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Manhattan, New York property tax

Typical rate and yearly bill in Manhattan, compared with New York County. Census survey 2020-2024.

Estimate my bill
Typical rate0.92%+at least, see note below
Typical yearly bill$10,000+Census caps this figure
Median home value$1,090,500owner-occupied homes
vs New York County+0.00 ptscounty 0.92% · typical bill $10,000+

Estimate your Manhattan bill

Not sure of your home value?

Use what you paid if you bought recently, or the market value on your county tax bill or assessment notice (most county assessor websites let you search by address). Recent sales of similar homes nearby work too. The box starts at the typical home value in Manhattan, so you can also just press Calculate.

Estimated yearly property tax
How we got this

Your city, school district and exemptions can move the real bill 10 to 20% either way.

If your home is worthYearly taxMonthly

The Census survey records the typical bill in Manhattan only as "$10,000 or more", so the 0.92% rate here is a floor. Real bills on a typical home are likely higher, so treat this estimate as a minimum.

How Manhattan compares

New York
1.55%
United States
0.94%
Manhattan
0.92%
New York County
0.92%

Think your bill is too high?

Divide your yearly tax by your home's market value. If your result is well above what neighbors with similar homes pay, your assessed value may be too high or an exemption may be missing.

  1. Check the market value on your notice against recent sales nearby.
  2. Make sure every exemption you qualify for is listed, starting with the homestead exemption.
  3. File an appeal before the deadline. Filing is usually free or costs little.
How to appeal, step by stepHow to read your billHomestead exemptions

Property tax in Manhattan, in plain words

Homeowners in Manhattan typically pay $10,000+ a year in property tax on a home worth $1,090,500, according to the Census Bureau's American Community Survey for 2020-2024. That works out to an effective rate of about 0.92% of home value, though the survey caps one of those figures here, so treat it as approximate.

That rate is about the same as New York County as a whole (0.92%) and lower than the New York typical rate of 1.55%. Across the US, the typical rate is 0.94%.

Your own bill depends on your home's assessed value, the exact school district and special districts at your address, and any exemptions you claim. Your New York County tax office has the final number.

Common questions

What is the property tax rate in Manhattan?

The typical effective rate is about 0.92% of home value per year, based on what homeowners report paying.

How much is property tax on a $400,000 home in Manhattan?

About $3,670 a year at the typical rate. Exemptions and your exact district can move it either way.

Is Manhattan higher or lower than New York County?

Manhattan's typical rate (0.92%) is about the same as the county's (0.92%).

Homestead exemptions · How to appeal · Where these numbers come from