2026 federal, state and local taxes
Estimate your 2026 New York property tax. At the state's 1.60% average rate, a $460,000 home pays about $7,360 a year.
| Home Value | NY Effective Rate | Annual Property Tax | Monthly Escrow | At the U.S. Average (0.90%) |
|---|---|---|---|---|
| $250,000 | 1.60% | $4,000 | $333 | $2,250 |
| $350,000 | 1.60% | $5,600 | $467 | $3,150 |
| $500,000 | 1.60% | $8,000 | $667 | $4,500 |
| $650,000 | 1.60% | $10,400 | $867 | $5,850 |
| $800,000 | 1.60% | $12,800 | $1,067 | $7,200 |
| $1,000,000 | 1.60% | $16,000 | $1,333 | $9,000 |
| State | Average Rate | Typical Home | Bill on Typical Home | Bill on $350,000 |
|---|---|---|---|---|
| New Jersey | 2.23% | $515,000 | $11,485 | $7,805 |
| Connecticut | 1.96% | $405,000 | $7,938 | $6,860 |
| Vermont | 1.71% | $380,000 | $6,498 | $5,985 |
| New York | 1.60% | $460,000 | $7,360 | $5,600 |
| Pennsylvania | 1.35% | $270,000 | $3,645 | $4,725 |
| Massachusetts | 1.12% | $615,000 | $6,888 | $3,920 |
Statewide average effective rates; local rates vary a lot within each state.
Pick a state to see its 2026 tax rules and results for common salaries or home values.
New York's average effective property tax rate is 1.60% of a home's value each year, the 2nd highest of 51 (50 states and D.C.). On the state's typical home, worth about $460,000, that comes to roughly $7,360 a year, or $613 a month in escrow.
Because home prices differ so much, the yearly bill ranks differently from the rate: New York's bill on a typical home is the 4th largest of 51 (50 states and D.C.). On a $350,000 home it would be about $5,600.
Of New York's neighbors, Massachusetts (1.12%) and Pennsylvania (1.35%) have a lower average rate; the table below lists them all.
These are New York averages; your county, city and school district set the actual bill.
About $4,800 a year ($400 a month) at New York's 1.60% average rate. A $500,000 house would pay about $8,000.
Yes. New York's average rate of 1.60% is the 2nd highest of 51 (50 states and D.C.).
New York's state rate is 4.00% and local add-ons average 4.54%, for a combined average of 8.54%, the 10th highest of 51 (50 states and D.C.).