10461 Property Tax Rate

Property owners in ZIP code 10461 (Bronx, New York) pay a median of $6,141/year in property taxes on homes valued at $640,400. This translates to an effective tax rate of 0.96%, which is 48% below the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 10461 is approximately $512, which factors into escrow payments on mortgages. This ZIP code is located within Bronx County. This is $889 more than the New York average of $5,252/year.

Compared to similar ZIP codes in New York, 10461 has higher property taxes. ZIP codes with similar effective rates include 10312 (0.96%) and 11365 (0.96%).

In Bronx, property taxes represent approximately 9.4% of the median household income of $65,023, providing context for the relative tax burden on homeowners in this area.

New York has no statewide property tax cap; Bronx County assessments are determined locally and reassess at market value upon sale without guaranteed annual increase restrictions. The STAR (School Tax Relief) program provides tax savings for eligible primary residences — apply for Basic STAR if household income is ≤$500,000, or Enhanced STAR for seniors (65+) earning ≤$95,300 or disabled owners earning ≤$80,750. File your STAR exemption application with the Bronx County Assessor by March 1 to secure school tax reductions on your home.