New York has a progressive income tax system with 9 brackets ranging from 4% to 10.9%. The top rate applies to income over $25,000,000. New York City residents also pay an additional city income tax.
Single filer, standard deduction, 2025 tax year. Take-home is after federal + state income tax (excludes FICA).
2025 Tax Brackets — Single Filer
Taxable Income
Rate
$0 – $8,500
4%
$8,500 – $11,700
4.5%
$11,700 – $13,900
5.25%
$13,900 – $80,650
5.5%
$80,650 – $215,400
6%
$215,400 – $1,077,550
6.85%
$1,077,550 – $5,000,000
9.65%
$5,000,000 – $25,000,000
10.3%
Over $25,000,000
10.9%
2025 Tax Brackets — Married Filing Jointly
Taxable Income
Rate
$0 – $17,150
4%
$17,150 – $23,600
4.5%
$23,600 – $27,900
5.25%
$27,900 – $161,550
5.5%
$161,550 – $323,200
6%
$323,200 – $2,155,350
6.85%
$2,155,350 – $5,000,000
9.65%
$5,000,000 – $25,000,000
10.3%
Over $25,000,000
10.9%
Tax Overview
New York's state income tax has progressive brackets reaching 10.9%. New York City residents pay an additional city income tax, making the combined state+city marginal rate the highest combined rate in the nation. Yonkers residents also pay a surcharge calculated as a percentage of their New York State tax.
Tax Planning Tip
If you work in NYC, the city income tax significantly increases your burden. Living outside the city (e.g., New Jersey, Connecticut, or Westchester) avoids the city income tax, but commuter taxes and higher property taxes may partially offset the savings.
New York does not tax Social Security benefits at the state level. New York City imposes an additional income tax on its residents, and Yonkers residents pay a surcharge on their state tax. NYS income tax (the state tax shown on this page) is separate from — and stacks on top of — any NYC or Yonkers local tax.
Property Tax & Cost of Living
Property Tax Rate
1.46%
$6,132/yr on $420,000 home
Cost of Living Index
107.9
7.900000000000006% above national average
Median Home Value
$420,000
Housing index: 122.2 (avg = 100)
Property tax rate is the state average effective rate. Actual rates vary by county. COL index from BEA Regional Price Parities by state (2024, all items; national average = 100).
