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.
• 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

The following information summarizes the life cycle, requirements, and administering of tax liens in the state of New York. Please read this information carefully. There are tax collection laws that pertain to all counties in New York, but be aware that there are subtle differences between the counties as well. When the word "typical" is used in the FAQs below, it indicates that most counties use this procedure/follow this convention, but not all counties.

Is New York a tax lien or a tax deed state?
New York is a tax deed state. However, some counties, like Nassau County and the counties around New York City, also sell tax liens.

What is the name of the county office that typically collects property taxes in New York?
In most counties, the Real Property Tax Services Office collects property taxes. In a few counties, the Treasurer's Office collects property taxes.

When are property taxes due in the state of New York?
Property taxes are due January 31. By law, New York counties may offer taxpayers the option in paying in two installments. If a county uses a two-installment plan, the due date for the first payment cannot be any later than February 1, and the due date for the second payment cannot be any later than August 1.

When do property taxes become delinquent in the state of New York? 
Typically, property tax payments become delinquent the day after the due date. The interest charged on delinquent tax bills must not be less than 12% per annum (or 1% per month).

What is the name of the official or office whom typically conducts tax lien and tax deed sales in New York?
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.

When does the typical New York county hold their tax deed sale?
Many New York counties hold their tax lien or tax deed auctions either in April or August, but sales may be held at any time of the year.

What are the registration requirements for the typical New York tax deed sale?
Typically, bidders at a tax lien or tax deed sale can register up until the morning of the sale. Persons acting as representatives or agents for a business entity or another individual must provide documented proof that they have the power to bid on the entity's or individual's behalf.

What is the bidding type used at a typical New York tax deed sale?
Most counties hold public outcry premium bidding auctions. Some counties accept sealed bids.

What are the general terms of payment for the typical tax deed purchased at an New York tax deed sale?
Typically, New York counties accept cash, certified funds, or personal checks. Some counties also accept credit cards, usually charging a convenience fee for this service. 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.

What is the redemption period for tax liens?
Two years.

Are tax deeds offered "over-the-counter" in New York?
Some counties will sell "over-the-counter" tax deeds if available.

What is the name of the local official whom typically determines the values of properties on a annual basis?
Assessors, or Assessing Department.

For more information on delinquent real estate taxes and tax deeds in the state of New York, refer to the Laws of New York.


New York County Reference