New York Property Tax Calculator
Estimate your annual property taxes in New York. Calculate assessed value and apply New York average millage rates.
Why calculating finance in New York is different
New York has one of the highest tax burdens in the U.S.
State Income Tax
4% - 10.9%
Base Sales Tax
4%
State Min Wage
$16.00 / hr
Abbreviation
NY
New York Finance Interactive Tool
This calculator uses the latest 2026 data for New York, including the minimum wage of $16.00 and the specific state income tax rates (4% - 10.9%).
Frequently Asked Questions about New York Finance
How are property taxes assessed in New York?
Property taxes in New York are generally assessed at the local county or municipal level based on the fair market value of the property, multiplied by the local millage or tax rate.
Are there property tax exemptions in New York?
Yes, New York often provides homestead exemptions for primary residences, as well as specific exemptions for seniors, veterans, and individuals with disabilities, which can significantly lower your tax bill.