Property Taxes in New York
The median New York property tax rate is 2.39%, significantly higher than the national median of 0.99%. The median New York home value is $255,644, meaning the median New York property tax bill is $5,938 a year. Compared to the national median annual property tax bill, which is considerably lower, New York homeowners face a much steeper tax burden. Property taxes in New York are calculated based on the tax assessed value, which typically falls below the actual market value due to property tax exemptions, such as the primary residence or agriculture exemption. Understanding your county's specific property tax system, exploring property tax exemptions, and recognizing opportunities for property tax reductions can lead to significant annual tax savings. Whether you’re in New York City, Buffalo, Rochester, or any other New York locale, familiarizing yourself with the property taxes in your location can benefit homeowners and investors alike.
Last Updated June 14, 2024
New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.39%
Estimate Property Tax Bill
$6,110
$5,670
$1,148
Average Tax Savings
Ownwell’s New York Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in New York with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in New York to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also highlights how Ownwell can help lower property taxes in New York. If you’d like to see trends on a county or city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across New York
Property taxes in New York fund essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New York is 2.39% compared to the national median tax rate of 0.99%. The tax rate is set by local government entities and can vary widely between different areas within New York. Each county estimates its required budget to provide services for the upcoming year and then divides that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, that is the process followed each year. Compare a New York county’s effective property tax rate to other counties in New York or the US median property tax rate below. New York County has the highest property tax rate in New York at 5.41%. Otsego County has the lowest property tax rate in New York at 0.66%.
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across New York
County | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Albany | 1.49% | 2.16% | 2.39% | 2.71% | 3.16% |
Allegany | 3.09% | 3.37% | 3.64% | 4.09% | 4.47% |
Bronx | N/A | N/A | N/A | N/A | N/A |
Broome | 2.64% | 2.96% | 3.50% | 4.42% | 6.41% |
Cattaraugus | 1.18% | 1.29% | 1.53% | 1.77% | 2.37% |
Cayuga | 1.99% | 2.32% | 2.43% | 2.74% | 2.91% |
Chautauqua | 2.04% | 2.42% | 2.90% | 3.47% | 4.59% |
Chemung | 2.48% | 2.68% | 2.93% | 3.96% | 4.99% |
Chenango | 2.66% | 2.89% | 3.08% | 3.34% | 3.87% |
Clinton | 2.27% | 2.40% | 2.57% | 2.75% | 3.25% |
Columbia | 1.43% | 1.50% | 1.71% | 1.94% | 2.10% |
Cortland | 1.52% | 3.03% | 3.26% | 3.67% | 4.42% |
Delaware | 1.67% | 2.04% | 2.34% | 2.77% | 3.48% |
Dutchess | 1.83% | 2.49% | 2.86% | 3.21% | 4.24% |
Erie | 0.41% | 0.41% | 1.96% | 2.74% | 3.28% |
Essex | 1.16% | 1.50% | 1.92% | 2.19% | 2.79% |
Franklin | 1.60% | 1.90% | 2.45% | 2.69% | 3.20% |
Fulton | 1.62% | 1.86% | 2.23% | 2.53% | 2.71% |
Genesee | 2.53% | 2.82% | 3.18% | 3.55% | 3.93% |
Greene | 1.25% | 1.51% | 2.04% | 2.20% | 2.75% |
Hamilton | 0.58% | 0.75% | 0.85% | 0.90% | 1.03% |
Herkimer | N/A | N/A | N/A | N/A | N/A |
Jefferson | 0.69% | 1.62% | 1.81% | 2.06% | 2.44% |
Kings | 0.23% | 0.40% | 0.67% | 0.88% | 3.15% |
Lewis | 1.91% | 2.14% | 2.38% | 2.72% | 2.91% |
Livingston | 2.45% | 2.79% | 2.99% | 3.25% | 3.47% |
Madison | 2.73% | 2.89% | 3.06% | 3.69% | 3.91% |
Monroe | 1.09% | 1.84% | 2.93% | 3.48% | 4.00% |
Montgomery | 1.38% | 1.89% | 2.37% | 2.77% | 3.42% |
Nassau | 1.36% | 1.72% | 2.10% | 2.48% | 2.76% |
