Property tax estimate

New York Property Tax Calculator

Estimate annual and monthly property taxes in New Yorkusing the state's average effective property tax rate of 1.40%. Enter a home value below to see an instant estimate — free and with no sign-up.

Last updated 2026-05-31

Average property tax rate: 1.40%.

Home value

New York tax bills vary sharply between New York City, the suburbs, and upstate markets, where effective rates can be much higher.

Annual estimate

$7,000

Monthly estimate

$583

How to calculate property taxes in New York

To estimate property taxes in New York, multiply the home value by the local property tax rate. This page applies the state average effective rate of 1.40%, so a property valued at $500,000 would have an estimated annual property tax of $7,000.

New York tax bills vary sharply between New York City, the suburbs, and upstate markets, where effective rates can be much higher.

Actual tax bills can include county, city, school district, exemption, and assessment rules, so investors should verify the final number with the local assessor before closing.

Comparing returns across markets? Use the cap rate calculator and cash-on-cash return calculator, which let you include property taxes as an operating expense.

New York property tax FAQ

What is the average property tax rate in New York?

The average effective property tax rate in New York is about 1.40%, which is above the U.S. average of roughly 1.07%. Effective rate means annual tax divided by market value; your local rate may differ by county and city.

How much is property tax on a $400,000 home in New York?

Using New York's average effective rate of 1.40%, a $400,000 home owes about $5,600 per year in property tax, or roughly $467 per month. Actual bills vary with local rates and exemptions.

How do I calculate property tax in New York?

Multiply your home's value by the local property tax rate. This calculator applies New York's average effective rate of 1.40%, but you should confirm the exact county, city, and school district rates and any available exemptions with your local assessor.

This estimate uses New York's average effective property tax rate and is for educational purposes only — not tax advice. Confirm your exact rate and exemptions with your county assessor.