State guide · NY
Property taxes in New York
New York homeowners pay an effective rate of about 1.64% of home value per year — above the national average of about 0.99%, ranking #7 of the 50 states and D.C.
Effective rate
1.64%
On a median home
$7,872/yr
Added to your payment
$656/mo
The math: New York's median home value is roughly $480,000. At an effective rate of 1.64%, that's about $7,872 a year in property taxes, typically collected monthly through your mortgage escrow. Your actual bill depends on your county's rate, your home's assessed value, and any exemptions you qualify for (homestead, senior, veteran, or disability exemptions are the common ones).
If your assessment looks high compared to what similar homes are selling for, appealing is often worth the paperwork — assessors work at scale and mistakes are common. Our guide on how property taxes work walks through assessments, mills, and the appeal process step by step.
How New York compares
| Rank | State | Effective rate |
|---|---|---|
| #5 | Connecticut | 1.79% |
| #6 | Texas | 1.68% |
| #7 | New York | 1.64% |
| #8 | Nebraska | 1.63% |
| #9 | Wisconsin | 1.61% |
Common questions
What is the property tax rate in New York?
New York's effective property tax rate averages about 1.64% of home value per year — above the national average of about 0.99%. Actual rates vary by county and city, so two homes in New York can pay meaningfully different rates.
How much are property taxes on a typical home in New York?
On a median-priced New York home (roughly $480,000), the effective rate works out to about $7,872 per year, or $656 per month — usually collected through your mortgage escrow account.
See your full New York payment
We'll prefill New York's average tax rate — add your price, down payment, and rate for the complete monthly picture.
Open the mortgage calculatorRates shown are approximate statewide effective averages on owner-occupied homes, compiled from public data and rounded for readability. Counties and cities set actual rates; always confirm with your local assessor. Median home values are approximate.