Property tax in New York
The effective rate is about 1.30% of the home's value a year (Tax Foundation, 2024). On a $400,000 home that is about $5,200 a year (our calculation). Rates vary a lot by county and town.
Property tax
1.30%
of home value a year
Tax on a $400,000 home
$5,200
A month
$433
Rank
41 of 51
1 = lowest
| State | Property tax | Rank |
|---|---|---|
| Kansas | 1.21% | 39 |
| Pennsylvania | 1.26% | 40 |
| New York | 1.30% | 41 |
| Wisconsin | 1.32% | 42 |
| Iowa | 1.33% | 43 |
Common questions
What is the property tax rate in New York?
The effective rate is about 1.30% of the home's value a year (Tax Foundation, 2024). On a $400,000 home that is about $5,200 a year (our calculation). Rates vary a lot by county and town.
Does New York have high property taxes?
New York ranks 41 of 51 (1 = lowest effective rate), based on Tax Foundation's 2024 figures.
See the full monthly cost of a home with the mortgage calculator.
More for New York: monthly budget · take-home pay · rent.