Property tax in New York County, New York
In New York County, the property tax bill comes from the New York City Department of Finance. The Fiscal year 2027 bill is paid in 4 installments, and the next one is due January 1, 2027. You can look up and pay the bill on the county's own payment page. Taken from New York County's own pages, checked September 23, 2026.
The median property tax bill in New York County, New York is $10,000+ a year, which is at least 0.92% of the county's median home value of $1,090,500. The Census stops counting at $10,000: it reports only that the median bill here is $10,000 or more, so the true bill and rate are higher than shown. That effective rate is higher than the national median (0.81%); against the typical New York county (2.04%) the capped figure cannot say. These are American Community Survey 5-year estimates (2024); your own bill depends on your home's assessed value and any exemptions.
Who sends the property tax bill in New York County, and how do you pay it?
The bill comes from the New York City Department of Finance. The value it is based on is set by a separate office, the New York City Department of Finance (values every property in the city each year and mails a Notice of Property Value in January), which is who to ask if the value looks wrong. For how to look up and pay the bill, go to the county's own payment information.
New York County is Manhattan, and its property tax is New York City's. The city's Department of Finance values every property, sends the bill and collects it; there is no separate county, town or school tax bill. How often you are billed depends on your property's assessed value, not its market value: $250,000 or less means quarterly bills, more than that means bills twice a year. If a bank or mortgage company pays your taxes, the bill goes to it, not to you. Mailed payments count by their postmark date. Appeals of your assessed value go to the city's Tax Commission, an agency separate from the Department of Finance.
When are property taxes due in New York County?
For the Fiscal year 2027 (July 1, 2026 to June 30, 2027) bill, New York County splits the bill into 4 payments, the first due July 1, 2026 and the last April 1, 2027. The next one due is the january 1 payment (quarterly and semiannual bills), on January 1, 2027. A payment not received or postmarked by its due date is late (for quarterly payers, after the 15th-of-the-month grace period, with interest counted from the original due date). Interest compounds daily. For July 1, 2026 through June 30, 2027 the annual rate is 6% for properties assessed at $250,000 or less, 9% above $250,000 up to $450,000, and 16% above $450,000. Unpaid taxes can be sold in the city's tax lien sale; one- to three-family homes, co-ops and condos must be three years behind on property tax to be included. Not receiving a bill does not excuse a late payment.
| Payment | Due | Note |
|---|---|---|
| July 1 payment (quarterly and semiannual bills) | July 1, 2026 (passed) | Homes with an assessed value of $250,000 or less are billed quarterly; homes assessed at more than $250,000 are billed twice a year, on July 1 and January 1. Quarterly payers could pay interest-free through the grace period ending July 15. Paying the whole year's property tax by the July due date (or the July 15 grace-period date for quarterly payers) earned a 0.50% discount. This payment has already passed for the year that began July 1, 2026. |
| October 1 payment (quarterly bills only) | October 1, 2026 (passed) | Interest-free through the grace period ending Thursday, October 15, 2026. Paid after the grace period, interest runs from October 1. Paying the rest of the year by October 15 earns a 0.33% discount on the last three quarters. |
| January 1 payment (quarterly and semiannual bills) | January 1, 2027 | January 1, 2027 is a Friday and a federal holiday. The Department of Finance says a payment due on a weekend or federal holiday is due the next business day, Monday, January 4, 2027. Quarterly payers also have a grace period through Friday, January 15, 2027; semiannual payers have no grace period. Paying the remaining balance by the January due date earns a 0.17% discount on the last six months. |
| April 1 payment (quarterly bills only) | April 1, 2027 | Interest-free through the grace period ending Thursday, April 15, 2027. Paid after the grace period, interest runs from April 1. |
From New York County's published schedule, checked September 23, 2026. If a date falls on a weekend or holiday, the county's own rules on the next business day apply.
Estimate the property tax on a home in New York County
Enter a home's market value for a ballpark at New York County's average effective rate of 0.92% (Census). The real bill depends on the home's assessed value, the millage where it sits and any exemptions.
Estimated property tax: $10,033 / year
Property tax in New York County at a glance
| Measure | Value |
|---|---|
| Median annual property tax | $10,000+ |
| Median home value | $1,090,500 |
| Effective tax rate | at least 0.92% |
| Typical New York county rate | 2.04% |
| National median county rate | 0.81% |
Effective rate = median real estate taxes paid divided by median home value. Source: U.S. Census Bureau, American Community Survey 5-year estimates.
How does New York County compare in New York?
Among New York's 62 counties, New York County has the 59th highest effective property-tax rate: 58 rank higher and 3 rank lower. Nationally, it ranks 1305th of 3135 US counties by effective rate. Both ranks use the capped $10,000 bill, so the county's true rate, and its true rank, may be higher still. See every New York county ranked.
How much do homeowners in New York County actually pay?
