Property Tax Rates & Rules
New York has an average effective property tax rate of 1.4%, making it a mid-range property tax state. On a median-valued home of $450,000, the typical annual property tax bill is $6,300. Homeowners may qualify for a homestead exemption, which can reduce the taxable value of a primary residence. STAR (School Tax Relief) program provides credits or exemptions. Senior citizens may qualify for additional exemptions or tax relief programs. If you believe your property is over-assessed, you have the right to appeal.
Assessment Method
Assessment ratios set by local municipalities (Uniform Percentage of Value).
Homestead Exemption Details
STAR (School Tax Relief) program provides credits or exemptions.
Senior Exemption Details
Enhanced STAR and local 50% sliding scale for low-income seniors.
How to Appeal Your Assessment
Grievance Day (typically 4th Tuesday in May) with Board of Assessment Review.
What is the property tax rate in New York?
New York has an average effective property tax rate of 1.4%. On a home valued at $450,000, the typical annual property tax bill is approximately $6,300. Rates vary by county — Westchester has the highest rates while Kings has the lowest.
Does New York have a homestead exemption?
Yes. New York offers a homestead exemption for primary residences. STAR (School Tax Relief) program provides credits or exemptions.
How is property assessed in New York?
New York assesses property at Variable. Assessment ratios set by local municipalities (Uniform Percentage of Value). The assessed value is then multiplied by the local mill rate to determine your property tax bill.
How do I appeal my property tax assessment in New York?
Grievance Day (typically 4th Tuesday in May) with Board of Assessment Review.
Are there senior property tax exemptions in New York?
Yes. New York offers property tax relief for senior citizens. Enhanced STAR and local 50% sliding scale for low-income seniors.
When are property taxes due in New York?
New York property taxes are paid on a Varies by locality; often semi-annual or quarterly (e.g., NYC).. Contact your county tax collector for exact due dates and payment options for your area.
How does New York property tax compare to neighboring states?
New York's average effective rate of 1.4% is close to the national average of approximately 1.1%. Use the comparison table above to see how neighboring states compare.
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Official Source
New York Tax Authority
Last verified: 2026-03-31 · Always confirm current rates before making real estate decisions.