Print icon Print

Calculating your property taxes

New York City property owners receive a property tax bill from the Department of Finance either quarterly or semiannually.

How we calculate your Property Tax Bill:

  1. Determining market value
  2. Determining assessed value
  3. Determining transitional assessed value (tax classes 2, 3, and 4 only)
  4. Apply exemptions

Learn how we calculate your property tax bill in the Class 1, Class 2 and Utility property tax guides.

  • Property Tax Guide for Class 1 Properties
  • Property Tax Guide for Class 2 Properties
  • Property Tax Guide for Utility Tax
Learn how to calculate your own property tax bill