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Property Tax Rates

Your property tax rate is based on your tax class. There are four tax classes. The tax rates are listed below. Learn how to Calculate Your Annual Property Tax.

 

Property Tax Rates for Tax Year 2021

  • Class 1 - 21.045%
      
  • Class 2 - 12.267%
      
  • Class 3 - 12.826%
       
  • Class 4 - 10.694%

 

Property Tax Rates for Tax Year 2020

  • Class 1 - 21.167%
      
  • Class 2 - 12.473%
      
  • Class 3 - 12.536%
       
  • Class 4 - 10.537%

Archived Property Tax Rates 2002/2003 to 2019/2020

YEAR CLASS 1 CLASS 2 CLASS 3 CLASS 4
19/20 21.167% 12.473% 12.536% 10.537%
18/19 20.919% 12.612% 12.093% 10.514%
17/18 20.385% 12.719% 11.891% 10.514%
16/17 19.991% 12.892% 10.934% 10.574%
15/16 19.554% 12.883% 10.813% 10.656%
14/15 19.157% 12.855% 11.125% 10.684%
13/14 19.191% 13.145% 11.902% 10.323%
12/13 18.569% 13.181% 12.477% 10.288%
11/12 18.205% 13.433% 12.473% 10.152%
10/11 17.364% 13.353% 12.631% 10.312%
09/10 17.088% 13.241% 12.743% 10.426%
Average Annual
Tax Rate 08/09		 16.196%  12.596%  12.137%  10.241% 
08/09
3rd & 4th Qtr.		 16.787% 13.053% 12.577% 10.612%
08/09
1st & 2nd Qtr.		 15.605% 12.139% 11.698% 9.870%
07/08 15.434% 11.928% 11.577% 10.059%
06/07 16.118% 12.737% 12.007% 10.997%
05/06 15.746% 12.396% 12.309% 11.306%
04/05 15.094% 12.216% 12.553% 11.558%
03/04 14.550% 12.620% 12.418% 11.431%
02/03
3rd & 4th Qtr.		 14.160% 12.517% 12.565% 11.580%
02/03
1st & 2nd Qtr.		 11.936% 10.564% 10.607% 9.776%
01/02 11.609% 10.792% 10.541% 9.712%
00/01 11.255% 10.847% 10.540% 9.768%

Archived Property Tax Rates 1981/1982 to 1999/2000

 

YEAR

CLASS 1

CLASS 2

CLASS 3

CLASS 4

99/00

11.167%

10.851%

9.398%

9.989%

98/99

10.961%

10.739%

8.800%

10.236%

97/98

10.849%

11.046%

8.282%

10.164%

96/97

10.785%

11.056%

7.840%

10.252%

95/96

10.725%

10.807%

7.922%

10.402%

94/95

10.694%

10.552%

7.702%

10.608%

93/94

10.900%

10.369%

7.404%

10.724%

92/93

10.888%

9.910%

12.794%

10.698%

91/92

10.888%

9.885%

13.083%

10.631%

90/91

9.920%

9.228%

15.200%

10.004%

89/90

9.452%

9.229%

12.903%

9.539%

88/89

9.452%

9.272%

11.289%

9.582%

87/88

9.330%

9.150%

9.942%

9.460%

86/87

9.330%

9.150%

9.172%

9.460%

85/86

9.100%

9.150%

9.051%

9.460%

84/85

9.100%

9.150%

9.051%

9.460%

83/84

9.100%

9.057%

9.237%

9.323%

82/83

8.950%

8.950%

9.109%

9.294%

81/82

8.950%

8.950%

8.950%

8.950%

 

School Tax Rates for Tax Year 2017/2018

(Used to calculate overall Property Tax and Veterans Tax Rates)

  • Class 1 - 11.869%
      
  • Class 2 -   7.426%  
       
  • Class 4 -   6.143%

Archived School Tax Rates 2002/2003 to 2015/2017

 

School Tax Rate
YEAR CLASS 1 CLASS 2 CLASS 3 CLASS 4
16/17 11.536% 7.460% - 6.124%
15/16 11.506% 7.603% - 6.294%
14/15 11.581% 7.795%

-

 6.485%
13/14 11.277% 7.749%

-

 6.092%
12/13 11.457% 8.158%

-

 6.374%
11/12 11.596% 8.582%

-

 6.493%
10/11 10.206% 7.877%

-

 6.090%
09/10 9.469% 7.367%

-

 5.808%
08/09 9.870% 7.705%

-

 6.271%
07/08 10.342% 8.019%
-
 6.769%
06/07 9.182% 7.288%
-
 6.301%
05/06 8.693% 6.872%
-
 6.276%
04/05 8.225% 6.687%
-
 6.335%
03/04 7.761% 6.764%
-
 6.135%
02/03
3rd & 4th Qtr.		 7.096% 6.312%
-
 5.848%
02/03
1st & 2nd Qtr.		 7.096% 6.312%
-
 5.848%

 

Archived School Tax Rates 1981/1982 to 2001/2002

 

School Tax Rate
YEAR CLASS 1 CLASS 2 CLASS 3 CLASS 4
2001/2002 7.002% 6.543%

-

 5.895%
00/01 6.809% 6.598%

-

 5.949%
99/00 6.720% 6.569%

-

 6.054%
98/99 6.195% 6.112%

-

 5.833%
97/98 6.153% 6.313%

-

 5.809%
96/97 5.442% 5.631%

-

 5.222%
95/96 4.837% 4.925%

-

 4.741%
94/95 5.256% 5.240%

-

 5.268%
93/94 5.063% 4.871%

-

 5.038%
92/93 4.513% 4.160%

-

 4.491%
91/92 4.339% 3.990% 5.281% 4.292%
90/91 4.164% 3.923%

-

 4.253%
89/90 4.326% 4.279%

-

 4.423%
88/89 4.507% 4.480%

-

 4.630%
87/88 4.430% 4.406%

-

 4.556%
86/87 4.857% 4.830%

-

 4.994%
85/86 4.754% 4.845%

-

 5.010%
84/85 4.885% 4.967%

-

 5.136%
83/84 4.909% 4.944%

-

 5.090%
82/83 4.498% 4.559%

-

 4.734%
81/82 n/a n/a n/a n/a

 

Exemption Tax Rates for Veterans

Homeowners who receive the Veteran's Property Tax Exemption are required to pay the school tax rate on their exemption. Further reductions may be added if the veteran served in a combat zone or was disabled. The Veterans Exemption Property Tax Rate is the rate applied to the exempt amount to determine the tax benefit.

Property Tax Exemption Rates for Veterans for Tax Year 2017/2018

  • Class 1 - 8.516%
     
  • Class 2 - 5.293%
     
  • Class 4 - 4.371%

How the Property Tax Exemption Rates for Veterans is Calculated

Class
 Current
Property
Tax Rate		 MINUS
Current School
Tax Rate		 Property Tax
Exemption Rates
for Veterans
 Class 1 20.385% - 11.869%  8.516%
 Class 2
 12.719%
-   7.426%  5.293%
 Class 4
 10.514% -   6.143%  4.371%

Download All NYC Property Data

The Department of Finance has made the data for all NYC properties available on the NYC Open Data portal for download. Visit the Open Data page for more information.