What year is it now in Israel?

Answer 1

Israel operates according to the Gregorian Calendar, so, like nearly every other country, it is currently 2012. Jewish observances, however, are regulated by the Jewish Calendar and it is currently 5772 on that calendar.

Answer 2

Now (summer of 2014) the year is 5774 on the Jewish ritual calendar, wherever Jews are when they consult it or refer to it. However, unlike Thailand or UAE which actually report the date on a normal basis using a system different than the Gregorian Calendar (Thailand uses the Buddhist calendar and UAE uses the Islamic Calendar), Israel uses the Gregorian Calendar except for holidays or religious commemorations (such as a Yahrzeit).

Answer:

The year is 5774. In Israel the Gregorian and Hebrew calendars are both used and are legal for reference in banking, law offices, etc.