Fiscal 2017 Real Property Tax Rates

June 15, 2016

The NYC City Council adopted real property tax rates for fiscal year 2017, which begins July 1, 2016.  Here are the 2017 tax rates by class as well as last year’s rates for comparison.  

Comparison of Tax Rates for Fiscal 2016 and 2017 (Per $100 Assessed Value)

Please note that the tax bills issued for the first half of fiscal year 2017 (July 2016 through December 2016) reflected the fiscal year 2016 tax rates.

However, your July-December tax liability will be based on the recently adopted fiscal year 2017 tax rates. As a result, your January 2017-June 2017 tax bill will include an adjustment for any overpayment or underpayment on your previous tax bill (July 2016 through December 2016).

source:REBNY