New York taxes — property, income, sales, retirement

Home·Tax overview·New York

Property tax, income tax, sales tax, and retirement-income treatment in New York. Quick read for movers, retirees, and remote workers.

Top marginal income 10.9%. NYC adds 3.876% local. SS untaxed; partial pension exclusion ($20k 59½+).
Effective property tax
1.40%
of home value/yr
Income tax (top rate)
10.9%
Sales tax (state)
4.00%
local adds more
SS taxed by state?
No

Property tax

New York’s effective property tax rate is approximately 1.40% of assessed home value per year. On a $350,000 home that’s about $4,899/yr. Rates vary by county and municipality — this is a state-wide average.

Income tax

Top marginal rate: 10.9%. Brackets vary by income. For wage earners, the effective rate depends on filing status, deductions, and credits.

Sales tax

State base rate: 4.00%. Local municipal and county additions can raise the combined rate by 1-4 percentage points.

Retirement income

Social Security: Not taxed by state. Pensions & 401(k) withdrawals: Partial exclusion / credit available.

Top cities in New York

New York · pop 8,478,072 · momentum 62

Buffalo · pop 276,617 · momentum 70

Yonkers · pop 211,040 · momentum 71

Syracuse · pop 146,097 · momentum 74

Albany · pop 101,317 · momentum 72

New Rochelle · pop 85,512 · momentum 77

Compare to other states: All 50 state tax overviews · All New York cities · Best New York cities for retirees

Sources: Tax Foundation effective property tax rankings, state DOR publications, AARP retirement tax guide. 2024/2025 representative figures — verify with a CPA for your specific situation.