Property Tax
Calculated using official NYC Department of Finance rates for FY2025 and FY2026. Adjust the market value, tax class, and abatement status to see how each shapes your annual bill. Your final taxes will reflect the city's official assessment of your specific property.
Fiscal Year
DOF Market Value
Use the figure from your NYC Department of Finance tax bill, not the purchase price. For Class 2 properties, the DOF market value is income-based and is typically well below what you paid.
Tax Class
Tax Abatement
AV growth cap — if market value rises 20%
Annual tax bill across market values
Estimates based on NYC Department of Finance FY2025 (Class 1: 20.309%, Class 2: 12.473%) and FY2026 (Class 1: 19.843%, Class 2: 12.439%) tax rates. Assessment ratios per NYC DOF guidelines: 6% for Class 1, 45% for Class 2. This calculator is for informational purposes only and does not constitute tax advice. Actual bills may vary based on exemptions, abatement programs, and assessment appeals. Consult your NYC property tax bill or a licensed tax professional for exact figures.
Tax Bill Forecast
What you'll owe, year by year. Enter the assessed value and market value from your DOF tax bill to see how your tax bill grows over time as the assessed value phases toward its target. Use the DOF figures below, not your purchase price.
Optional — pins baseline to exact DOF bill