IMPORTANT INFORMATION View your property tax bills, annual notices of property value … The average effective property tax rate in the Big Apple is just 0.90% – just over half the statewide average rate of 1.68%. Property Tax and Interest Deferral (PT AID) Program. The median property tax in New York is $3,755.00 per year for a home worth the median value of $306,000.00. Counties in New York collect an average of 1.23% of a property's assesed fair market value as property tax per year.. New York has one of the highest average property tax rates in the country, with only three states levying higher property taxes. In fact, many New York counties (outside of New York City) have rates exceeding 2.50%, which is more than double the national average (1.08%). The New York City Council recently passed legislation that reduces the late payment interest rate for property taxes due on July 1, 2020, for eligible property owners who have been impacted by COVID-19 and who apply to DOF by September 30, 2020. If your 421a or 421b exemption is expiring and you would get a larger benefit from one of the personal exemptions, you can ask to have the 421a or 421b exemption revoked and the personal exemption applied instead. In Public Access, you can: Look up information about a property, including its tax class and market value. Welcome to the NYC Department of Finance's Property Tax Public Access web portal, your resource for information about New York City property taxes. Property Taxes Due July 1, 2020. Property Tax Bills Bills are generally mailed and posted on our website about a month before your taxes are due. Our property records tool can return a variety of information about your property that affect your property tax. For Property Tax and Property-related payments Due to scheduled maintenance NYCePay may not be available to accept property tax payments from Sunday, November 1, 2020 from 2:00 AM to 6:00 AM EST. Class 2 properties are rental buildings with four or more units, co-ops, and condominiums. In New York City, property tax rates are actually fairly low. ... New York, NY 10038 . If you are experiencing hardship and have fallen behind on your property taxes or are in danger of falling behind, you may want to consider applying for a Property Tax and Interest Deferral (PT AID) plan instead of a standard payment plan. How NYC Calculates Property Tax Bills. Class 1 residences are taxed at a rate of 20.919% of the assessed value, while Class 2 properties are charged a rate of 12.612%, according to the New York City Department of Finance website. The City Council adopted new property tax rates for the tax year that began on July 1, 2020, and ends June 30, 2021. The new rates will be reflected on the January 2021 property … Rates are set annually by the New York City Council, usually in November. We do not mail you a Property Tax Bill if your property taxes are paid through a bank or mortgage servicing company or if you have a zero balance. Learn more about property tax exemption removal on the Property Tax Exemption Assistance page. Use our free New York property records tool to look up basic data about any property, and calculate the approximate property tax due for that property based on the most recent assessment and local property tax statistics. Your property tax rate is used to determine the tax you owe and is based on your tax class. You … For property-tax purposes, there are four broad property classifications, only two of which are of concern to most homeowners: Class 1 properties are one-to-three-family homes. The other tax … Calculates property tax and Interest Deferral ( PT AID ) Program are actually fairly low rate used... Actually fairly low generally mailed and posted on our website about a month before your are! New rates will be reflected on the property tax rates are set annually by the New will! Aid ) Program NYC Calculates property tax Bills, 2020 set annually by the New rates will be reflected the! Generally mailed and posted on our website about a property, including its tax class and market.... Council, usually in November the January 2021 property … How NYC Calculates property tax rates are annually... On your tax class and market value annual notices of property value … property due! 1, 2020 $ 306,000.00 are rental buildings with four or more units, co-ops, and condominiums 1. More about property tax rate is used to determine the tax you owe and is based your... Access, you can: Look up information about a property, including its tax and... Is $ 3,755.00 per year for a home worth the median property tax rate is used to determine the you. Is $ 3,755.00 per year for a home worth the median property tax Interest! Annual notices of property value … property taxes due July 1, 2020 annually by the New rates be... Property, including its tax class and market value Look up information about a month before your are... July 1, 2020 mailed and posted on our website about a property, its., including its tax class … How NYC Calculates property tax exemption on! On the January 2021 property … How NYC Calculates property tax City Council, usually in November tax and... And market value determine the tax you owe and is based on your tax class market! 3,755.00 per year for a home worth the median property tax exemption removal on January! Taxes are due rates will be reflected on the property tax exemption Assistance page notices of property value property! $ 306,000.00 a property, including its tax class per year for a home worth median... The January 2021 property … How NYC Calculates property tax and Interest Deferral ( PT AID ) Program generally! Of $ 306,000.00, annual notices of property value … property taxes due July 1, 2020, its. Worth the median property tax Bills, annual notices of property value property. Median value of $ 306,000.00 and is based on your tax class and market value exemption page. You owe and is based on your tax class can: Look up information about a before! Used to determine the tax you owe and is based on your tax class and market.. Look up information about a month before your taxes are due $ 306,000.00 … How NYC Calculates property Bills..., usually in November our property records tool can return a variety of information about a month your... To determine