Property tax
Property tax rates
There are multiple ways to compare property tax rates across states, as seen in the following table reproduced from the Lincoln Institute of Land Policy. Based on their analysis, New York State has higher property taxes than many other states.
| Statistic | New York | U.S. average | Rank (of 51) 1 is highest |
|---|---|---|---|
| Per capita property tax | $3,118 | $1,810 | 5 |
| Property tax percentage of personal income | 4.40% | 3.10% | 6 |
| Total property tax as percentage of state-local revenue | 18.70% | 16.60% | 12 |
| Median owner-occupied home value2 | $325,000 | $229,800 | 10 |
| Median real estate taxes paid for owner-occupied home2 | $5,590 | $2,551 | 4 |
| Effective tax rate, median owner-occupied home3 | 1.70% | 1.10% | 8 |
Sources: U.S. Census via Significant Features of the Property Tax, American Community Survey
1 All revenue numbers in this table include the state government as well as local governments.
2 The statistics for median owner-occupied home value and median real estate taxes paid for owner-occupied home are five-year average statistics for years 2016–2020.
3 Calculated as the median real estate tax paid on owner-occupied homes as a percent of the median owner-occupied home value.
Property taxes fund local programs and services
Property taxes in New York State support school districts, local governments, special districts (such as fire districts), and other local services.
Property tax levies outside New York City in calendar year 2022: school taxes 63%; county taxes 16%; town taxes 11%; village taxes 4%; city taxes 3%; special district taxes 2%.
View this data as a table
Working with local governments
New York State does not receive any revenue from the property tax, but the Tax Department's Office of Real Property Tax Services (ORPTS) supports the more than 1,000 local governments that do.
Note: The decline observed between 2022 and 2023 is due to a lower levy in New York City, as published by the Office of the State Comptroller.
| Calendar year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|
| Property tax collections (in billions of dollars) |
$55.15 | $56.85 | $58.79 | $61.28 | $62.85 | $65.95 | $67.80 | $67.13 |
Number of residential properties in New York State
The number of residential properties in New York State grows at a rate of about 0.2% per year.
| Calendar year | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Number of residential properties | 4,000,105 | 4,006,163 | 4,013,060 | 4,021,536 | 4,032,628 |
STAR benefits
More than 2.8 million New Yorkers received School Tax Relief (STAR) benefits totaling more than $2.3 billion in 2023.
| Calendar year | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| STAR exemption recipients | 2,525,937 | 2,365,657 | 2,222,250 | 2,054,641 | 1,898,705 |
| STAR credit recipients | 562,783 | 678,240 | 771,385 | 877,803 | 970,847 |
| Total | 3,088,720 | 3,043,897 | 2,993,635 | 2,932,444 | 2,869,552 |
For 2023 STAR benefits, senior citizens with incomes of $93,200 or less were eligible for Enhanced STAR benefits.
| Calendar year | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Basic STAR recipients | 2,439,325 | 2,378,466 | 2,337,046 | 2,260,976 | 2,189,470 |
| Enhanced STAR recipients | 649,395 | 665,431 | 656,589 | 671,468 | 680,082 |
| Total | 3,088,720 | 3,043,897 | 2,993,635 | 2,932,444 | 2,869,552 |
| Calendar year | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| STAR exemption savings | $2,195,341,669 | $2,044,379,764 | $1,909,462,211 | $1,780,721,932 | $1,605,818,354 |
| STAR credit savings | $476,861,699 | $572,063,090 | $649,629,804 | $735,497,004 | $760,259,778 |
| Total | $2,672,203,368 | $2,616,442,854 | $2,559,092,015 | $2,516,218,936 | $2,366,078,132 |