New York

Property Tax Rates & Rules

1.4%

Effective Rate

$6,300

Median Annual Tax

$450k

Median Home Value

Available

Homestead Exempt

Full Tax Details

Avg Effective Rate1.4%

Median Home Value$450,000

Median Annual Tax$6,300

Assessment RatioVariable

Homestead ExemptionYes

Senior ExemptionYes

Highest Rate CountyWestchester

Lowest Rate CountyKings

Payment ScheduleVaries by locality; often semi-annual or quarterly (e.g., NYC).

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.

Official Source

New York Tax Authority

Last verified: 2026-03-31 · Always confirm current rates before making real estate decisions.