New York City Property Tax Search
Interested in a New York City property tax search?
Access tax information for any New York City home. Simply type in the exact address in the search box below and instantly run a quick property tax lookup.
In-depth New York City Property Tax Information
Assess all the factors that determine a property's taxes with a detailed report like the sample below. Create a free account and review your selected property's tax rates, value assessments and more.
See detailed property tax information from the sample report for 7 Leroy St, New York City, NY
Tax Bill
| Property tax bill for 7/1/2024 to 6/30/2025 | $63,142 | ||||||
Key Values in Calculating the Bill
| Tax class | 2A | ||||||
| Market value | $5,432,000 | ||||||
| Assessed value | $2,444,400 | ||||||
| Exemptions granted by city | $0 | ||||||
| Transitional value | $505,137 | ||||||
| Transitional exemption value | $0 | ||||||
| Tax abatements | $0 | ||||||
Property Tax Calculation
The first step is for the City Assessor to determine the market value of the property. While the term market value would seemingly refer to how much the property would sell for on the open market, in reality the market value established by the City Assessor is almost always substantially lower.
| Land market value | $725,000 | ||||||
| Building market value | + | $4,707,000 | |||||
| Market value | = | $5,432,000 | |||||
Assessed Value
Next, the market value is used to compute the assessed value, which is a percentage of the market value. The exact percentage is determined by the tax class of the property. Tax class 1 is assessed at 6% of the market value, and tax classes 2,3 and 4 are assessed at 45%.
| Market value | $5,432,000 | ||||||
| Assessment ratio | x | 45% | |||||
| Maximum assessed value | = | $2,444,400 | |||||
Transitional Value
To protect property owners from sudden large increases in property tax, the state limits how quickly the city can increase the assessed value. Typically these limits are applied when the City Assessor makes a big increase to the market value. Without the limits the assessed value would increase by a similar percentage. Instead, the change to the assessed value is phased in over a number of years.
| Assessed value | $2,444,400 | ||||||
The market value of this property was increased in previous years and the assessed value is currently being phased in. Because this property is in tax class 2A, the assessment cannot be raised more than 8% from the year before or 30% over five years. Assessed value cannot be raised more than 45% from market value.
| Transitional value | $505,137 | ||||||
Taxable Value
The taxable value, for 24/25, is the smaller of the city's net assessed value and the transitional net assessed value.
| Taxable value | = | $505,137 | |||||
Property Tax
Current tax is calculated by multiplying the taxable value ( the assessed value minus any exemptions ) by the tax rate. The city also grants some properties incentives called tax abatements, which are subtracted directly from the current tax. This results in the property tax, the amount the current owner pays.
| Tax description | Billable value 24/25 | Tax rate 24/25 | Tax bill 24/25 | ||
|---|---|---|---|---|---|
| Current tax | $505,137 | x | 12.5000% | = | $63,142 |
| Total abatements | - | $0 | |||
| Property tax with final tax rate | = | $63,142 |
After issuing the final tax assessment and issuing first quarter tax bills, the city typically adjusts the tax rate. This results in an adjustment to the property tax.
| Tax description | Billable value 24/25 | Tax rate 23/24 | Tax bill June | ||
|---|---|---|---|---|---|
| Current tax as billed june 24/25 | $505,137 | x | 12.5020% | = | $63,152 |
| Total abatements | - | $0 | |||
| Property tax as billed june 24/25 | = | $63,152 |
| Property tax with final tax rate | $63,142 | ||||
| Property tax as billed june 24/25 | - | $63,152 | |||
| Property tax adjustment | = | -$10 |
For more information, you can view this property's assessment, tax bill, and account statements by clicking here and entering the Borough, Block, & Lot.
This map shows property tax in correlation with square footage of the property.
| Property tax | $63,142 |
|---|---|
| Tax year | 2024-2025 |
| Square feet | 3,791 |
| Tax per sqft | $17 |
Property Shark is a comprehensive real estate data platform that offers valuable insights into property information, sales history, ownership details, and market trends. It provides users with access to property records, neighborhood data, and investment opportunities. With its user-friendly interface and robust search features, Property Shark is a valuable tool for real estate professionals... See More
A. Marku
I have been using Property Shark for many, many years as a tool to obtain some information for report writing purposes. I get all of my property information from this site- building permits, certificates of occupancy, heads up on whether there may be a database listing, historical photos, etc. I highly recommend utilizing property shark for property information.
