729,200 | $23,649,574 |
| 10013 | $260,450 | $462,364 | $814,394 | $2,261,025 | $11,666,000 |
| 10014 | $280,786 | $614,101 | $3,828,000 | $13,422,000 | $43,775,000 |
| 10016 | $203,140 | $276,473 | $630,141 | $27,604,000 | $54,211,000 |
| 10017 | $193,549 | $307,419 | $14,896,000 | $64,153,500 | $90,604,000 |
| 10018 | $309,061 | $393,650 | $851,078 | $17,506,000 | $34,529,000 |
| 10019 | $189,199 | $265,453 | $494,310 | $7,051,000 | $39,369,000 |
| 10021 | $387,027 | $5,511,750 | $29,327,000 | $48,394,000 | $72,233,000 |
| 10022 | $291,389 | $684,061 | $23,118,467 | $79,973,000 | $125,584,000 |
| 10023 | $251,137 | $492,828 | $18,455,000 | $85,598,000 | $135,259,000 |
| 10024 | $318,411 | $1,583,000 | $12,773,000 | $31,862,000 | $63,485,000 |
| 10025 | $141,628 | $282,970 | $7,063,000 | $20,583,000 | $28,730,000 |
| 10027 | $167,660 | $235,024 | $1,570,000 | $3,491,000 | $8,429,000 |
| 10028 | $440,337 | $2,887,000 | $22,832,000 | $42,084,000 | $66,007,000 |
| 10029 | $145,523 | $199,958 | $453,263 | $21,146,000 | $34,520,000 |
| 10030 | $137,420 | $194,253 | $299,484 | $2,253,000 | $3,255,000 |
| 10031 | $112,111 | $272,954 | $2,013,000 | $4,230,000 | $25,366,000 |
| 10032 | $94,644 | $174,598 | $2,120,000 | $4,648,000 | $31,462,000 |
| 10033 | $155,269 | $2,185,000 | $5,084,000 | $7,232,000 | $63,799,000 |
| 10036 | $225,114 | $279,387 | $389,301 | $1,721,000 | $11,496,000 |
| 10037 | $111,147 | $274,867 | $11,967,425 | $35,143,000 | $43,690,000 |
| 10038 | $186,733 | $248,978 | $349,796 | $584,596 | $1,966,736 |
| 10040 | $2,635,000 | $7,904,000 | $12,780,000 | $22,760,000 | $23,552,000 |
| 10065 | $259,143 | $450,754 | $17,239,000 | $38,268,000 | $67,118,000 |
| 10069 | $234,564 | $312,045 | $522,989 | $739,589 | $1,100,949 |
| 10075 | $266,628 | $879,302 | $18,426,000 | $45,558,000 | $61,116,000 |
| 10128 | $223,071 | $408,232 | $9,644,000 | $45,833,000 | $74,991,000 |
| 10001 | N/A | N/A | N/A | N/A | N/A |
| 10002 | N/A | N/A | N/A | N/A | N/A |
| 10020 | N/A | N/A | N/A | N/A | N/A |
| 10026 | N/A | N/A | N/A | N/A | N/A |
| 10034 | N/A | N/A | N/A | N/A | N/A |
| 10035 | N/A | N/A | N/A | N/A | N/A |
| 10039 | N/A | N/A | N/A | N/A | N/A |
| 10044 | N/A | N/A | N/A | N/A | N/A |
| 10103 | N/A | N/A | N/A | N/A | N/A |
| 10119 | N/A | N/A | N/A | N/A | N/A |
| 10170 | N/A | N/A | N/A | N/A | N/A |
| 10172 | N/A | N/A | N/A | N/A | N/A |
| 10271 | N/A | N/A | N/A | N/A | N/A |
| 10279 | N/A | N/A | N/A | N/A | N/A |
| 10280 | N/A | N/A | N/A | N/A | N/A |
| 10282 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across New York, New York County, New York
Property tax bills in New York are calculated from the assessed value of a home, not its market price alone. Local tax rates are then applied to that assessed value to determine the final bill, so two homes with similar market values can still owe very different amounts depending on assessment and location.
For homeowners, this means a higher assessed value can lead to a larger tax bill, even if the home has not been sold. In New York County, the median home price is $5,128,000, and property tax bills can vary widely across neighborhoods. The 25th percentile tax bill is $10,549, while the 75th percentile reaches $30,081 and the 90th percentile climbs to $55,106.
That spread shows how property taxes can significantly affect monthly housing costs and long-term affordability. Even within the same county, tax burdens can differ sharply, making it important for homeowners to understand how their bill is determined.
