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 2023

  • Class 1 - 20.309%
      
  • Class 2 - 12.267%
      
  • Class 3 - 12.755%
       
  • Class 4 - 10.646%
YEAR CLASS 1 CLASS 2 CLASS 3 CLASS 4
21/22 19.963% 12.235% 12.289% 10.755%
20/21 21.045% 12.267% 12.826% 10.695%
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%


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 1981-2018

Historically, school tax rates were used to calculate the Veterans property tax exemption. Visit the Veterans Exemption page to learn about the benefits and apply.  


School Tax Rate
YEAR CLASS 1 CLASS 2 CLASS 3 CLASS 4
17/18 11.869% 7.426
6.143%
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%



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





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.