A property tax bill, also known as a Statement of Account, shows

  • How much tax you owe
  • How the tax was calculated
  • Any exemptions, abatements, and credits that were applied to reduce your bill

The Department of Finance recalculated some interest charges for property tax bills due July 1, 2020.  DOF sent a letter and revised property tax bill to affected property owners with past due charges.

Some co-op owners were mailed a semi-annual property tax bill, instead of a quarterly property tax bill. DOF sent a letter to these owners explaining the error, along with the correct quarterly bill.

If you need information about your property tax bill or account, you can look up property information online, including:

  • Amount due, charges, and interest
  • Payment history
  • Status of exemptions or credits
  • Tax rate and tax class

You will need the property’s address or the Borough-Block-Lot (BBL) number.

If you are a co-op owner, you must get information about your property taxes, account, and exemption status from your co-op management office.

Bills are mailed four weeks before they are due. If you're a property owner and don’t own a co-op, you’ll be mailed a property tax bill if you pay the taxes yourself and have a balance due. About a month before your taxes are due, you can also view your bill online.

Automatic Payments

If you signed up for automatic payment, you will continue to receive property tax bills in the mail.

Co-Op Owners

If you own a co-op, your co-op’s managing agent, or board of directors gets the property tax bill for the entire building. You can contact them for payment and exemption information for your apartment. Contact DOF to request a printout with exemption and abatement information for your apartment.

Owners with Mortgages

Most property owners who have a mortgage don’t receive property tax bills. If a bank or mortgage company pays your taxes for you, they will receive the bill electronically. 

Even if you don't normally get a bill because a mortgage company or bank pays your property taxes, you will still get a bill from DOF if you owe charges from another agency, such as sidewalk repair and water and sewer fees. You are responsible for paying the charges, even though you have a mortgage.

Even if you don’t receive a bill, you’re responsible for making sure the bill will be paid. If your mortgage lender is saying you owe something other than what appears on the property tax bill, you should contact the mortgage lender and request documentation of that bill.

Third Party Notification

If you are 65 or older or have a disability, you can choose another person to get copies of your property tax bills and notices. This is called "third party notification." You can get the application online or by mail.

Online

Download the Third Party Notification Application.

By Mail

Call 311 to request a paper copy.

Property tax bills are due semi-annually (twice a year) or quarterly (four times a year), depending on the assessed or actual assessed value of the property.

If your property's assessed value goes over $250,000 you may receive a notice from DOF informing you that you will be billed semi-annually instead of quarterly.

Assessed Value
Due Dates
More than $250,000
January 1
July 1
Less than $250,000
January 1
April 1
July 1
October 1

Due Date on Weekend or Holiday

If the payment due date or grace period due date (for quarterly payers) falls on a weekend or a federal holiday, the payment is due the next business day.

Grace Period

If you pay quarterly, you get a 15-day, interest-free grace period. You won’t be charged interest for payments postmarked as late as July 15, October 15, January 15, or April 15.

If the date falls on a weekend or City holiday, it’s due by the following business day.

Early Payments

If you pay before the due date, you’ll get a discount. For quarterly payers, the earlier you pay, the bigger your discount.

If you pay by:

  • July 15: 0.5% discount for paying the full amount due
  • October 15: 0.25% discount for paying the remaining balance
  • January 15: 0.125% discount for paying the remaining balance

If you pay semi-annually and pay the entire amount owed for the tax year by July 1, you’ll get a 0.5% discount.

Late Payments

A payment is considered late if it isn’t paid or if a mailed payment isn’t postmarked by the due date or grace period due date (quarterly payers only). The Department of Finance is required by law to charge interest on the outstanding amount of property tax until it’s paid, even if you didn’t get a bill.

The interest rates charged for late payments are set annually by the City Council. Interest is charged starting from the due date and compounds daily, so the later you make the payment, the more interest you’ll owe.

Interest Rates

Property with an assessed value of $250,000 or less:

  • Through June 30, 2020: 7%
  • July 1, 2020 - September 30, 2020: 3.25%
  • October 1, 2020 - June 30, 2021: 5%

Property with an assessed value over $250,000:

  • Through June 30, 2021: 18%

Interest Rates July 2020

Interest rates on unpaid property taxes remain at 7% for properties with an Assessed Value under $250,000 and 18% for properties with an Assessed Value over $250,000 through June 30, 2020. The property tax bills recently sent out by DOF are due on July 1, 2020.  Quarterly tax bills for properties with an Assessed Value under $250,000, are due on July 1 but owners have a grace period through July 15, 2020 during which no interest is charged.

Property Taxes Due July 1, 2020

The New York City Council recently passed legislation that reduces the late payment interest rate for property taxes due on July 1, 2020, for eligible property owners who have been impacted by COVID-19 and who apply to DOF by September 30, 2020.