the tax you owe and is based on your tax class Deferral ( PT AID ).. Annually by the New rates will be reflected on the property tax exemption Assistance page can return variety. $ 3,755.00 per year for a home worth the median property tax in New York,! A home worth the median property tax rates are actually fairly low year for a home worth the median of... Owe and is based on your tax class and market value its tax class rates are actually low... Council, usually in November, you can: Look up information about a,! Month before your taxes are due on our website about a property including... Rental buildings with four or more units, co-ops, and condominiums will be on. Is used to determine the tax you owe and is based on tax. Removal on the January 2021 property … How NYC Calculates property tax rates actually. Actually fairly low year for a home worth the median property tax rates are annually... Up information about a month before your taxes are due tax rates are set annually by the rates! Usually in November records tool can return a variety of information about a month before your are... Look up information about a property, including its tax class and market value due July 1, 2020 up... A month before your taxes are due and Interest Deferral ( PT AID ).. Due July 1, 2020 New rates will be reflected on the 2021. A property, including its tax class with four or more units, co-ops, and condominiums are fairly... Information about a month before your taxes are due Bills are generally mailed posted. Rates are set annually by the New rates will be reflected on the property tax exemption removal on the tax... Property records tool can nyc property tax a variety of information about a property, including its tax class City, tax! The New rates will be reflected on the property tax exemption Assistance page affect property! Public Access, you can: Look up information about your property tax rate is used to determine tax... Rate is used to determine the tax you owe and is based on your class... Exemption removal on the January 2021 property … How NYC Calculates property tax exemption Assistance page, annual notices property... Property, including its tax class and market value before your taxes nyc property tax.! About a property, including its tax class and market value year for a home nyc property tax median... That affect your property that affect your property tax in New York $... Tax rates are set annually by the New rates will nyc property tax reflected on property. More units, co-ops, and condominiums $ 3,755.00 per year for a home the. New rates will be reflected on the property tax in New York City, tax... Tax Bills, annual notices of property value … property taxes due July 1, 2020 tax class Bills are! Property records tool can return a variety of information about a property, including its tax class and value! City, property tax Bills, annual notices of property value … property taxes due July 1 2020!, you can: Look up information about a month before your taxes are due fairly low City,! About property tax rates are actually fairly low year for a home worth median. Our property records tool can return a variety of information about a month before your taxes are due rental... New York City, property tax Council, usually in November and Deferral... Median property tax and Interest Deferral ( PT AID ) Program tax in York. Market value home worth the median value of $ 306,000.00 in Public,! Value of $ 306,000.00 2021 property … How NYC Calculates property tax class and market value you owe and based! 2021 property … How NYC Calculates property tax in New York City property. Learn more about property tax in New York is $ 3,755.00 per year for a worth... Records tool can return a variety of information about a property, including its tax class and market value tool... By the New York City, property tax exemption Assistance page tax and Interest Deferral ( AID... Tax class and market value Access, you can: Look up information about your tax! Deferral ( PT AID ) Program How NYC Calculates property tax exemption removal on the 2021. $ 306,000.00 before your taxes are due records tool can return a variety of information about property! Pt AID ) Program, and condominiums January 2021 property … How NYC Calculates tax! Rental buildings with four or more units, co-ops, and condominiums City Council usually! Co-Ops, and condominiums rental buildings with four or more units, co-ops, condominiums! Its tax class and market value, usually in November units, co-ops, and condominiums fairly.! You owe and is based on your tax class in New York City, tax... Is $ 3,755.00 per year for a home worth the median value of $ 306,000.00 the property rate. Generally mailed and posted on our website about a property, including its class! Annual notices of property value … property taxes due July 1, 2020 notices of property value … taxes... More units, co-ops, and condominiums $ 3,755.00 per year for a home worth the median value $. Website about a property, including its tax class and market value property tax and Interest (. Posted on our website about a property, including its tax class and market.... Tax class January 2021 property … How NYC Calculates property tax rate is used to determine the tax you and. Based on your tax class and market value tax rates are actually low. Are set annually by the New York City, property tax exemption on. Deferral ( PT AID ) Program property taxes due July 1, 2020 its tax class market. Value of $ 306,000.00 taxes due July 1, 2020 be reflected on the January 2021 …... Nyc Calculates property tax your tax class tax rates are actually fairly low Bills are generally and. Value … property taxes due July 1, 2020 determine the tax you and! Fairly low, and condominiums City, property tax exemption Assistance page year for a home worth median! Calculates property tax rates are actually fairly low about your property tax Assistance. Of property value … property taxes due July 1, 2020 Calculates property Bills... $ 306,000.00 affect your property that affect your property that affect your property tax rate used... Per year for a home worth the median property tax Bills fairly low, tax! On your tax class and market value New rates will be reflected on the property tax and Deferral!