Property Tax in New York County, New York
Homeowners in New York County, New York pay a median of $10,001 a year in real estate taxes, on a median home value of $1,108,900. Those are the Census Bureau's published medians for the county (US Census Bureau, American Community Survey (ACS) 5-year estimates, 2023) — the typical bill and the typical home value for owner-occupied households.
What the New York County numbers mean
The median is the midpoint of the county's actual bills: half of New York County homeowners pay more than $10,001 a year and half pay less. The exact bill for any one home depends on its assessed value, exemptions, and which school, municipal and special districts cover it.
Set against the median home value of $1,108,900, the median bill works out to a derived effective rate of 0.90%. That rate is an estimate computed from the two medians — no county publishes a rate calculated this way — but it adjusts for home prices, which makes comparisons between counties more meaningful.
New York County by the numbers
| Measure | New York County | New York | United States |
|---|---|---|---|
| Median real estate taxes paid | $10,001 | $6,450 | $2,969 |
| Median home value | $1,108,900 | $403,000 | $303,400 |
| Derived effective rate* | 0.90% | 1.60% | 0.98% |
| Median tax per month | $833 | $538 | $247 |
*Estimate derived from Census medians (tax ÷ value), not an official rate.
New York County at a glance
- Median tax rank in New York: #1 of 62 counties
- Median home value rank in New York: #1 of 62
- Population rank in New York: #3 of 62 (1,627,788 residents)
- Population density rank: #1 of 62 (71,842 people per square mile)
- Land area rank in New York: #62 of 62 (22 sq mi, 0.0% of the combined county land area)
- Median tax as a monthly figure: $833; per $1,000 of home value: $0.90
How New York County compares
Of the 62 New York counties with published data, 0 have a higher median property tax bill than New York County's $10,001, putting the county at #1 in the state. Its bill is about 55% higher than the state median of $6,450 and about 237% higher than the national median of $2,969.
Rates and values pull in opposite directions: an expensive housing market can produce big bills at ordinary rates. Here the derived rate is 0.90%, versus 0.98% derived nationally, and the median home value ranks #1 within New York.
Some extra context for New York County: the median bill works out to about $833 a month, and the derived rate equals roughly $902 of tax per $100,000 of home value. The county is home to 1,627,788 people — the #3 most populous county in New York, spread over 22 square miles, a density of about 71,842 people per square mile. Its median home value, $1,108,900, ranks #1 among the state's 62 counties with data.
Zooming out: of 3133 counties nationwide with published Census figures, only 10 record a higher median tax bill than New York County — it sits in the top 1% nationally. The county holds roughly 8.2% of New York's people. Its homes are worth more than the state norm (median $1,108,900 versus $403,000), and a decade at the derived rate of 0.90% adds up to about 9.02% of the median home's value in tax. The cheapest county in the state, Hamilton County, medians $2,369 — $7,632 less than New York County per year.
Counties nearest New York County in the New York ranking
| County | Median tax paid | Median home value | Derived rate* |
|---|---|---|---|
| Nassau County, NY | $10,001 | $658,700 | 1.52% |
| Putnam County, NY | $10,001 | $448,000 | 2.23% |
| Rockland County, NY | $10,001 | $564,200 | 1.77% |
How the tax is worked out
As an illustration of the arithmetic: at New York County's derived rate of 0.90%, a home valued at $400,000 would carry a tax bill of roughly $3,608 a year. That is only an illustration using the derived rate — a real bill is computed from the property's assessed value, its exemptions, and the combined rates of its specific taxing districts, so it can be higher or lower.
The usual sequence is: the local assessor values the property; exemptions are applied; the taxable value is multiplied by the combined local rates; and the county bills and collects the tax, distributing it to the schools, municipalities and districts that levied it.
Checking your assessment in New York County
If your bill looks wrong, work through these steps:
1. Get your property record card from the assessor and check the basics — living area, lot size, bedrooms, condition, and any exemptions you should have.
2. Compare your assessed value with recent sale prices of similar homes in New York County.
3. Talk to the assessor's office informally first; clear errors are often fixed without a hearing.
4. If needed, file a formal appeal with the local review board before the deadline on your assessment notice, with your evidence attached.
5. Keep paying the bill as issued while the appeal runs, unless your notice says otherwise — unpaid taxes accrue penalties regardless of an appeal.
More New York counties
Frequently asked questions
What is the median property tax in New York County, New York?
The median real estate tax paid in New York County, New York is $10,001 per year, on a median home value of $1,108,900 (US Census Bureau, American Community Survey (ACS) 5-year estimates, 2023).
What is the effective property tax rate in New York County, New York?
On a derived basis, 0.90%: the county's median tax bill of $10,001 divided by its median home value of $1,108,900. Because it is calculated from two survey medians, read it as a comparison estimate rather than an official rate.
How does New York County compare with the rest of New York?
By median taxes paid, New York County stands at #1 among the 62 New York counties the Census publishes figures for. Its $10,001 median bill is about 55% higher than the state median ($6,450), and 0 counties in the state record a higher median.
How are property taxes calculated in New York County, New York?
Three steps produce the bill: an assessment of market value by the local assessor, a reduction for exemptions you qualify for (a homestead exemption is the common one), and multiplication by the combined rates of the county, municipality, school district and any special districts covering the property. The median result in New York County is $10,001 of tax on a $1,108,900 median home value.
Can I appeal my property tax assessment in New York County, New York?
You can. Pull your property record card from the New York County assessor, verify its details, and compare the assessed value against similar homes that sold recently. If the value still seems too high, submit a formal appeal to the board named on your notice before the stated deadline — usually a 30-to-90-day window.