Payment Due Dates

NYC’s Property Tax Fiscal Year runs from July 1st to June 30th.  Finance mails property tax billing information, called a Statement of Account (SOA), in June for the entire fiscal year. Payments are due, two (semi-annually) or four (quarterly) times a year.

Quarterly Payments
All properties (including houses, businesses, condos, coops, etc.) with an assessed value of $250,000 or less must make tax payments four (4) times a year.

Semi-Annual Payments
All properties with an assessed value of more than $250,000 must make tax payments two (2) times a year.

Statement of Account: Click here to see if you are paying quarterly or twice a year and to view your taxable value.

PROPERTY TAX PAYMENT DUE DATES

If the original date falls on the weekend or a Federal holiday, the payment is due the next business day.

All other properties with a taxable value of more than $250,000 must pay twice a year.

Extra Time for Quarterly Payers 
Taxpayers who pay quarterly are entitled to pay interest-free if payment is made by the 15th (July 15, October 15, January 15 or April 15). This is called a Grace Period. If the last day of the grace period falls on the weekend or a Federal holiday, the payment is due the next business day.

If payment is made after the grace period, interest will be charged from the original due date (July 1, October 1, January 1 or April 1).

For mailed payments, the postmark on the envelope determines if you have met the deadline. We do not use the date we receive or cash the check.

Discounts for Early Payment
Taxpayers who pay the "Everything You Owe..." amount on the Statement of Account coupon are entitled to a discount.  For bills with due dates after July 1, 2010 (FY11), you will receive a reduction of:

• 1% on the full amount of your yearly property tax if you pay the entire amount shown on your bill by the July due date (or grace period due date).
  
• 0.66% discount on the last three quarters if you wait until October to pay the entire amount due.
  
• 0.33% discount on the last six months of your taxes when you pay the remaining balance by the January due date.

If you pay semi-annually you will receive the 1% discount if the entire amount owed for the tax year is paid by July 1st.

Additional Information
Statement of Account
Bills and Payments
Late Payments