2015 NYC Property Tax rates

The City Council adopted real property tax rates for fiscal year 2015, which begins July 1, 2014.  Here are the 2015 tax rates by class.

Tax Rates by Class

	Definition	FY 2015	FY 2014	Difference
Class 1	All One-, Two-, and Three-Family Residential Real Property	19.157	19.191	-0.034
Class 2	All other Residential Real Property	12.855	13.145	-0.29
Class 3	Utility Real Property	11.125	11.902	-0.777
Class 4	All Other Real Property	10.684	10.323	0.361

Please note that the tax bills issued for the first half of fiscal year 2015 (July 2014 through December 2014) were based on the fiscal year 2014 tax rates.

As a result, your second half tax bill will be based on the recently adopted fiscal year 2015 tax rates and will include an adjustment for any overpayment or underpayment in the first half of the year.

source courtesy: REBNY