Gera Tools

New York Homestead Exemption 2025 — How the Property-Tax Benefit Works

Understand the New York homestead exemption and estimate your property tax with the New York median effective rate. Instant, in your browser.

Free New York homestead exemption calculator for 2025. Enter a home value to estimate annual property tax using the New York median effective rate of 1.55% (U.S. Census/WalletHub 2026) and how New York's homestead relief works (set locally / income-based). Runs entirely in your browser; no data sent to any server. It runs free in your browser on Gera Tools, with nothing uploaded.

Last updated Source: Gera Tools

How does the New York homestead benefit work?

New York's STAR benefit reduces SCHOOL taxes only (a credit/exemption that varies by income and locality); Basic STAR is not a fixed assessed-value homestead. Because there is no single statewide dollar figure, the exact saving depends on your jurisdiction or income, so this tool estimates the bill at the New York median effective rate and links the New York State Department of Taxation and Finance for your specifics.

New York Homestead Exemption Calculator 2025

A homestead exemption lowers the property tax on your primary residence. New York’s median effective property-tax rate is 1.55% of home value — on the New York median home ($424,600) that is about $6,582 a year (WalletHub ‘Property Taxes by State in 2026’ (U.S. Census Bureau ACS, collected 2026-01-29)).

How the benefit works: New York’s STAR benefit reduces SCHOOL taxes only (a credit/exemption that varies by income and locality); Basic STAR is not a fixed assessed-value homestead. Because there is no single statewide figure, the calculator estimates your bill at the New York median effective rate and explains the rule rather than inventing a saving.

Enter your home value below. The estimate uses the New York median effective rate, so it is a starting point — your actual bill depends on your county’s millage and assessment. Senior, veteran and disability relief is additional. Everything runs in your browser; no value or personal data is transmitted.

Verify with the authority: confirm the current homestead rules and your local rate with the New York State Department of Taxation and Finance.