State Summary

• Tax Collection Method: Primarily, deeds. Liens are sold to individual investors in Nassau County. New York City counties sell liens but not to individual investors
• Tax Collection Entity: Real Property Tax Services or Treasurer's Office
• Property/Tax Records Administrator: Assessor or Assessing Department
• Taxes Due: January 31. If the New York county allows taxpayers to pay in two equal installments, the due date for the first payment cannot be later than February 1 and the due date for the second payment cannot be later than August 1
• Taxes Delinquent: Property tax payments become delinquent one day after the due date
• Tax Sale Date/Period: Many New York counties hold tax sales in April or August
• Tax Sale Registration Requirements: Varies
• Tax Sale Administrator: Real Property Tax Services or private auctioneers
• Primary Bidding Type: Premium
• Redemption Period: Not applicable for deeds;  2 years for liens
• Redemption Interest Rate/Flat Penalty: Not applicable for deeds; 12% or more simple interest per annum for liens
• Over-the-Counter Sales Opportunities: Some New York counties sell over the counter tax deeds

New York is a tax deed state. However, some counties, like Nassau County and the counties around New York City, also sell tax liens. The Real Property Tax Services Office often conducts tax deed auctions in New York counties. Third-party auctioneers also conduct tax lien and tax deed auctions. A typical county requires 10% of the total tax lien certificate/tax deed amount on the day of the sale, with the remaining balance due approximately 30 days after the sale. The "earnest money" due on the day of the sale and "closing date" will vary depending on the county and on the amount of the tax lien certificate or tax deed. Some counties also charge a 10% buyer's premium.

New York County Reference