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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 we Calculate Your Annual Property Tax.

Property tax rates for tax year 2025

  • Class 1 - 20.085%
      
  • Class 2 - 12.500%
      
  • Class 3 - 11.181%
       
  • Class 4 - 10.762%

Archived property tax rates 2000/2001 to 2023/2024

YEAR CLASS 1 CLASS 2 CLASS 3 CLASS 4
23/24 20.085% 12.502% 12.094% 10.592%
22/23 20.309% 12.267% 12.755% 10.646%
21/22 19.963% 12.235% 12.289% 10.755%
20/21 21.045% 12.267% 12.826% 10.694%
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%

Archived property tax rates 1981/1982 to 1999/2000


School tax rates for tax years 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.  

Archived school tax rates 2002/2003 to 2017/2018


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%


Archived school tax rates 1981/1982 to 2001/2002


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.