New York Tax Overview
New York has a nine-bracket progressive income tax with a top rate of 10.9% on income over $25 million. New York City residents face an additional city income tax of up to 3.876%, making the combined top rate nearly 14.8%. The state does not tax Social Security benefits and offers a standard deduction of $8,000 for single filers.
New York Tax Quick Facts (2026)
| Income Tax | progressive (top rate: 10.9%) |
| Sales Tax (State) | 4.00% |
| Property Tax (Avg Effective) | 1.46% |
| Median Household Income | $75,157 |
| Capital | Albany |
| Population | 19.5 million |
New York Income Tax Brackets (2026)
| Income Range | Tax Rate |
|---|---|
| $0 — $8,500 | 4.00% |
| $8,500 — $11,700 | 4.50% |
| $11,700 — $13,900 | 5.25% |
| $13,900 — $80,650 | 5.50% |
| $80,650 — $215,400 | 6.00% |
| $215,400 — $1,077,550 | 6.85% |
| $1,077,550 — $5,000,000 | 9.65% |
| $5,000,000 — $25,000,000 | 10.30% |
| $25,000,000+ | 10.90% |
Frequently Asked Questions About New York Taxes
Does New York have a state income tax?+
Yes, New York has a progressive income tax system with a top marginal rate of 10.9%.
What is the property tax rate in New York?+
The average effective property tax rate in New York is approximately 1.46% of assessed home value. On a $300,000 home, that is about $4,380 per year.
What is the sales tax rate in New York?+
The state sales tax rate in New York is 4.00%. Local jurisdictions may add additional sales tax.
What is the median household income in New York?+
The median household income in New York is approximately $75,157 per year.
How does New York's tax burden compare to other states?+
New York's total tax burden depends on income tax, property tax, and sales tax combined. Use the calculator above to compare your specific situation.
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James Whitfield, CPA, MST
James Whitfield is a Certified Public Accountant with a Master of Science in Taxation. He specializes in US federal and state tax calculations and ensures all tax-related tools meet current IRS guidelines. Last updated: April 2026. Uses 2026 tax year data from state revenue departments and IRS publications.