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Manhattan Property Tax Search

Searching for Manhattan property tax information?

Instantly look up property tax data for any Manhattan home by typing the exact address in the search bar below. Your results will display the amount for the latest tax year.

In-depth Manhattan Property Tax Information

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See detailed property tax information from the sample report for 7 Leroy St, Manhattan, NY

Tax Bill

Property tax bill for 7/1/2025 to 6/30/2026

$67,195

Estimated property tax bill for 7/1/2026 to 6/30/2027

$67,195

Key Values in Calculating the Bill

Tax class

Market value

$5,194,000

Assessed value

$2,337,300

Exemptions granted by city

Transitional value

$540,197

Transitional exemption value

Tax abatements

Property Tax Calculation

Market Value

The estimated worth of a property as determined by the NYC Department of Finance, based on factors such as size, location, property type, and, where applicable, income potential, in accordance with New York State guidelines.

Assessed Value

A property's assessed value represents the portion of its market value used to calculate property taxes, determined by an assessment ratio based on tax class. Class 1 properties are assessed at 6% of market value, while classes 2, 3 and 4 are assessed at 45%.

Transitional Value

To protect property owners from sharp increases in property taxes, the city phases in changes to assessed value over five years, applying 20% of the increase annually. Each year, both the actual assessed value and a transitional (phased-in) value are calculated,and the lower of the two is used to determine the tax bill. However, any physical improvements to the property are fully assessed immediately and are not phased in.

The assessed value of this property has increased in prior years and is currently being phased in. As the property is classified under tax class 2A, the assessment is subject to statutory limitations and may not increase by more than 8% annually or 30% over a five-year period, and it cannot exceed 45% of the property's market value.

Taxable Value

The taxable value for the 25/26 tax period is the lower amount between the city's net assessed value and the transitional net assessed value.

Property Tax

The current tax is calculated by multiplying the taxable value by the applicable tax rate. The City may also grant tax abatements to certain properties, which are subtracted directly from this amount. The resulting amount reflects the tax payable by the property owner.

Tax description	Billable value 25/26		Tax rate 25/26		Tax bill 25/26
Current tax	$540,197	x	12.4390%	=	$67,195
Property tax				=	$67,195

Tax description	Billable value 26/27		Tax rate 25/26		Tax bill 26/27
Current tax estimated	$540,197	x	12.4390%	=	$67,195
Property tax estimated				=	$67,195

For more information, view this property's assessment, tax bill and account statements by entering the borough, block and lot here.

This map shows property tax in correlation with square footage of the property.

Property tax

$67,195

Tax year

2025-2026

Square feet

3,791

Tax per sq. ft.

$18

Tentative Values

Every year in January, the NYC Department of Finance Commissioner publishes the tentative property assessment roll for the current fiscal year. All properties are valued by law according to their condition on the taxable status date of January 5th. Owners who believe that the Department of Finance has used incorrect information to determine their market value may file forms providing corrections. After Finance verifies the complaints, the agency will make any corrections before the final assessment roll is published on May 25. The final roll will also include changes, based on the decisions made by the New York City Tax Commission, an independent City agency, as well as new information Finance gathers about abatements, exemptions and other adjustments. In June, Finance will use the final roll and new tax rates adopted by the City Council to generate property tax bills for the fiscal year beginning July 1st.

Tentative Transitional Values

Land value

$82,503

Total value

$540,197

Exemption value

Tentative Actual Values

Land value

$725,000

Total value

$4,747,000

Exemption value

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Manhattan

75.7

New York

45.7%

National

35.2%

*For counties where median real estate taxes surpass $10,000, the U.S. Census does not provide data to calculate the effective tax rate.

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Frequently Asked Questions on Property Taxes

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PropertyShark uses an extensive list of data resources to compile property reports for millions of addresses, including public property records and researched data. Here is a small sample of some of our public data resources for Manhattan, NY:

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Property Title Search

		25/26		26/27
Land market value		$725,000		$725,000
Building market value	+	$4,469,000	+	$4,022,000
Market value	=	$5,194,000	=	$4,747,000

		25/26		26/27
Assessed value		$2,337,300		$2,136,150
Exemptions granted by city	-	$0	-	$0
Net assessed value	=	$2,337,300	=	$2,136,150

		25/26		26/27
Transitional value		$540,197		$540,197
Transitional exemption value	-	$0	-	$0
Transitional net value	=	$540,197	=	$540,197

		25/26			26/27
Taxable value	=	$540,197		=	$540,197

Manhattan Property Tax Search

Searching for Manhattan property tax information?

Instantly look up property tax data for any Manhattan home by typing the exact address in the search bar below. Your results will display the amount for the latest tax year.

Property Taxes

In-depth Manhattan Property Tax Information

See detailed property tax information from the sample report for 7 Leroy St, Manhattan, NY

Tax Bill

Property Tax Calculation

Tentative Values

Manhattan Stats for Property Taxes

Effective tax rate (%)

Median real estate taxes paid

Median home value

Median income

Owner occupied housing (%)

Renter occupied housing (%)

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