Calculating Your Property Taxes

Department of Finance


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Calculating your property taxes

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

Download Your Property Tax Bill

How we calculate your Property Tax Bill:

Determining market value

Determining assessed value

Determining transitional assessed value (tax classes 2, 3, and 4 only)

Apply exemptions

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

Learn how to calculate your own property tax bill