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Property

Rates and Other Charges

Property Tax Rates

Property tax rates are based on the four tax classes.  The tax rates for fiscal year 2000/2001 through fiscal year 2011 are listed in the following table:

YEARCLASS 1CLASS 2CLASS 3CLASS 4
11/1218.205%13.433%12.473%10.152%
10/1117.364%13.353%12.631%10.312%
09/1017.088%13.241%12.743%10.426%
Average Annual Tax Rate 08/0916.196% 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%
07/0815.434%11.928%11.577%10.059%
06/0716.118%12.737%12.007%10.997%
05/0615.746%12.396%12.309%11.306%
04/0515.094%12.216%12.553%11.558%
03/0414.550%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%
01/0211.609%10.792%10.541%9.712%
00/0111.255%10.847%10.540%9.768%

Green Bullet Point GraphicArchived Property Rates


Property Tax Rates for Veterans

Homeowners who receive the Veterans' Property Tax Exemption are only required to pay public school tax. The rates for each year are listed in the following table:

School Tax Rate
YEARCLASS 1CLASS 2CLASS 3CLASS 4
11/1211.596%8.582%

-

6.493%
10/1110.206%7.877%

-

6.090%
09/109.469%7.367%

-

5.808%
08/099.870%7.705%

-

6.271%
07/0810.342%8.019%
-
6.769%
06/079.182%7.288%
-
6.301%
05/068.693%6.872%
-
6.276%
04/058.225%6.687%
-
6.335%
03/047.761%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%

Other Charges
Green Bullet Point GraphicInterest Rates for Late Payment of Property Taxes
Finance is required to charge interest on property taxes if payment is not received on the due date or grace period.

Green Bullet Point GraphicRent Stabilized Apartment Fees
Owners of rent-regulated housing are required to pay an annual fee of $10 for each stabilized unit. They must register with the New York State Division of Housing and Community Renewal.

Green Bullet Point GraphicOther Agency Charges
Finance is responsible for collecting several charges issued by other City and State agencies.


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