Property tax growth in New York State averages about 3% annually, supporting school districts and local governments and services in municipalities.
|Property tax collections (in billions of dollars)||$55.15||$56.85||$58.79||$61.28||$62.85|
Working with local governments
The Tax Department’s Office of Real Property Tax Services (ORPTS) works with more than 1,000 local governments that collect more than $68 billion in property taxes.
More than 2.9 million New Yorkers received more than $2.5 billion in STAR benefits, reducing their school taxes in 2022.
|Number of STAR recipients statewide||3,088,720||3,043,897||2,993,635||2,932,444|
|Number of STAR exemptions statewide||2,525,937||2,365,657||2,222,250||2,054,641|
|Number of Basic STAR recipients||2,439,325||2,378,466||2,337,046||2,260,976|
|Number of Enhanced STAR recipients||649,395||665,431||656,589||671,468|
|Number of STAR credits statewide||562,783||678,240||771,385||877,803|
|Savings to property owners ($)||$2,672,203,368||$2,616,442,854||$2,559,092,015||$2,516,218,936|
|Statewide STAR credit savings||$476,861,699||$572,063,090||$649,629,804||$735,497,004|
Property tax rates
In 2020, property taxes imposed by local governments in New York State were $4.34 per $100 of personal income. This was the 6th highest amount as a percentage of personal income in the nation (ME, NJ, NH, CT, and RI were higher by this measure) and $1.42 above the national average of $2.92 per $100 of personal income.
Homeowner tax rebate credits
New York State issued more than 2.4 million homeowner tax rebate credit payments totaling more $1.9 billion in 2022.