Property Tax on a $850,000 Home in New York

How Much is Property Tax on a $850,000 Home in New York?

Property tax on a $850,000 home in New York typically ranges from $7,650 to $22,950 per year (roughly $638 to $1,913/month), depending on the county. Based on the statewide average effective rate of 1.73%, you can expect to pay around $14,705/year, or $1,225/month. New York has high effective property tax rates, particularly in the New York City suburbs; New York City itself uses a complex system of fractional assessments that often produces lower rates for residential property.