The median is only the middle bill. Across New York County's 194,982 owner-occupied homes, 63.4% pay $3,000 or more a year in property tax, 66.3% pay at least $2,000, and 3.2% pay under $800. Another 25.6% report paying no property tax at all, which usually means an exemption covers the whole bill.
| Annual bill | Homes | Share |
|---|---|---|
| Under $800 | 6,305 | 3.2% |
| $800 to $1,499 | 6,792 | 3.5% |
| $1,500 to $1,999 | 2,673 | 1.4% |
| $2,000 to $2,999 | 5,672 | 2.9% |
| $3,000 or more | 123,551 | 63.4% |
| No property tax paid | 49,989 | 25.6% |
Owners with a mortgage pay a median of $10,000+ and owners without one pay $10,000+. At least one of those medians hits the Census cap, so the gap between them cannot be measured here. Census table B25103.
Property tax in counties next to New York County
New York County borders 5 counties, 2 of them across the state line.
| County | Effective rate | Median bill | Median home value |
|---|---|---|---|
| Hudson County, NJ | 1.77% | $9,555 | $539,700 |
| Bergen County, NJ | at least 1.61% | $10,000+ | $623,000 |
| Bronx County, NY | 1.03% | $5,447 | $529,500 |
| New York County, NY (this county) | at least 0.92% | $10,000+ | $1,090,500 |
| Queens County, NY | 0.87% | $6,297 | $723,800 |
| Kings County, NY | 0.71% | $6,382 | $905,000 |
How is a home assessed in New York County?
New York sets the assessment rules and New York County applies them. How New York assesses and reappraises homes.
Is there a homestead exemption in New York County?
Not as a flat dollar amount. New York's main owner-occupancy benefit is STAR, which reduces school taxes for owners with income up to $500,000 (STAR credit) or $250,000 (STAR exemption). That is the New York rule, and it applies in New York County. New York's exemptions and relief programs in full.
On top of the New York programs, New York County runs its own:
- Cooperative and Condominium Property Tax Abatement: A city abatement for co-op and condo units in tax class 2 buildings that are the owner's primary residence, for owners with no more than three units in the development; it cuts the unit's tax by 17.5% to 28.1% depending on the building's average unit assessed value. Owners do not apply themselves: the co-op or condo board applies for the whole building each year and attests to each owner's primary residence, and a unit must be bought by January 5 to count for the tax year starting July 1.
- Senior Citizen Homeowners' Exemption (SCHE): For one- to three-family homes, condos and co-op apartments where all owners are 65 or older (only one if the owners are spouses or siblings), the home is the primary residence, it has been owned at least 12 months, and combined income is no more than $58,399; it lowers assessed value by 5% to 50% depending on income, and must be renewed every two years. If you qualify for both this and the disabled homeowners' exemption, you get this one. Apply by March 15.
- Disabled Homeowners' Exemption (DHE): For owners with a documented disability of a one- to three-family home, condo or co-op apartment that is their primary residence, with combined income of no more than $58,399; it lowers assessed value by 5% to 50% depending on income, cannot be combined with SCHE, and must be renewed every year. Apply by March 15.
- Property Tax and Interest Deferral (PT AID) Program: Payment plans for owners of a one- to three-family home or a condo that has been their primary residence for at least a year and who face hardship: depending on the plan, taxes can be deferred or payments capped at 8% of income. Co-op apartments are not eligible. The income limit is a federal adjusted gross income of $110,750 or less.
How to appeal your New York County property assessment
In New York County you appeal to the New York City Tax Commission. The deadline: The Tax Commission must receive your Application for Correction by March 15 for tax class 1 (one- to three-family homes) and by March 1 for tax classes 2, 3 and 4, which include co-ops and condos. These deadlines cannot be extended. For the Notice of Property Value mailed in January 2027 (tax year starting July 1, 2027), that is Monday, March 1 and Monday, March 15, 2027. A revised notice dated after February 1 that raises the value or cuts an exemption gives you 20 days from the notice date instead. To correct a factual error in the property description, file a separate Request for Review with the Department of Finance by March 15 (class 1) or April 1 (other classes); that does not replace a Tax Commission appeal. How to file. Checked September 23, 2026 against the official appeal rules.
How New York's appeal process works, including the next level if the first one turns you down.
New York rules from primary state sources, reviewed September 7, 2026; sources on the New York page.
Work out your own numbers
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How much house can I afford?
Your income, debts and down payment against the 28/36 rule lenders actually use, with New York County's tax rate to hand.
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Mortgage calculator
Monthly payment with principal, interest, tax and insurance, plus what an extra payment saves you.
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New York income tax
Brackets, standard deduction and what New York actually taxes.
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Sales tax in New York County
The other local tax: combined state and local rate for this county.
Sources
- Median real estate taxes paid and median home value for New York County, New York: U.S. Census Bureau, American Community Survey 5-year estimates (2020-2024), tables B25103, B25077, B25102, B25119 and B25003; the five-year comparison uses the 2015-2019 estimates. Neighboring counties: Census county adjacency file.