Calculate your New York mortgage payment with state-specific property tax rates (1.72% average), state income tax (4-10.9%), and 2026 conforming loan limits.
NY average: 1.72% (varies significantly by county)
NYC metro counties have higher limits due to high home values. Upstate NY follows standard limits ($806,500).
New York has a progressive income tax with rates from 4% to 10.9%:
New York has some of the highest property taxes in the nation:
New York has high property taxes due to high local government spending, excellent public schools, and extensive services. The average effective rate is 1.72%, among the highest in the nation. Suburban counties like Nassau and Suffolk have rates over 2.0%.
Yes. NYC residents pay city income tax (3.078% - 3.876%) on top of state and federal taxes. Combined with state tax (up to 10.9%) and federal tax, high earners in NYC can pay over 50% in total income taxes.
The STAR (School Tax Relief) program reduces school property taxes for eligible homeowners. Basic STAR is available to all homeowners with income under $500,000. Enhanced STAR is for seniors (65+) with income under $92,000. Savings range from $200-$700+ per year.
Yes, New York offers several programs through SONYMA (State of New York Mortgage Agency). These include low-interest rates, down payment assistance (up to 10% of loan amount), and special programs for NYC buyers. Eligibility depends on income and home price limits.
NYC metro counties have higher conforming loan limits due to high home values. For 2026, the limit is $1,209,750 for a single-family home in NYC, compared to $806,500 in most other areas. This makes jumbo loans less common in NYC.