Median New York Tax Bill
$16,951
Median New York County Tax Bill
$16,932
Median New York Tax Bill
$5,420
Median United States Tax Bill
$2,400
New York, New York vs Similar New York Cities
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 Hempstead Tax Bill
$896
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 Oyster Bay Tax Bill
$5,349
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 Islip Tax Bill
$12,013
Property Tax Bills Across New York, New York County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10003 | $10,400 | $13,869 | $20,079 | $34,375 | $71,607 |
| 10004 | $8,887 | $12,145 | $15,454 | $21,928 | $27,171 |
| 10005 | $10,798 | $16,326 | $20,900 | $30,458 | $39,188 |
| 10006 | $9,103 | $10,514 | $12,534 | $24,029 | $48,332 |
| 10007 | $12,359 | $17,906 | $29,984 | $45,590 | $61,626 |
| 10009 | $7,751 | $10,498 | $15,382 | $22,368 | $39,525 |
| 10010 | $12,415 | $15,052 | $22,375 | $36,334 | $60,155 |
| 10011 | $10,619 | $14,644 | $25,989 | $43,246 | $73,885 |
| 10012 | $7,006 | $12,219 | $26,461 | $51,981 | $123,136 |
| 10013 | $11,710 | $18,393 | $29,804 | $46,141 | $71,159 |
| 10014 | $8,370 | $13,962 | $24,545 | $43,883 | $76,653 |
| 10016 | $8,150 | $10,928 | $15,095 | $22,510 | $37,005 |
| 10017 | $6,838 | $9,633 | $12,991 | $21,287 | $37,836 |
| 10018 | $16,443 | $18,801 | $23,323 | $36,231 | $56,533 |
| 10019 | $9,133 | $11,771 | $17,365 | $28,203 | $57,906 |
| 10021 | $9,251 | $13,189 | $22,485 | $44,926 | $109,004 |
| 10022 | $8,575 | $12,159 | $20,307 | $33,223 | $56,404 |
| 10023 | $6,429 | $11,228 | $17,349 | $29,120 | $49,938 |
| 10024 | $7,627 | $11,978 | $19,368 | $38,646 | $76,357 |
| 10025 | $4,607 | $6,652 | $10,178 | $17,635 | $37,126 |
| 10027 | $304 | $3,016 | $9,307 | $16,516 | $28,716 |
| 10028 | $7,667 | $12,922 | $24,017 | $41,811 | $101,886 |
| 10029 | $2,720 | $6,710 | $9,972 | $15,074 | $28,502 |
| 10030 | $240 | $378 | $4,806 | $9,284 | $13,186 |
| 10031 | $1,841 | $4,112 | $6,552 | $10,740 | $37,632 |
| 10032 | $1,599 | $3,920 | $6,495 | $10,483 | $93,187 |
| 10033 | $729 | $4,074 | $6,223 | $10,120 | $213,736 |
| 10036 | $8,949 | $12,676 | $16,680 | $21,498 | $29,937 |
| 10037 | $149 | $351 | $4,650 | $7,816 | $12,304 |
| 10038 | $9,283 | $11,759 | $16,956 | $25,076 | $38,484 |
| 10040 | $268 | $4,887 | $9,086 | $125,893 | $318,932 |
| 10065 | $9,504 | $13,220 | $20,611 | $31,838 | $71,967 |
| 10069 | $2,979 | $13,849 | $21,890 | $35,520 | $48,065 |
| 10075 | $9,760 | $11,857 | $17,635 | $32,899 | $77,291 |
| 10128 | $7,373 | $11,028 | $15,995 | $25,288 | $50,659 |
| 10001 | N/A | N/A | N/A | N/A | N/A |
| 10002 | N/A | N/A | N/A | N/A | N/A |
| 10020 | N/A | N/A | N/A | N/A | N/A |
| 10026 | N/A | N/A | N/A | N/A | N/A |
| 10034 | N/A | N/A | N/A | N/A | N/A |
| 10035 | N/A | N/A | N/A | N/A | N/A |
| 10039 | N/A | N/A | N/A | N/A | N/A |
| 10044 | N/A | N/A | N/A | N/A | N/A |
| 10103 | N/A | N/A | N/A | N/A | N/A |
| 10119 | N/A | N/A | N/A | N/A | N/A |
| 10170 | N/A | N/A | N/A | N/A | N/A |
| 10172 | N/A | N/A | N/A | N/A | N/A |
| 10271 | N/A | N/A | N/A | N/A | N/A |
| 10279 | N/A | N/A | N/A | N/A | N/A |
| 10280 | N/A | N/A | N/A | N/A | N/A |
| 10282 | N/A | N/A | N/A | N/A | N/A |
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 |