Bills and Payments

Finance mails approximately one million Statements of Account each tax period for property in New York City.  The Statement is a useful source of information for payments, credits, balances due and other important items.  A convenient payment coupon is also included.

Taxpayers can use the coupon if they pay their property tax directly to Finance.  Owners who use a bank or mortgage company receive the Statement of Account for their information only.  No action needs to be taken.

Statement of Account
Here you can view statements about property charges.

Calculating Your Annual Tax Bill
See how Finance calculates your property taxes.

Due Dates
Payments are either due every six months (semi-annual) or three months (quarterly). It depends on the property’s assessed value. There are also discounts for early payment and a grace period may apply.

Outstanding Balances and Late Payments
Finance is required by law to charge interest on late payments. Property owners may pay back tax at any time in one full, or smaller partial payments. Past taxes may cause the property to be added either to a lien sale or an In Rem foreclosure after a legally specified amount of time.

Requirement to Pay Property Taxes by Electronic Funds Transfer (EFT)
By law, New York City property owners who have an annual tax liability of $300,000 or more must pay tax by Electronic Funds Transfer (EFT).

Other Agency Charges
Finance collects many bills, fees and charges issued by other City agencies. If you wish to challenge these charges, however, you must contact the original agency.

Contact Information
E-mail Property Tax Account Inquiries