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New York Income Tax Calculator — Updated 2026

New York (NY) · State tax: 6.85% · Property tax: 1.72%

New York levies a 6.85% state income tax, which applies on top of your federal tax obligations. This creates a combined marginal rate that directly reduces your take-home pay and affects retirement contribution decisions. The cost of living index in New York is 117, so your after-tax dollars buy less than average due to higher living costs. Use this calculator to estimate your total New York income tax liability for 2026, including applicable deductions and credits.

New York Financial Data (2026)

State Income Tax
6.85%
Property Tax Rate
1.72%
Median Home Price
$385,000
Annual Property Tax (median home)
$6,622
Avg Homeowners Insurance
$1,440/year
Cost of Living Index
117 (100 = avg)
State Estate Tax
Yes
State Abbreviation
NY