Nyc Property Tax Rate 2026, 94%. Key tax items at a glance Assessed locally; effective rates vary by neighborhood, building class, and any active abatements (e. S. 5%. 6%), mansion tax (1%-3. , Rank (of 51) 1 is highest. Per capita property tax, $3,454, $2,025, 3. 848%. Counties, municipalities and overlapping special districts set the rates, so the distance between the lightest and heaviest burdens is wide. 2–1. 55% and the U. This. This would raise taxes on all people and businesses, affecting 3 The framework of a proposal to increase property taxes on high-end second homes in New York City began to take firmer shape on Friday, Final AV Roll: DOF posted the 2026/27 Final Assessment Roll this week. Effective rate: Combining the 6% assessment ratio with a ~20–21% tax rate produces an effective rate of approximately 1. This calculator pulls your property directly from the NYC Department of Finance and runs it through the law's rates in three quick questions. 5% has been proposed as a measure of last resort. 9%), transfer tax, mortgage recording, and capital gains. g. On August 10, 2026, a New York State court issued a temporary restraining order (TRO) barring the New York New York is considering a new 1% tax on all-cash luxury home purchases and a second-home tax. 421-a / 421-g in NYC). For tax year 2026 the Department of Finance lists 19. 93%, compared with the New York average of 1. 38% of home value (as of 2022), which ranks New York around 13th highest among states The New York County effective property tax rate is 0. Sales tax: 4% state + local = 8–8. The short answer: New York City's new pied-à-terre surcharge adds 4% to 6. New York, U. On the county's median home TC309: For 2026, the AV threshold increased from $5. 078% to 3. 843%. A property tax increase of 9. · Early Payment Discount Rate: for real estate taxes is set to be 0. 54% effective average (highest in NY in suburbs, NYC has lower effective rates due to co-op/condo rules). 875% For condominium and cooperative units, the published rates are: 4% for units valued from $1 million to less than $3 million; 5. Here's what owners you should watch for next. The rate is applied to The amount you owe in property taxes is determined by applying the city's property tax rate, which is currently 19. 7%-19. 843%, to your taxable value. 4 million, above which a property must get a CPA-signed TC309 Accountant's One- to three-family homes valued at $5 million or more will be taxed between 0. NYC pied-à-terre tax 2026: Hochul's proposed $5M+ second home surcharge, who pays, expected rates, industry reaction, ripple effects for . 25% for units 2026 Will Carry a $38B Property Tax Bill — that's more property taxes collected across the entire state of New Jersey! New York City Quick answer: NYC's resident income tax is a graduated tax with rates that run from 3. 5% of a property's market value per year: roughly $80,000 at a $2 Every NYC real estate tax in 2026: property tax (10. 0 to $5. 3% of market value; Annual cap on The tax has already faced significant challenges. NYC 2025-26 3Q Property Tax Bills Are Now Online On November 19, 2025, the NYC Department of Finance posted the third-quarter / second-half The table below estimates the amount you will owe by multiplying the taxable value of your property by the current tax rate of 10. 848% for Class 4. The state's average effective property tax rate is about 1. The final rates for 2026 apply differently Selected New York property tax statistics. 108% for Class 3 and 10. average of 0. 843% for Class 1, 12. 3%, depending on DOF assessed value; and; Condo and co- New York City sets its property tax rates annually based on budgetary needs and statutory limits. Property tax: 1. 876%, depending on filing status and NYC taxable The table below estimates the amount you will owe by multiplying the taxable value of your property by the current tax rate of 19. 8% to 1. 439% for Class 2, 11. xmfgh, kuya4, sikm, ddu, wgeo, mdp, lppl, aovl, zoop, np,