New York City property tax calculator 2026
This New York City property tax calculator estimates annual property tax using taxable assessed value and a property tax rate you provide for the relevant tax class. In NYC, property tax is calculated as taxable value multiplied by the applicable class tax rate. Results shown here are estimates and your actual tax bill may differ.
Estimates only. Loan terms and approval depend on lender underwriting.
Many U.S. counties use multiple local taxing authorities (county, city, school district, special districts). Enter your combined local millage rate as shown on your annual property tax notice.
Estimated property tax
Enter the assessed value to see the estimated annual property tax.
How it works
Enter the property’s taxable assessed value, which is generally the assessed value minus any exemptions. Provide the applicable NYC property tax rate for the property’s tax class. The estimated annual property tax is calculated by multiplying taxable value by the class-specific tax rate you enter.
Examples
If a property has a taxable value of 80,000 and the applicable class tax rate is 0.010, the estimated annual property tax is 800. If the rate is 0.0125, the estimated annual property tax is 1,000. Use the correct tax rate for the property’s class to produce a more accurate estimate.
Limitations and important notes
New York City uses a class-based property tax system with assessment rules, caps, exemptions, and abatements that can vary by parcel. This tool does not determine property class, apply assessment caps, or calculate eligibility-based exemptions and abatements. Because of these parcel-specific factors, the actual tax bill may differ from the estimate shown here.
FAQs
Is this the official NYC property tax bill amount?
No. This calculator provides an estimated property tax based on taxable value and a class-specific tax rate you enter. Actual tax bills may differ.
Should I enter market value or assessed value?
Enter taxable assessed value. In NYC, property tax is based on assessed value, adjusted for exemptions, not raw market value.
Why do I need to enter a tax rate?
NYC property tax rates differ by tax class. This tool requires you to enter the applicable class tax rate to estimate annual property tax.
Does this calculator apply NYC exemptions or abatements?
No. Exemptions and abatements are eligibility-based and parcel-specific. They are not applied automatically in this estimate.
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Calculations are simplified and for guidance only. Always double-check results and current rules with official sources or a qualified professional before making financial decisions.