New York County, New York property tax
The median homeowner in New York County, New York pays $10,001 a year in property tax on a home worth $1,108,900, an effective rate of 0.90%. The national effective rate is 0.98%.
What the rate means here
New York County taxes property at 0.90%, within a rounding error of the national 0.98%. That makes the $10,001 median bill mostly a statement about local house prices rather than about local tax policy.
Inside New York it is among the lightest, ranking #60 of 62, against a statewide 1.60%. Orleans County, in the same state, charges 3.00%. Comparing states on property tax hides differences like that, which is why this site publishes counties.
The median home costs 10.61 times the median household income of $104,553, against 3.86 nationally, so housing absorbs an unusually large share of what people here earn. Renters pay 24.47% of median income in gross rent. With 1,627,788 residents this is one of the larger counties in the country, so the medians here average across a genuinely varied housing market and hide a lot of local range.
The rate is derived rather than quoted. How and why.
What that costs at different home values
Arithmetic at the county effective rate, before any exemption or assessment cap.
Housing and income
| New York County | New York | United States | |
|---|---|---|---|
| Effective property tax | 0.90% | 1.60% | 0.98% |
| Median tax bill | $10,001 | $6,450 | $2,969 |
| Median home value | $1,108,900 | $403,000 | $303,400 |
| Median gross rent | $2,132 | $1,576 | $1,348 |
| Median household income | $104,553 | $84,578 | $78,538 |
| Home price to income | 10.61× | 4.76× | 3.86× |
| Rent as share of income | 24.47% | 22.36% | 20.6% |
| Owner-occupied | 24.72% | 54.31% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 1,627,788.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Suffolk County | 1.85% | $10,001 | $539,500 |
| Bronx County | 1.03% | $5,310 | $517,000 |
| Nassau County | 1.52% | $10,001 | $658,700 |
| Westchester County | 1.57% | $10,001 | $638,400 |
| Erie County | 2.08% | $4,525 | $217,400 |
New York County property tax: common questions
What is the property tax rate in New York County, New York?
The effective rate is 0.90% of home value, from a median tax bill of $10,001 against a median home value of $1,108,900. That is 0.08 points below the national 0.98%.
How much is property tax on a $400,000 home in New York County?
Roughly $3,600 a year at the county effective rate of 0.90%.
Is New York County expensive compared with the rest of New York?
It ranks #60 of 62 New York counties by effective property tax rate, and #1241 of 2,826 nationally. That is 0.7 points below the New York average of 1.60%.
What does housing cost in New York County?
The median home is worth $1,108,900 and median gross rent is $2,132 a month. Median household income is $104,553, which puts the home at 10.61 times annual income and rent at 24.47% of it.