Calculate using real New York data. Median home price: $680,000. Property tax rate: 0.88%.
The effective property tax rate in New York, NY is 0.88%. On the median home value of $680,000, that equals approximately $5,984 per year.
At the 0.88% effective rate, a $680,000 home in New York, NY would pay about $5,984 annually, or $499 per month.
The 0.88% rate in New York, NY is near the national average of roughly 1.1%.