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On , the new york city council approved new property tax rates that supersede the rates initially adopted on. The previous rates are no longer valid. Taxpayers will only see a change from the 2023/24 rates to these new 2024/25 rates.
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Impact on tax bills. You will receive a property tax bill if you pay the taxes yourself and have a balance. If a bank or mortgage company pays your property taxes, they will receive your property tax bill. Bills are generally mailed and posted on our website about a month before your taxes are due.
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The bills provide the last statements of account for the tax year for all property taxpayers in new york city. New york citys fiscal year for property taxes is july 1 to june 30. The department of finance mails property tax bills four times a year. You will pay your property taxes two or four times a year, depending on the property's assessed value. The city council adopted new property tax rates for the tax year that began on , and ends.
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