Rates and Other Charges
Property Tax Rates
Property Tax Rates for Veterans
Property Class Definitions
Other Charges
Interest Rates for Late Payment of Property Taxes
Property Tax Rates
The annual Statement of Account that Finance mailed to homeowners June 2009 was based on 3rd and 4th Quarter FY2009 tax rates.
The property tax rates for the FY2010 tax year are listed in the following table:
| YEAR |
CLASS 1 |
CLASS 2 |
CLASS 3 |
CLASS 4 |
| 09/10 |
17.088% |
13.241% |
12.743% |
10.426% |
| Average Annual Tax Rate 08/09 |
16.196% |
12.596% |
12.137% |
10.241% |
08/09
3rd & 4th Qtr. |
16.787% |
13.053% |
12.577% |
10.612% |
08/09
1st & 2nd Qtr. |
15.605% |
12.139% |
11.698% |
9.870% |
| 07/08 |
15.434% |
11.928% |
11.577% |
10.059% |
| 06/07 |
16.118% |
12.737% |
12.007% |
10.997% |
| 05/06 |
15.746% |
12.396% |
12.309% |
11.306% |
| 04/05 |
15.094% |
12.216% |
12.553% |
11.558% |
| 03/04 |
14.550% |
12.620% |
12.418% |
11.431% |
02/03
3rd & 4th Qtr. |
14.160% |
12.517% |
12.565% |
11.580% |
02/03
1st & 2nd Qtr. |
11.936% |
10.564% |
10.607% |
9.776% |
| 01/02 |
11.609% |
10.792% |
10.541% |
9.712% |
| 00/01 |
11.255% |
10.847% |
10.540% |
9.768% |
| 99/00 |
11.167% |
10.851% |
9.398% |
9.989% |
| 98/99 |
10.961% |
10.739% |
8.800% |
10.236% |
| 97/98 |
10.849% |
11.046% |
8.282% |
10.164% |
| 96/97 |
10.785% |
11.056% |
7.840% |
10.252% |
| 95/96 |
10.725% |
10.807% |
7.922% |
10.402% |
| 94/95 |
10.694% |
10.552% |
7.702% |
10.608% |
| 93/94 |
10.900% |
10.369% |
7.404% |
10.724% |
| 92/93 |
10.888% |
9.910% |
12.794% |
10.698% |
| 91/92 |
10.888% |
9.885% |
13.083% |
10.631% |
| 90/91 |
9.920% |
9.228% |
15.200% |
10.004% |
| 89/90 |
9.452% |
9.229% |
12.903% |
9.539% |
| 88/89 |
9.452% |
9.272% |
11.289% |
9.582% |
| 87/88 |
9.330% |
9.150% |
9.942% |
9.460% |
| 86/87 |
9.330% |
9.150% |
9.172% |
9.460% |
| 85/86 |
9.100% |
9.150% |
9.051% |
9.460% |
| 84/85 |
9.100% |
9.150% |
9.051% |
9.460% |
| 83/84 |
9.100% |
9.057% |
9.237% |
9.323% |
| 82/83 |
8.950% |
8.950% |
9.109% |
9.294% |
| 81/82 |
8.950% |
8.950% |
8.950% |
8.950% |
Information for Veterans
Homeowners who receive the Veterans' Property Tax Exemption are required to support the City's public schools. The veterans' tax rates for each year are as follows:
| School Tax Rate |
| YEAR |
CLASS 1 |
CLASS 2 |
CLASS 3 |
CLASS 4 |
| 09/10 |
9.469% |
7.367% |
-
|
5.808% |
| 08/09 |
9.870% |
7.705% |
-
|
6.271% |
| 07/08 |
10.342% |
8.019% |
-
|
6.769% |
| 06/07 |
9.182% |
7.288% |
-
|
6.301% |
| 05/06 |
8.693% |
6.872% |
-
|
6.276% |
| 04/05 |
8.225% |
6.687% |
-
|
6.335% |
| 03/04 |
7.761% |
6.764% |
-
|
6.135% |
02/03
3rd & 4th Qtr. |
7.096% |
6.312% |
-
|
5.848% |
02/03
1st & 2nd Qtr. |
7.096% |
6.312% |
-
|
5.848% |
Property Class
Definitions
Class 1, 2, 3, and 4 is assigned to a property based on its type, use and size.
- Class 1 includes:
- Most residential property of up to three units
(such as one-, two-, and three-family homes),
- Small stores or offices with one or two apartments
attached,
- Vacant land, in the boroughs other than
Manhattan, zoned for residential use,
- and most condominiums that are not more than three
stories.
- Class 2 includes:
- All other primarily residential property, such
as cooperatives and condominiums.
- Class 3 includes:
- Property with equipment owned by a gas, telephone
or electric company.
- Class 4 includes:
- All commercial and industrial property, such as office, factory buildings and vacant land other than in Tax Class 1.
Other Charges
Rent Stabilized Apartment Fees
Owner/landlords of rent-regulated housing are required to pay an annual fee of $10 for each rent stabilized unit. They must register with the New York State Division of Housing and Community Renewal.
Other Agency Charges
