NYC Property Tax Rates for 2017

Posted by AIS Team on June 1, 2016 at 1:00 PM

Changes to The NYC Property Tax Rate for July 1, 2016 - June 30, 2017

The NYC Department of Finance has posted Property Tax Rates for fiscal year 2017.

  • The NYC Department of Finance initially entered the 2016/2017 real estate taxes based on the 2015/2016 tax rates and not on the 2016/2017 final tax rates. This action expedited the posting of taxes and was similar to past years. This will affect all real estate taxes due beginning on January 1, 2017.
  • The following table lists the tax rates for the four tax classes used by the New York City Department of Finance:


nyc-department-property-tax-rates-2017.jpg

To account for the difference between the above tax rates, DOF will adjust the 3rd and 4th quarter tax (or 2nd half tax) as follows:

3rd Quarter Tax - accounts for the 3rd quarter difference in tax, as well as an equal difference for the 1st quarter tax

4th Quarter Tax - accounts for the 4th quarter difference in tax, as well as an equal difference for the 2nd quarter tax

2nd Half Tax - accounts for the 2nd half difference in tax, as well as an equal difference for the 1st half tax

For the most updated NYC Tax Rates visit: https://www1.nyc.gov/site/finance/taxes/property-tax-rates.page If you have any questions, please call the NYC Tax Group at 516-918-4785.

 

Topics: NYC Property Rates for Fiscal Year 2016