Taxes in New York City, New York
Complete tax guide for New York City, NY. State income tax up to 10.9%, 0.88% property tax, 8.88% sales tax. Calculate your total tax burden.
State Income Tax
10.9%
New York
Property Tax
0.88%
Effective rate
Sales Tax
8.88%
Combined rate
Tax Burden
Very High
New York City, NY Tax Overview
NYC imposes a separate city income tax ranging from 3.078% to 3.876%; metro commuter tax also applies
Population
8,336,817
Median Income
$67,046
Cost of Living
187.2 (100 = avg)
State Income Tax
10.9%
Local Income Tax
3.876%
Median Home Price
$680,000
New York City Tax Calculator
Pre-filled with New York City median: $67,046
Total Tax Burden in New York City
$21,400
Take-Home: $45,646 · Effective Rate: 31.92%
Federal Tax
$6,364
9.49% eff.
NY State + Local
$9,907
14.78% eff.
FICA
$5,129
7.65% eff.
Take-Home
$45,646
68.08% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $67,046.00 | $5,587.17 |
| Federal Income Tax | -$6,364.12 | -$530.34 |
| New York State Tax | -$7,308.01 | -$609.00 |
| New York City Local Tax (3.876%) | -$2,598.70 | -$216.56 |
| Social Security (6.2%) | -$4,156.85 | -$346.40 |
| Medicare (1.45%) | -$972.17 | -$81.01 |
| Take-Home Pay | $45,646.14 | $3,803.85 |
Property Tax in New York City
Median Home
$680,000
Annual Tax
$5,984
Monthly Tax
$499
Effective Rate
0.88%
Sales Tax in New York City
Combined Rate
8.88%
State Portion
~6.4%
Local Portion
~2.5%
The combined sales tax rate in New York City is 8.88%, which is above the national average of 7.12%. On a $100 purchase, you would pay $8.88 in sales tax.
Tax Burden Comparison
| Tax Type | New York City | New York Avg | National Avg |
|---|---|---|---|
| Income Tax | 10.9% + 3.876% | 10.9% | 4.6% |
| Property Tax | 0.88% | ~0.88% | 1.1% |
| Sales Tax | 8.88% | ~8.88% | 7.12% |
| Overall Burden | Very High | — | Moderate |
Tax Saving Tips for New York City Residents
- New York's income tax rate of 10.9% is above average. Maximize pre-tax retirement contributions (401k up to $23,500, IRA up to $7,000) to reduce both federal and state taxable income.
- New York City has a local income tax of 3.876%. If you work remotely, verify whether you owe city tax based on where you work or where you live. Some cities only tax people who work within city limits.
- Property tax in New York City (0.88%) is below the national average of 1.1%. This makes homeownership more affordable here relative to property tax burden.
- The combined sales tax rate of 8.88% is relatively high. Consider making large purchases in lower-tax jurisdictions or online retailers that do not charge local tax rates.
- Use a Health Savings Account (HSA) if eligible. Contributions are tax-deductible ($4,300 individual, $8,550 family), growth is tax-free, and withdrawals for medical expenses are tax-free.
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See detailed state tax brackets, FICA breakdown, and compare to neighboring states.
Frequently Asked Questions
What are the tax rates in New York City, NY?
New York City, New York has a state income tax rate up to 10.9%, plus a local income tax of 3.876%. The property tax rate is 0.88% and the combined sales tax rate is 8.88%. NYC imposes a separate city income tax ranging from 3.078% to 3.876%; metro commuter tax also applies
How much is property tax in New York City?
The effective property tax rate in New York City is 0.88%. On the median home price of $680,000, this equals approximately $5,984 per year or $499 per month. This is below the national average of 1.1%.
What is the sales tax rate in New York City?
The combined sales tax rate in New York City is 8.88%, which includes both state and local components. This is above the national average combined rate of approximately 7.12%.
How does New York City's tax burden compare to other cities?
New York City has a very high overall tax burden. The effective total tax rate for a median-income household is approximately 38%. The combination of 10.9% state income tax, 0.88% property tax, and 8.88% sales tax determines the total burden. Cost of living index is 187.2 (100 = national average).
Are there any local taxes in New York City?
Yes. New York City imposes a local income tax of 3.876% in addition to the state income tax of 10.9%. NYC imposes a separate city income tax ranging from 3.078% to 3.876%; metro commuter tax also applies