Money & taxes · Estimator

New York property-tax estimator.

New York runs two completely different property-tax systems. Outside New York City, your bill is your market value times a combined rate set by the county, town, and school district — reconciled by an equalization rate. Inside the City, it's the four-class system run by the Department of Finance. Use the estimator below for the right system.

More money and property paths

Home & Property Money notes Quick reference NYC property tax STAR Equalization rates Transfer and mansion tax Co-op vs. condo Local income tax Rent stabilization Short-term rentals

Estimator

New York property-tax estimate

New York has two systems. Pick the one that fits — the rest of the state works from your market value and a full-value rate; New York City uses taxable value and its four tax classes.

Market (full) value$A realistic sale price. Your assessed value is usually lower — the state's equalization rate reconciles the two, which is why we work from market value here.Combined full-value rate/ $1,000County + town/city + school, per $1,000 of market value. Find your place's range on its page on this site, or your tax bill.

Estimated annual tax

$10,500

Monthly escrow planning

$875

Effective rate

3.00%

STAR: if this is your primary home, the STAR program usually helps with the school-tax part of the bill. New York City, Buffalo, Rochester, Yonkers, and Syracuse have special city-and-school treatment. Register or check your status at tax.ny.gov; it is not subtracted above.

This is a planning estimate, not a bill. It doesn't include every exemption, special district, or parcel-specific adjustment. Confirm with your assessor (rest of state) or the NYC Department of Finance (the City).

Official sources

Where the estimator gets its footing

Outside New York City, the planning rate comes from state full-value rate data. Inside the City, the class system and rates come from the Department of Finance.

Data used: ORPTS 2025

Use this carefully: This is a planning estimate, not a tax bill. Confirm parcel details, exemptions, special districts, and current rates with the assessor or NYC Department of Finance before acting.

New York property-tax mechanics

Outside the City, your assessed value usually isn't your market value. Towns assess at different levels, so the state publishes an equalization rate that puts everyone on the same footing. The rates on this site are already stated at full value — per $1,000 of market value — so you can work straight from a realistic sale price.

Your total rate is a stack. County + town or city + school district (+ a village, if you're in one). The school part is usually the biggest — and it's the part the STAR program lowers.

New York City is its own world. A 1–3 family home, and many small condos, are Class 1. Co-ops, larger condos, and rentals usually use the Class 2 system and are not valued like ordinary resale property — the City uses a comparable-rental method for co-ops and condos. For the closest estimate, use taxable value from the bill; assessed value from the notice is a rougher pre-exemption number.

Find your place's rate -> NYC property-tax guide ->

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