New York | 1.13% | 5.02% | 5.41% | 5.58% | 5.63% |
Niagara | 1.50% | 1.80% | 2.34% | 2.63% | 2.86% |
Oneida | 0.77% | 1.59% | 2.27% | 2.79% | 3.02% |
Onondaga | 1.25% | 2.42% | 3.38% | 3.77% | 4.11% |
Ontario | 2.01% | 2.37% | 2.60% | 2.88% | 3.44% |
Orange | 2.37% | 2.53% | 2.78% | 3.08% | 3.34% |
Orleans | 2.72% | 2.92% | 3.38% | 4.26% | 4.69% |
Oswego | 2.42% | 2.65% | 2.93% | 3.38% | 4.08% |
Otsego | 0.36% | 0.53% | 0.66% | 0.80% | 0.84% |
Putnam | 2.42% | 3.01% | 3.27% | 3.42% | 3.74% |
Queens | N/A | N/A | N/A | N/A | N/A |
Rensselaer | 2.03% | 2.33% | 2.60% | 2.91% | 3.08% |
Richmond | 0.62% | 0.75% | 0.85% | 0.95% | 1.04% |
Rockland | N/A | N/A | N/A | N/A | N/A |
St. Lawrence | 2.36% | 2.68% | 3.02% | 3.54% | 4.51% |
Saratoga | 0.48% | 1.26% | 1.62% | 1.88% | 2.03% |
Schenectady | 2.50% | 2.89% | 3.48% | 3.92% | 4.32% |
Schoharie | 2.24% | 2.66% | 2.84% | 3.01% | 3.15% |
Schuyler | 1.80% | 1.91% | 2.27% | 2.74% | 3.10% |
Seneca | 1.92% | 2.07% | 2.53% | 3.46% | 3.75% |
Steuben | 2.10% | 2.49% | 2.84% | 3.24% | 3.52% |
Suffolk | N/A | N/A | N/A | N/A | N/A |
Sullivan | 1.02% | 1.23% | 1.60% | 2.22% | 2.69% |
Tioga | 2.19% | 2.46% | 3.13% | 3.44% | 3.69% |
Tompkins | 2.08% | 2.56% | 2.79% | 3.12% | 3.49% |
Ulster | 1.60% | 2.15% | 2.67% | 2.93% | 3.61% |
Warren | 1.06% | 1.23% | 1.79% | 2.12% | 2.83% |
Washington | 1.88% | 2.11% | 2.41% | 2.80% | 3.23% |
Wayne | 2.53% | 2.77% | 3.01% | 3.30% | 3.68% |
Westchester | 0.34% | 1.46% | 2.29% | 2.80% | 3.15% |
Wyoming | 2.29% | 2.56% | 2.98% | 3.67% | 4.35% |
Yates | 1.66% | 1.72% | 1.79% | 2.61% | 2.95% |
Source: Ownwell
$1,148
Average New York Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across New York
When examining property taxes in New York, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by factors such as location, property condition, and economic market trends. Market value is estimated by each New York county assessor for tax purposes. The assessed value is then the market value minus any applicable exemptions or limits determined by local laws and offerings. The assessed value is the figure used to calculate your property taxes, or the amount multiplied by your tax rate to get your tax bill. Assessment notices in New York are sent in the spring each year. They should reach your mailbox typically by the end of April. Each property owner receives an assessment notice that contains both the market value and assessed value along with an estimate of your property tax bill. By providing insights into how assessed values and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in New York. New York County has the highest median tax bill at $16,162, while Otsego County has the lowest at $1,051.
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New York
County | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Albany | $118,386 | $162,105 | $213,453 | $286,813 | $403,587 |
Allegany | $25,800 | $45,300 | $72,000 | $108,700 | $162,301 |
Bronx | N/A | N/A | N/A | N/A | N/A |
Broome | $62,500 | $85,873 | $113,808 | $157,895 | $227,600 |
Cattaraugus | $34,117 | $57,647 | $88,597 | $143,333 | $222,222 |
Cayuga | $62,500 | $93,200 | $136,353 | $200,638 | $311,915 |
Chautauqua | $32,955 | $57,156 | $91,916 | $148,293 | $236,201 |
Chemung | $50,000 | $68,571 | $104,684 | $161,429 | $232,660 |
Chenango | $34,043 | $59,286 | $92,500 | $135,659 | $190,123 |
Clinton | $50,000 | $97,700 | $146,700 | $207,000 | $280,000 |
Columbia | $143,750 | $202,557 | $284,810 | $417,389 | $654,950 |
Cortland | $58,197 | $88,048 | $117,179 | $164,268 | $235,629 |
Delaware | $43,000 | $77,500 | $129,271 | $193,906 | $292,460 |
Dutchess | $186,210 | $253,000 | $321,800 | $417,200 | $562,800 |
Erie | $67,900 | $133,300 | $186,335 | $265,263 | $375,700 |
Essex | $16,596 | $75,300 | $151,489 | $277,500 | $479,276 |
Franklin | $31,250 | $58,493 | $100,730 | $168,471 | $288,359 |
Fulton | $49,443 | $72,360 | $117,346 | $184,486 | $281,154 |
