Our property records tool can return a variety of information about your property that affect your property tax. The City Council adopted new property tax rates for the tax year that began on July 1, 2020, and ends June 30, 2021. In Public Access, you can: Look up information about a property, including its tax class and market value. If your 421a or 421b exemption is expiring and you would get a larger benefit from one of the personal exemptions, you can ask to have the 421a or 421b exemption revoked and the personal exemption applied instead. In fact, many New York counties (outside of New York City) have rates exceeding 2.50%, which is more than double the national average (1.08%). The other tax … Class 1 residences are taxed at a rate of 20.919% of the assessed value, while Class 2 properties are charged a rate of 12.612%, according to the New York City Department of Finance website. For property-tax purposes, there are four broad property classifications, only two of which are of concern to most homeowners: Class 1 properties are one-to-three-family homes. Rates are set annually by the New York City Council, usually in November. If you are experiencing hardship and have fallen behind on your property taxes or are in danger of falling behind, you may want to consider applying for a Property Tax and Interest Deferral (PT AID) plan instead of a standard payment plan. The average effective property tax rate in the Big Apple is just 0.90% – just over half the statewide average rate of 1.68%. We do not mail you a Property Tax Bill if your property taxes are paid through a bank or mortgage servicing company or if you have a zero balance. The median property tax in New York is $3,755.00 per year for a home worth the median value of $306,000.00. Property Tax Bills Bills are generally mailed and posted on our website about a month before your taxes are due. Learn more about property tax exemption removal on the Property Tax Exemption Assistance page. Welcome to the NYC Department of Finance's Property Tax Public Access web portal, your resource for information about New York City property taxes. Your property tax rate is used to determine the tax you owe and is based on your tax class. How NYC Calculates Property Tax Bills. In New York City, property tax rates are actually fairly low. IMPORTANT INFORMATION Counties in New York collect an average of 1.23% of a property's assesed fair market value as property tax per year.. New York has one of the highest average property tax rates in the country, with only three states levying higher property taxes. You … For Property Tax and Property-related payments Due to scheduled maintenance NYCePay may not be available to accept property tax payments from Sunday, November 1, 2020 from 2:00 AM to 6:00 AM EST. Class 2 properties are rental buildings with four or more units, co-ops, and condominiums. 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