--- title: "New York Property Tax Calculator (1.45% Effective Rate) | TaxWren" description: "New York homeowners pay a median $6,542 a year in property tax on a median home value of $449,800, an effective rate of 1.45%: the 5th highest of the 50 states and DC and 63% above the US rate of 0.89%. Estimate the property tax on any New York home." url: https://taxwren.com/property-tax-calculator/new-york --- 2026 tax year ยท updated Oct 15, 2026 # New York property tax calculator New York homeowners pay a median $6,542 a year in property tax on a median home value of $449,800, an effective rate of 1.45%: the 5th highest of the 50 states and DC and 63% above the US rate of 0.89%. ## Estimated property tax per year $6,542 $545 a month at 1.4544% - Median tax paid in New York: $6,542 - Median home value there: $449,800 - Same home at the US rate (0.8905%): $4,005 Before exemptions such as a homestead exemption. Rates from the American Community Survey 2024 1-year estimates. ## New York property tax by home value At the statewide effective rate of 1.45%, compared with the same home at the US rate. | Home value | Per year | Per month | At the US rate | | --- | --- | --- | --- | | $200,000 | $2,909 | $242 | $1,781 | | $300,000 | $4,363 | $364 | $2,672 | | $400,000 | $5,818 | $485 | $3,562 | | $500,000 | $7,272 | $606 | $4,453 | | $750,000 | $10,908 | $909 | $6,679 | | $1,000,000 | $14,544 | $1,212 | $8,905 | ## New York vs. neighboring states | State | Effective rate | Median tax | Median home value | | --- | --- | --- | --- | | [New Jersey](/property-tax-calculator/new-jersey) | 1.89% | $9,358 | $496,000 | | [Connecticut](/property-tax-calculator/connecticut) | 1.66% | $6,573 | $396,900 | | New York | 1.45% | $6,542 | $449,800 | | [Vermont](/property-tax-calculator/vermont) | 1.42% | $5,026 | $352,800 | | [Pennsylvania](/property-tax-calculator/pennsylvania) | 1.16% | $3,214 | $277,600 | | [Massachusetts](/property-tax-calculator/massachusetts) | 1.00% | $6,080 | $607,400 | ## What New York homeowners pay - Median yearly property tax: $6,542 (4th highest of 51); $6,877 for homes with a mortgage and $6,038 for homes without one. - Median value of an owner-occupied home: $449,800, so a typical home pays about $545 a month. - 4,252,571 owner-occupied homes in the survey estimate. - Other taxes: see the [New York income tax calculator](/income-tax-calculator/new-york); sales tax averages 8.54% with local taxes ([New York sales tax calculator](/sales-tax-calculator/new-york)). These are statewide medians. Your county, city and school district set the rates on your bill, and exemptions (such as a homestead exemption for your main home, or for seniors and veterans) can lower it. Check with your county assessor and the [New York revenue department](https://www.tax.ny.gov) for the rules that apply to you. Source: [US Census Bureau, American Community Survey](https://www2.census.gov/programs-surveys/acs/summary_file/2024/table-based-SF/data/1YRData/acsdt1y2024-b25103.dat), American Community Survey 2024 1-year estimates (tables B25103 and B25077, owner-occupied homes). See our [methodology](/methodology). ## New York property tax FAQ ### What is the property tax rate in New York? The effective rate is 1.45% of home value: the median tax paid ($6,542) divided by the median home value ($449,800), from the American Community Survey 2024 1-year estimates. Actual rates are set by counties, cities and school districts and vary within the state. ### How much is property tax on a $300,000 house in New York? About $4,363 a year ($364 a month) at the statewide effective rate, before any exemptions you qualify for. ### Does New York have high property taxes? New York has the 5th highest effective property tax rate of the 50 states and DC (rank 5 of 51, 1 = highest) and the 4th highest median bill. ### Can I deduct New York property tax? On your federal return, yes, if you itemize: property tax counts toward the state and local tax (SALT) deduction, capped at $40,400 for 2026 together with your state income or sales tax. More for New York - [New York paycheck calculator](/take-home-pay-calculator/new-york) - [New York income tax calculator](/income-tax-calculator/new-york) - [New York sales tax calculator](/sales-tax-calculator/new-york) - [Property tax in every state](/property-tax-calculator)