Genesee | $68,243 | $99,000 | $137,000 | $185,900 | $254,044 |
Greene | $97,653 | $152,070 | $210,370 | $301,805 | $432,432 |
Hamilton | $56,000 | $97,600 | $177,800 | $337,200 | $530,000 |
Herkimer | N/A | N/A | N/A | N/A | N/A |
Jefferson | $50,817 | $88,750 | $134,468 | $202,381 | $297,778 |
Kings | $130,537 | $618,167 | $1,094,000 | $1,963,000 | $5,644,400 |
Lewis | $31,776 | $58,075 | $102,300 | $152,300 | $222,100 |
Livingston | $68,640 | $107,100 | $161,700 | $228,800 | $327,400 |
Madison | $58,603 | $91,495 | $136,471 | $204,940 | $294,505 |
Monroe | $66,304 | $118,000 | $167,400 | $234,400 | $331,100 |
Montgomery | $47,869 | $74,700 | $107,500 | $155,190 | $219,571 |
Nassau | $395,000 | $456,000 | $537,000 | $688,000 | $987,000 |
New York | $150,253 | $321,617 | $5,233,000 | $33,866,000 | $78,918,000 |
Niagara | $66,800 | $104,800 | $156,739 | $225,818 | $310,700 |
Oneida | $62,500 | $91,905 | $126,923 | $175,294 | $250,000 |
Onondaga | $76,812 | $108,696 | $152,577 | $216,500 | $310,000 |
Ontario | $82,584 | $123,700 | $176,100 | $282,326 | $414,000 |
Orange | $132,500 | $193,500 | $278,100 | $379,800 | $508,800 |
Orleans | $47,900 | $77,000 | $108,800 | $154,475 | $214,730 |
Oswego | $43,478 | $70,954 | $108,696 | $159,000 | $215,625 |
Otsego | $48,000 | $86,957 | $130,728 | $190,217 | $282,062 |
Putnam | $199,094 | $280,265 | $378,400 | $486,325 | $639,610 |
Queens | N/A | N/A | N/A | N/A | N/A |
Rensselaer | $97,727 | $141,159 | $193,797 | $262,879 | $354,674 |
Richmond | $450,000 | $577,000 | $698,000 | $856,000 | $1,060,000 |
Rockland | N/A | N/A | N/A | N/A | N/A |
St. Lawrence | $32,547 | $53,488 | $83,455 | $131,579 | $197,492 |
Saratoga | $143,791 | $202,174 | $282,609 | $389,000 | $521,739 |
Schenectady | $97,927 | $136,098 | $185,500 | $252,800 | $333,700 |
Schoharie | $48,152 | $86,207 | $130,625 | $185,469 | $252,222 |
Schuyler | $54,000 | $96,000 | $150,000 | $219,000 | $317,000 |
Seneca | $60,460 | $89,091 | $129,610 | $211,765 | $361,183 |
Steuben | $40,816 | $67,778 | $102,326 | $159,141 | $253,007 |
Suffolk | N/A | N/A | N/A | N/A | N/A |
Sullivan | $64,993 | $105,164 | $159,121 | $249,001 | $360,000 |
Tioga | $47,745 | $81,967 | $119,000 | $166,774 | $228,737 |
Tompkins | $98,000 | $155,000 | $225,000 | $315,000 | $430,000 |
Ulster | $126,316 | $192,182 | $268,649 | $370,714 | $510,417 |
Warren | $92,000 | $150,250 | $215,800 | $327,100 | $517,787 |
Washington | $67,937 | $110,400 | $158,585 | $221,185 | $319,308 |
Wayne | $63,622 | $100,000 | $152,100 | $208,198 | $278,400 |
Westchester | $210,100 | $405,100 | $589,473 | $845,966 | $1,335,460 |
Wyoming | $52,000 | $82,000 | $124,000 | $184,375 | $275,368 |
Yates | $66,700 | $104,575 | $166,700 | $338,625 | $625,000 |
Source: Ownwell
$1,148
Average New York Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across New York
In New York, property tax bills are calculated based on the assessed value of your home and the local tax rates set by various taxing authorities. The assessed value is determined by the local assessor and is a percentage of the market value of your property. Factors such as location, property size, and improvements can influence the assessed value. Homeowners in New York face varying tax bills, with the 25th percentile at $3,290 and the 90th percentile reaching up to $14,828. New York County has the highest median tax bill at $16,162, while Otsego County has the lowest at $1,051. These tax bills can significantly impact homeowners, especially when they are higher than the national median property tax rate of 0.99%. Ownwell can help homeowners save on their property tax bills by providing expert property tax appeal and exemption services. By analyzing your property's assessed value and comparing it with market trends, Ownwell can identify opportunities to lower your tax bill, ensuring you only pay what is fair.
