Extra Time for Quarterly Payers
NYC's Property Tax (Fiscal) Year is July 1 to June 30
. Finance mails property tax bills four times a year. You either pay your property taxes two or four times a year, depending on the property's assessed value.
Bills are generally mailed and posted on our website about a month before your taxes are due.
If your property's assessed value is:
|less than $250,000 |
Bills are mailed quarterly (4 times a year)
|more than $250,000
Bills are mailed semi-annually (2 times a year)
|Quarterly Payment Due Dates
||Quarterly Payment Grace Periods
||Semi-Annual Payment Due Dates
If your payment due date falls on a weekend or a federal holiday, your payment is due the next business day.
If you pay your property taxes quarterly, you are entitled to pay interest-free if you pay by the 15th (July 15, October 15, January 15 or April 15). This is called a "grace period". If the last day of the grace period falls on a weekend or a federal holiday, the payment is due the next business day.
If payment is made after the grace period, interest will be charged from the original due date (July 1, October 1, January 1 or April 1).
If your payment is mailed, we consider your payment date to be the postmark date on your envelope.Discounts for Early Payment
If you pay all remaining property taxes, the property tax portion of the "Everything You Owe..." amount on your Property Tax Bill, you receive a discount in your yearly taxes. Below is the discount you will receive for paying early:
- 0.5% on the full amount of your yearly property tax if you pay the full yearís worth of tax shown on your bill by the July due date (or grace period due date).
- 0.25% discount on the last three quarters if you wait until October to pay the entire amount due for the year.
- 0.125% discount on the last six months of your taxes when you pay the remaining balance by the January due date.
If you pay semi-annually you will receive the 0.5% discount if the entire property tax amount you owed for the tax year is paid by July 1.
Late Payment Interest Charges