When are the semi-annual tax bills issued?

The semi-annual tax bills in New York City are issued on the 1st of July and January. This timing is critical for property owners as it aligns with the fiscal planning and budget cycles of the city. By issuing the bills at these intervals, the city ensures that property owners have a clear time frame for when their taxes are due, which plays a significant role in local revenue generation and planning for public services.

In July, property owners receive their bill for the first half of the year, while in January, they are billed for the second half. This biannual schedule helps the city manage cash flow and provide services without interruption. Understanding this schedule is essential for property owners to timely budget for their upcoming tax obligations and avoid any penalties for late payments.