New York Taxes 2025
Complete tax guide and OBBBA calculator for NY residents
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New York Tax Overview 2025
State Income Tax
4% - 10.9%
Graduated rate structure
Combined Sales Tax
8.52%
State 4.00% + Local 4.52%
Avg Property Tax
1.72%
Above average property taxes
💼 New York Income Tax 2025
New York has graduated income tax rates from 4% to 10.9%, plus NYC local tax up to 3.876%.
When filing your New York state tax return, your income tax liability depends on your taxable income and filing status. New York uses a graduated income tax structure.
New York Income Tax Quick Facts
🛒 New York Sales Tax 2025
New York's combined average sales tax rate is 8.52%, which includes both state and local components. The state sales tax rate is 4.00%, while local jurisdictions add an average of 4.52%.
Sales Tax Breakdown
💡 Tip: Local sales tax rates vary by city and county. Your actual rate may be higher or lower depending on where you shop.
🏠 New York Property Tax 2025
New York's average effective property tax rate is 1.72%. Above average property taxes.
Property taxes in New York are assessed at the local level by counties and municipalities. Rates can vary significantly between jurisdictions.
Example Annual Property Tax
| Home Value | Est. Annual Tax | Monthly |
|---|---|---|
| $250,000 | $4,300 | $358 |
| $400,000 | $6,880 | $573 |
| $600,000 | $10,320 | $860 |
OBBBA Tax Benefits for New York Residents
New York residents are major beneficiaries of the $40,000 SALT cap. NYC residents with high local income taxes see significant savings.
The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, introduced several new federal tax deductions that New York residents can claim starting with their 2025 tax returns.
Available OBBBA Deductions for NY Residents:
Calculate Your New York Tax Savings
Use our free OBBBA calculator to see exactly how much you could save on your 2025 federal taxes as a New York resident.
Calculate My SavingsHow New York Compares
| Tax Type | NY Rate | US Average | Comparison |
|---|---|---|---|
| Income Tax (Top Rate) | 4% - 10.9% | 5.1% | Varies |
| Sales Tax | 8.52% | 7.12% | Above Avg |
| Property Tax | 1.72% | 1.10% | Above Avg |
Frequently Asked Questions
What is the income tax rate in New York?
New York has a graduated income tax with rates of 4% - 10.9%. New York has graduated income tax rates from 4% to 10.9%, plus NYC local tax up to 3.876%.
What is the sales tax in New York?
The combined average sales tax rate in New York is 8.52%. This includes the state rate of 4.00% plus an average local rate of 4.52%.
How do OBBBA deductions benefit New York residents?
New York residents are major beneficiaries of the $40,000 SALT cap. NYC residents with high local income taxes see significant savings. New York residents can claim tips, overtime, auto loan interest, SALT, and senior bonus deductions on their federal returns.
When are New York taxes due?
For tax year 2025, New York state taxes are due on April 15, 2026, the same date as federal taxes. Extensions may be available if you need more time to file.