Late Payments

All Property Tax Bills have a payment due date. If your payment is not received or postmarked by the payment due date, (or if applicable, the grace period due date), your payment is considered late.

The New York City Council recently passed legislation that reduces the late payment interest rate for property taxes due on July 1, 2020, for eligible property owners who have been impacted by COVID-19.

We are required to charge interest on the amount of your tax that is late. Interest compounds daily, so the later you make your payment, the more interest you will owe.

As a property owner, it is your responsibility to pay your taxes on time, even if you don’t receive a property tax bill. The law requires us to charge you interest on late payments no matter the reason. Make sure we have your correct address on file so that you receive all your notices and bills. You can update your address here.

Making a Partial Payment
If you cannot pay online, and you mail us a partial payment, you must include your bill coupon. If you cannot send us your coupon, be sure to write the property's Borough, Block, and Lot (BBL) on the front of your check.

You can also print out your property tax bill with coupon from our website.

Interest Rates for Late Payments of Property Tax
Interest rates are set annually by local law. The interest rate for a late payment depends on the assessed value of the property.

  • For property taxes and most other charges: 

Annual Interest Rate

Assessed Value of Property

Effective Dates

Less than $250,000
Through June 30, 2020
Less than $250,000
July 1, 2020 through September 30, 2020
Less than $250,000
October 1, 2020 through June 30, 2021
Greater than $250,000
Through June 30, 2021
  • For sidewalk-repair charges, the annual interest rate is 8.5%