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across New York
County | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Albany | $2,004 | $3,576 | $4,990 | $7,011 | $9,894 |
Allegany | $947 | $1,675 | $2,710 | $4,035 | $5,910 |
Bronx | N/A | N/A | N/A | N/A | N/A |
Broome | $2,143 | $3,227 | $4,421 | $5,975 | $8,241 |
Cattaraugus | $506 | $903 | $1,508 | $2,384 | $3,507 |
Cayuga | $1,429 | $2,232 | $3,328 | $4,912 | $7,532 |
Chautauqua | $1,026 | $1,747 | $2,807 | $4,224 | $6,381 |
Chemung | $1,797 | $2,556 | $3,435 | $4,577 | $6,350 |
Chenango | $996 | $1,808 | $2,965 | $4,340 | $5,998 |
Clinton | $1,186 | $2,383 | $3,822 | $5,560 | $7,543 |
Columbia | $2,320 | $3,467 | $4,915 | $7,125 | $10,892 |
Cortland | $1,212 | $2,513 | $3,928 | $5,410 | $7,540 |
Delaware | $1,136 | $1,986 | $3,106 | $4,439 | $6,172 |
Dutchess | $4,279 | $6,567 | $9,388 | $12,708 | $17,676 |
Erie | $192 | $379 | $2,315 | $5,908 | $7,680 |
Essex | $224 | $1,482 | $2,966 | $5,205 | $8,482 |
Franklin | $734 | $1,407 | $2,460 | $3,870 | $6,001 |
Fulton | $894 | $1,562 | $2,522 | $3,948 | $6,002 |
Genesee | $2,065 | $3,185 | $4,359 | $5,854 | $7,651 |
Greene | $1,782 | $2,907 | $4,183 | $5,865 | $8,035 |
Hamilton | $455 | $809 | $1,483 | $2,722 | $4,298 |
Herkimer | N/A | N/A | N/A | N/A | N/A |
Jefferson | $592 | $1,137 | $2,407 | $3,782 | $5,556 |
Kings | $2,587 | $4,676 | $6,747 | $9,153 | $12,568 |
Lewis | $729 | $1,354 | $2,429 | $3,610 | $5,091 |
Livingston | $2,135 | $3,359 | $4,819 | $6,685 | $9,270 |
Madison | $1,828 | $3,031 | $4,460 | $6,528 | $9,174 |
Monroe | $837 | $2,361 | $5,200 | $7,307 | $10,297 |
Montgomery | $907 | $1,584 | $2,451 | $3,741 | $5,395 |
Nassau | $6,819 | $9,127 | $11,613 | $14,810 | $19,714 |
New York | $5,884 | $10,304 | $16,162 | $27,742 | $46,006 |
Niagara | $1,021 | $1,982 | $3,626 | $5,518 | $7,746 |
Oneida | $794 | $1,442 | $2,574 | $4,219 | $6,233 |
Onondaga | $1,173 | $2,671 | $5,213 | $7,311 | $10,114 |
Ontario | $2,106 | $3,313 | $4,698 | $7,249 | $10,533 |
Orange | $3,661 | $5,366 | $7,888 | $10,751 | $14,072 |
Orleans | $1,773 | $2,826 | $3,855 | $5,093 | $6,669 |
Oswego | $1,238 | $2,063 | $3,405 | $4,891 | $6,545 |
Otsego | $471 | $710 | $1,051 | $1,495 | $2,064 |
Putnam | $5,151 | $8,818 | $11,749 | $14,878 | $19,068 |
Queens | N/A | N/A | N/A | N/A | N/A |
Rensselaer | $2,220 | $3,459 | $5,040 | $6,944 | $9,464 |
Richmond | $3,218 | $4,428 | $5,884 | $7,441 | $9,362 |
Rockland | N/A | N/A | N/A | N/A | N/A |
St. Lawrence | $953 | $1,657 | $2,611 | $4,065 | $6,046 |
Saratoga | $1,118 | $2,376 | $4,340 | $6,310 | $8,859 |
Schenectady | $3,474 | $4,640 | $5,926 | $8,018 | $11,186 |
Schoharie | $1,253 | $2,268 | $3,729 | $5,344 | $7,179 |
Schuyler | $1,185 | $2,213 | $3,536 | $5,118 | $7,037 |
Seneca | $1,480 | $2,462 | $3,564 | $5,430 | $8,129 |
Steuben | $1,074 | $1,817 | $2,992 | $4,571 | $6,959 |
Suffolk | N/A | N/A | N/A | N/A | N/A |
Sullivan | $890 | $1,620 | $2,467 | $3,625 | $5,506 |
Tioga | $1,225 | $2,227 | $3,510 | $5,179 | $7,268 |
Tompkins | $2,124 | $3,980 | $6,186 | $9,203 | $12,645 |
Ulster | $2,931 | $4,764 | $6,879 | $9,432 | $12,533 |
Warren | $1,448 | $2,567 | $4,027 | $5,717 | $8,038 |
Washington | $1,609 | $2,721 | $3,943 | $5,346 | $7,366 |
Wayne | $1,977 | $3,131 | $4,668 | $6,425 | $8,361 |
Westchester | $1,662 | $4,254 | $12,812 | $20,083 | $30,550 |
Wyoming | $1,475 | $2,722 | $3,932 | $5,456 | $7,582 |
Yates | $1,380 | $2,400 | $3,654 | $6,286 | $10,727 |
Source: Ownwell
$1,148
Average New York Tax Savings
Save on your property taxes & more with Ownwell.