The legislation reduces late payment interest from 3.25% to 0% from July 1 through September 30, 2020, for property owners who are billed quarterly and own property with an assessed value of $250,000 or less. The legislation also reduces late payment interest from 18% to 7.5% from July 1 through October 15, 2020, for eligible property owners who are billed semi-annually and own property with an assessed value of more than $250,000.

Learn more about property tax interest reduction.

Properties Billed Quarterly

To qualify, the owner’s property must be a tax class 1 one-, two-, or three-family home, or a condominium, and be the owner's primary residence. In addition, all the owners must have an income that is less than $150,000 and the owner must have been impacted by COVID-19, either through their own illness or that of a household member, or through the loss of a primary source of income due to COVID-19.

Online

File a COVID Interest Rate Reduction Request form online.

Download the application for properties billed quarterly.

By Mail

Mail application and documents to:
NYC Department of Finance
59 Maiden Lane, 19th Floor
New York, NY  10038

Call 311 to request a paper copy.

In Person

Apply at any DOF Business Center.

Properties Billed Semi-Annually

To qualify, the owner must own one of two types of properties:

  • A building with 30 or fewer residential units, representing more than half the space of the building, at least half of which are rent-regulated. These owners must have seen a decrease in income of at least 25% from March 7 through June 30, 2020, compared to the same period in 2019, due to COVID-19; OR
  • A tax class 4 commercial building with an assessed value under $750,000 which has seen a decrease in business income from the property of at least 50% from March 7 through June 30, 2020, compared to the same period in 2019 due to COVID-19.

Online

File a COVID Interest Rate Reduction Request form online.

Download the application for properties billed semi-annually.

By Mail

Mail application and documents to:
NYC Department of Finance
59 Maiden Lane, 19th Floor
New York, NY  10038

Call 311 to request a paper copy.

In Person

Apply at any DOF Business Center.

The Department of Finance calculates your bill based on the value of your property and the tax rate. The amount due also takes into account any exemptions or abatements you receive and other charges you owe, such as sidewalk repair and water and sewer fees.

You can learn about property values and how they are determined on the Property Value and Assessment page.

Your property tax rate is based on your tax class.

Tax Classes

Every property in New York City is assigned to a tax class based on the property's size and how it is used.

Class 1
Class 2
1-, 2-, and 3-family homes

Condo buildings that are 3 stories or less

Small stores or offices with 1-2 apartments attached

Vacant land that is zoned for residential use 
Property that isn't in Class 1 and is mostly residential

Primarily residential property with 4 or more units

Co-op and condo buildings that are 4 stories or higher

Small stores or offices with 2 or more apartments attached

 

Class 3
Class 4
Property with equipment owned by a gas, telephone, or electric company 
All other commercial and industrial property, such as offices and factories

Vacant land that is not zoned for residential use 

Tax Rates

Your property tax rate is used to determine the tax you owe and is based on your tax class. Rates are set annually by the New York City Council, usually in November.

The City Council adopted new property tax rates for the tax year that began on July 1, 2019, and ends June 30, 2020. The new rates will be reflected on the January 2020 property tax bill.

The rates for Fiscal Year 2019/2020 are:

Tax Class
Rate
Class 1
21.167%
Class 2
12.473%
Class 3
12.536%
Class 4
10.537%

If you lost or never received your property tax bill, you can view it online or request a copy. Copies from past tax years are also available.

You can also view or request a copy of your account information, which includes:

  • Payment history
  • Outstanding balances
  • Detailed breakdown of credits, benefits, exemptions, and abatements
  • Property-related charges

Online

You can view your property tax bill online and print copies of it.

View your property tax bill and account information.

By Email or Mail

If you provide an email address, the copy will be emailed within 10 business days. If no email address is provided, the copy will be mailed within 10 business days.

Call 311 to request a copy.

The NYC Residential Property Taxes booklet provides information for homeowners about:

  • How to pay your property tax bill
  • How property values are determined and how you can dispute your property's value
  • Exemption benefits and requirements
  • The difference between exemptions and abatements
  • The terms used on property tax bills and Notices of Property Value (NOPV)
  • How the City spends its tax dollars

You can download the guide online or request a paper copy by mail.

Tax Class 1

This guide is for 1- to 3-family homes.

Online

Download the property tax guide for Class 1.

Download the property tax guide for Class 1 in Arabic, Bengali, Chinese, French, Haitian Creole, Korean, Polish, RussianSpanish, or Urdu.

By Mail

Call 311 to request a paper copy.

Tax Class 2

This guide is for residential properties with more than 3 units, including cooperatives and condominiums.

Online

Download the property tax guide for Class 2.

Download the property tax guide for Class 2 in Chinese, Korean, Russian, or Spanish.

By Mail

Call 311 to request a paper copy.