S. Environmental
Property Shark is the ultimate go-to tool for real estate investors when it comes to conducting thorough due diligence. Its accuracy is nearly impeccable, enabling you to make well-informed decisions on property purchases with just 5 minutes of research. It serves as a comprehensive platform for real estate research, making it indispensable for all individuals involved in the industry.
S. Rahman
New York City Stats for Property Taxes
For an easier overview of the difference in tax rates between counties, explore the charts below. You can also get additional insights on median home values, income levels and homeownership rates in your area.
Effective tax rate (%)
0.84% of Assessed Home Value
1.64% of Assessed Home Value
1.02% of Assessed Home Value
Median real estate taxes paid
$6,121
$6,303
$2,869
Median home value
$732,100
$384,100
$281,900
Median income
$76,607
$81,386
$75,149
Owner occupied housing (%)
32.9%
54.3%
64.8%
Renter occupied housing (%)
67.1%
45.7%
35.2%
Are You Paying Too Much in Property Taxes?
If you feel you may be paying too much in property taxes, we can help you figure out what the right amount is and gather all the necessary information you need for your property tax appeal.
Curious About Tax Rates in Your Area?
Search for a property directly by address and explore the quick report detailing its taxes. You can also use the interactive map below to navigate an area and get at-a-glance overviews of area tax ranges.
Frequently Asked Questions on Property Taxes
Tap into one of the biggest real estate data sources and save time and effort with PropertyShark
Get a complete overview of all of the factors that determine your selected property's tax bill with a full property report.
Plus, receive a detailed rundown of property characteristics, ownership information, liens, title documents and more.
Check out the full list of services to find out how you can research expertly and with ease.
Get access to superior tools that will guide you all the way from the initial search to a successful deal.
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 New York City, NY:
Other Property Records
Search Property Tax Records in Other Counties
- Albany County Property Tax Search
- Allegany County Property Tax Search
- Bronx Property Tax Search
- Brooklyn Property Tax Search
- Broome County Property Tax Search
- Cattaraugus County Property Tax Search
- Cayuga County Property Tax Search
- Chautauqua County Property Tax Search
- Chemung County Property Tax Search
- Chenango County Property Tax Search
- Clinton County Property Tax Search
- Columbia County Property Tax Search
- Cortland County Property Tax Search
- Delaware County Property Tax Search
- Dutchess County Property Tax Search
- Erie County Property Tax Search
- Essex County Property Tax Search
- Franklin County Property Tax Search
- Fulton County Property Tax Search
- Genesee County Property Tax Search
- Greene County Property Tax Search
- Hamilton County Property Tax Search
- Herkimer County Property Tax Search
- Jefferson County Property Tax Search
- Lewis County Property Tax Search
- Livingston County Property Tax Search
- Madison County Property Tax Search
- Manhattan Property Tax Search
- Monroe County Property Tax Search
- Montgomery County Property Tax Search
- Nassau County Property Tax Search
- New York City Property Tax Search
- Niagara County Property Tax Search
- Oneida County Property Tax Search
- Onondaga County Property Tax Search
- Ontario County Property Tax Search
- Orange County Property Tax Search
- Orleans County Property Tax Search
- Oswego County Property Tax Search
- Otsego County Property Tax Search
- Putnam County Property Tax Search
- Queens Property Tax Search
- Rensselaer County Property Tax Search
- Rockland County Property Tax Search
- Saratoga County Property Tax Search
- Schenectady County Property Tax Search
- Schoharie County Property Tax Search
- Schuyler County Property Tax Search
- Seneca County Property Tax Search
- St Lawrence County Property Tax Search
- Staten Island Property Tax Search
- Steuben County Property Tax Search
- Suffolk County Property Tax Search
- Sullivan County Property Tax Search
- Tioga County Property Tax Search
- Tompkins County Property Tax Search
- Ulster County Property Tax Search
- Warren County Property Tax Search
- Washington County Property Tax Search
- Wayne County Property Tax Search
- Westchester County Property Tax Search
- Wyoming County Property Tax Search
- Yates County Property Tax Search