🗽 New York Property Tax 2026 • Estimator

New York Property Tax Calculator

NY
Written by the USAFinCalc Team
Editorial Policy · Methodology

Estimate your New York property tax for the 2026 tax year. Enter your home's assessed value and location to see your annual bill, including county/city tax rates (0.5%–3.0%+), STAR exemption, and school tax.Updated 2026

Enter your property value below to calculate your New York property tax.
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📍 New York — 0.5%–3.0%+ Effective Rate
📊 STAR Exemption: Basic ($30,000) / Enhanced ($65,000) · NYC: ~0.9%–1.2% · Suburbs: ~1.5%–2.5% · Upstate: ~2.0%–3.0%+
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New York Property Tax Estimator — Quick Look

Estimated annual property tax for common home values (primary residence, Basic STAR exemption).

Assessed ValueLocationSTAR ExemptionTotal TaxMonthly
$300,000Albany (2.0%)$30,000$5,400$450
$500,000Albany (2.0%)$30,000$9,400$783
$500,000Westchester (1.8%)$30,000$8,460$705
$500,000Nassau (1.9%)$30,000$8,930$744
$750,000NYC (1.0%)$30,000$7,200$600
$1,000,000NYC (1.0%)$30,000$9,700$808
$1,000,000Westchester (1.8%)$30,000$17,460$1,455

* Estimates for primary residence with Basic STAR exemption ($30,000). Actual tax varies by school district, village/city taxes, and additional exemptions.

New York Property Tax Information 2026

Average Effective Rate: 0.5%–3.0%+ depending on location County + City + School

STAR Exemption (2026):

  • Basic STAR: $30,000 exemption from assessed value (income limit: $250,000)
  • Enhanced STAR: $65,000 exemption for seniors 65+ with income under $98,700

New York City Property Tax:

  • Class 1 (1-3 family homes): ~0.9% effective rate (limited assessment increases)
  • Class 2 (condos/co-ops): ~1.2% effective rate
  • Class 4 (commercial): ~1.0% effective rate

Additional Exemptions:

  • Veterans Exemption: Up to $15,000–$30,000 off assessed value (county-dependent)
  • Senior Citizen Exemption: Additional 5%–50% reduction for low-income seniors 65+ (county-dependent)
  • Disabled Persons Exemption: 5%–50% reduction for permanently disabled (county-dependent)
  • Cold War Veterans Exemption: Up to 15% reduction (county-dependent)

School Tax: In many upstate districts, school taxes can be 60%–70% of total property tax bill.

Source: New York State Department of Taxation and Finance — tax.ny.gov · Updated July 2026

Frequently Asked Questions — New York Property Tax

What is the New York property tax rate for 2026?
New York's property tax rate varies significantly by location. The average effective rate ranges from 0.9% in New York City to 2.0%–3.0% in upstate counties. Rates are a combination of county, city/town, school district, and special district taxes, typically expressed as "mills" (1 mill = $1 per $1,000 of assessed value).
What is the STAR exemption in New York?
The STAR (School Tax Relief) Exemption reduces your property's assessed value for school taxes. Basic STAR exempts $30,000 for homeowners with income under $250,000. Enhanced STAR exempts $65,000 for seniors 65+ with income under $98,700. This saves homeowners hundreds to thousands per year.
How is New York property tax calculated?
Property tax is calculated as:
Tax = (Assessed Value - Exemptions) × (Total Millage Rate / 1,000)
Example: $500,000 home in Albany with $30,000 STAR exemption and 20 mills rate: ($470,000 × 20) / 1,000 = $9,400 annual tax.
What is the difference between assessed value and market value in New York?
In New York, assessed value is a percentage of market value determined by the local assessor. Many municipalities use an assessment ratio (e.g., 100% in NYC, 50% in some upstate counties). The taxable value is the assessed value minus exemptions.
Does New York City have the highest property taxes?
No. While NYC has high property values, the effective tax rate is relatively low (0.9%–1.2%) compared to upstate counties. Counties like Albany, Erie, and Monroe often have effective rates above 2.0%, meaning homeowners pay a higher percentage of their home's value.
What is the senior citizen exemption in New York?
Many New York counties offer an additional 5%–50% reduction in assessed value for homeowners 65 years or older with limited income (typically under $37,400–$50,000). This is in addition to Enhanced STAR. Check with your county assessor for eligibility.
What is the veterans exemption in New York?
New York offers several veterans exemptions: Standard Veterans Exemption ($5,000–$15,000 reduction), Combat Zone Veterans Exemption ($10,000–$30,000 reduction), and Cold War Veterans Exemption (up to 15% reduction, county-dependent).
How often are New York properties reassessed?
New York City reassesses annually. Most upstate counties reassess on a 4–8 year cycle, though some are moving to annual reassessment. If you disagree with your assessment, you can file a grievance (appeal) with your local assessor or Board of Assessment Review.
When are New York property taxes due?
School taxes are typically due in September. County and town taxes are due in January. Payment schedules vary by county. Most offer payment plans and partial payment options.
Can I deduct New York property taxes on my federal return?
Yes. New York property tax is deductible on your federal income tax return if you itemize. However, the SALT (State And Local Tax) deduction is capped at $10,000 ($5,000 for married filing separately) for the 2026 tax year.

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📊 Data Methodology

New York property tax calculations use location-specific effective tax rates from the New York State Department of Taxation and Finance and county assessor offices. STAR exemptions: Basic ($30,000) and Enhanced ($65,000) are applied based on selection. Additional county-specific exemptions and school tax variations are estimated. Source: NY State DTF · Updated July 2026

Last updated: July 26, 2026