Want to lower your New York property taxes?
Looking to reduce your New York property taxes? Ownwell is the leading property tax appeal company in New York. Ownwell specializes in helping New York property owners lower their taxes and works with county tax assessors across the state every year. Through our tax monitoring service, we will collect everything from you to maximize your tax reductions. We navigate the complexities of New York property tax appeals and all available New York property tax exemptions, so you don’t have to. Whether you're a homeowner, a real estate investor, or an asset manager, our local New York team at Ownwell has the expertise to assess your current property tax situation and identify strategic opportunities to reduce property taxes. By handling the appeal process from start to finish, we not only simplify the procedure but also enhance your chances of securing a favorable outcome. Let Ownwell be your partner in lowering your New York property tax expenses through our proven strategies and professional advocacy.
Property Tax Grievances in New York
Navigating the property tax protest process in New York can be a daunting task for homeowners, but understanding the steps involved can make it more manageable. Homeowners who believe their property tax assessment is too high have the right to appeal. The process typically begins with a review of the assessment notice, followed by gathering evidence such as recent sales data of comparable properties, documentation of any discrepancies, or proof of property damage that might lower the property's market value. The formal appeal is submitted to the local Board of Assessment Review, which is responsible for hearing and deciding on these protests. During the hearing, homeowners present their evidence and arguments. The board will then review the submitted documentation, and may request an inspection of the property, before making a decision. Potential outcomes of an appeal include a reduction, no change, or, in rare cases, an increase in the assessed value. If the homeowner is dissatisfied with the board's decision, they may further appeal to the state Supreme Court or an independent hearing officer. Ownwell can significantly ease this process by providing expert guidance and support. Our team of property tax consultants will help you compile compelling evidence, prepare your case, and represent you during the hearing. By leveraging our expertise, homeowners can increase their chances of achieving a favorable outcome, potentially saving thousands of dollars in property taxes. With Ownwell's assistance, the complex and often intimidating process of appealing a property tax assessment becomes much more straightforward and less stressful.
Exemptions in New York
New York offers several property tax exemption programs designed to provide financial relief to eligible homeowners. One of the most prominent is the School Tax Relief (STAR) program, which offers two types of exemptions: Basic STAR and Enhanced STAR. Basic STAR is available to homeowners whose primary residence has an income below a certain threshold, while Enhanced STAR is for senior citizens aged 65 and older with a qualifying income. Another significant exemption is the Senior Citizens Homeowners’ Exemption (SCHE), which benefits seniors aged 65 and older with limited income, providing a reduction in their assessed property value. Additionally, the Disability Homeowners’ Exemption (DHE) offers relief to homeowners with disabilities who meet specific income requirements. Veterans may also benefit from the Alternative Veterans Exemption, which reduces the assessed value of a primary residence for those who served during wartime. Lastly, the Home Improvement Exemption encourages homeowners to make property improvements by temporarily exempting the increased value resulting from such enhancements. To apply for these exemptions, homeowners need to submit the appropriate forms and documentation to their local assessor's office by the designated deadlines. Ownwell can assist homeowners in navigating these complex processes, ensuring they maximize their eligible exemptions and reduce their property tax burden effectively. Our expertise simplifies the application process, helping you take full advantage of New York's property tax relief programs.
Available Exemptions
Senior
Disabled
Home Stead
Veteran
Solar/Wind
Non-Profit
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