Taxes in Niagara Falls, New York
Complete tax guide for Niagara Falls, NY. State income tax up to 6.85%, 1.61% property tax, 6.3% sales tax. Calculate your total tax burden.
State Income Tax
6.85%
New York
Property Tax
1.61%
Effective rate
Sales Tax
6.3%
Combined rate
Tax Burden
Very High
Niagara Falls, NY Tax Overview
Population
48,671
Median Income
$72,000
Cost of Living
134.2 (100 = avg)
State Income Tax
6.85%
Local Income Tax
2.64%
Median Home Price
$395,000
Niagara Falls Tax Calculator
Pre-filled with Niagara Falls median: $72,000
Total Tax Burden in Niagara Falls
$19,795
Take-Home: $52,205 · Effective Rate: 27.49%
Federal Tax
$7,454
10.35% eff.
NY State + Local
$6,833
9.49% eff.
FICA
$5,508
7.65% eff.
Take-Home
$52,205
72.51% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $72,000.00 | $6,000.00 |
| Federal Income Tax | -$7,454.00 | -$621.17 |
| New York State Tax | -$4,932.00 | -$411.00 |
| Niagara Falls Local Tax (2.64%) | -$1,900.80 | -$158.40 |
| Social Security (6.2%) | -$4,464.00 | -$372.00 |
| Medicare (1.45%) | -$1,044.00 | -$87.00 |
| Take-Home Pay | $52,205.20 | $4,350.43 |
Property Tax in Niagara Falls
Median Home
$395,000
Annual Tax
$6,360
Monthly Tax
$530
Effective Rate
1.61%
Sales Tax in Niagara Falls
Combined Rate
6.3%
State Portion
~3.8%
Local Portion
~2.5%
The combined sales tax rate in Niagara Falls is 6.3%, which is below the national average of 7.12%. On a $100 purchase, you would pay $6.30 in sales tax.
Tax Burden Comparison
| Tax Type | Niagara Falls | New York Avg | National Avg |
|---|---|---|---|
| Income Tax | 6.85% + 2.64% | 6.85% | 4.6% |
| Property Tax | 1.61% | ~1.61% | 1.1% |
| Sales Tax | 6.3% | ~6.3% | 7.12% |
| Overall Burden | Very High | — | Moderate |
Tax Saving Tips for Niagara Falls Residents
- New York's income tax rate of 6.85% 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.
- Niagara Falls has a local income tax of 2.64%. 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 Niagara Falls (1.61%) is above the national average. Check if you qualify for homestead exemptions or assessment appeals to reduce your property tax bill.
- 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 Niagara Falls, NY?
Niagara Falls, New York has a state income tax rate up to 6.85%, plus a local income tax of 2.64%. The property tax rate is 1.61% and the combined sales tax rate is 6.3%.
How much is property tax in Niagara Falls?
The effective property tax rate in Niagara Falls is 1.61%. On the median home price of $395,000, this equals approximately $6,360 per year or $530 per month. This is above the national average of 1.1%.
What is the sales tax rate in Niagara Falls?
The combined sales tax rate in Niagara Falls is 6.3%, which includes both state and local components. This is below the national average combined rate of approximately 7.12%.
How does Niagara Falls's tax burden compare to other cities?
Niagara Falls has a very high overall tax burden. The effective total tax rate for a median-income household is approximately 35.4%. The combination of 6.85% state income tax, 1.61% property tax, and 6.3% sales tax determines the total burden. Cost of living index is 134.2 (100 = national average).
Are there any local taxes in Niagara Falls?
Yes. Niagara Falls imposes a local income tax of 2.64% in addition to the state income tax of 6.85%.