10940 Property Tax Rate
Middletown, New York · Part of Orange County
Effective Tax Rate
2.25%
29.4% above state avgMedian Annual Tax
$6,795
$566/mo escrow
Estimate Your Tax
Annual Tax
$6,795
Monthly
$566
Eff. Rate
2.25%
Buyer decision brief
What ZIP 10940 means for your housing budget
Use this ZIP page to compare recurring tax burden before you compare listing prices. The numbers below are Census ZCTA estimates, so they are strongest for neighborhood comparison and weakest for parcel-specific tax planning.
Monthly escrow signal
$566/mo
Based on median annual tax paid
State context
0.41 percentage points above the New York average
New York average: 1.85%
Data confidence
High confidenceThe Census margin of error is $279, about 4% of the median tax estimate.
Verify before you offer
- Confirm parcel assessed value with Orange County assessor.
- Check homestead, senior, veteran, and disability exemptions.
- Ask whether purchase triggers reassessment or value-cap reset.
- Review school district and special assessment boundaries.
Lower-rate similar ZIPs
This is informational content, not tax, legal, or mortgage advice. Local assessor records remain the source of truth for a specific property.
Data confidence ledger
Can you trust ZIP 10940 for comparison?
ACS vintage
2019-2023 ACS 5-Year Estimates
Five-year Census ZCTA estimates.
ZCTA caveat
Census area, not parcel boundary
USPS ZIP routes and taxing districts can differ inside the same area.
Field completeness
3/3 required fields
Median tax, home value, and derived rate are present.
MOE status
Strong ACS confidence
$279 tax MOE, 4% of the median tax estimate.
Last site refresh
March 10, 2026
Dataset and page-quality audit run locally before publication.
County fallback
County advisory available
Orange County is used for assessor verification and broader context.
Tax bill anatomy
What can change your actual bill in ZIP 10940
Use the ZIP estimate to compare neighborhoods, then verify these parcel-level inputs before relying on a payment estimate.
Assessed value
The ZCTA median home value is $301,400, but your bill starts with the local assessed value for a specific parcel.
Effective rate
The displayed rate is 2.25%, derived from median tax paid divided by median home value.
Exemptions
Homestead, senior, veteran, disability, and local exemptions can reduce taxable value. Confirm eligibility before estimating escrow.
Reassessment
A purchase can change assessed value depending on New York and county rules. Ask how sale price affects the next assessment cycle.
Escrow impact
The median tax paid in this ZCTA equals about $566 per month before insurance, HOA dues, or special assessments.
Assessor verification
Orange County assessor or tax collector records are the source of truth for parcel taxes, appeal windows, and exemptions.
How ZIP 10940 Compares
Median Annual Property Tax
ZIP 10940
2.25%
Effective rate
New York Avg
1.85%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in New York
Higher than 71% of ZIP codes in New York(71th percentile, 1,598 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 10940
Property owners in ZIP code 10940 (Middletown, New York) pay a median of $6,795/year in property taxes on homes valued at $301,400. This translates to an effective tax rate of 2.25%, which is 22% above the New York state average of 1.85%.
The monthly property tax burden for a median-valued home in 10940 is approximately $566, which factors into escrow payments on mortgages. This ZIP code is located within Orange County. This is $1,543 more than the New York average of $5,252/year.
Compared to similar ZIP codes in New York, 10940 has higher property taxes. ZIP codes with similar effective rates include 14422 (2.25%) and 12540 (2.25%).
In Middletown, property taxes represent approximately 7.8% of the median household income of $87,198, providing context for the relative tax burden on homeowners in this area.
New York has no statewide property tax cap; assessments adjust annually based on local revaluation cycles and market conditions. Orange County primary residence owners earning ≤$500,000 benefit from the STAR exemption, which removes thousands from school tax calculations — submit your application to Orange County schools or the Orange County Assessor's office by the annual March 15 deadline. Contact the Orange County Assessor immediately post-closing to register your ownership and confirm STAR eligibility, as the exemption can save $500–$1,000+ annually depending on your assessed value.
Frequently Asked Questions
What is the property tax rate in ZIP code 10940?
How much are property taxes in Middletown, NY (10940)?
How does ZIP 10940 compare to the New York average?
What is the median home value in ZIP 10940?
What county is ZIP code 10940 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$279. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 10940 is part of Orange County, New York. View the full county profile for broader context and more data.
View Orange County on TaxByCounty →Explore Middletown, NY
View all 2 ZIP codes in Middletown with property tax comparisons.
View Middletown Property Tax Rates →Why compare these ZIPs?
Better comparison set for ZIP 10940
Each ZIP highlights a homebuyer tradeoff: lower rate, stronger value context, shared county rules, city boundary changes, or nearby missing data.
10941
Middletown, NY
0.05 percentage points lower than ZIP 10940.
Rate
2.20%
Tax
$7,166
Quality
96
12729
Cuddebackville, NY
0.93 percentage points lower than ZIP 10940.
Rate
1.33%
Tax
$3,936
Quality
74
10987
Tuxedo Park, NY
0.79 percentage points lower than ZIP 10940.
Rate
1.46%
Tax
$10,001
Quality
77
12746
Huguenot, NY
0.71 percentage points lower than ZIP 10940.
Rate
1.55%
Tax
$3,327
Quality
78
10917
Central Valley, NY
0.45 percentage points lower than ZIP 10940.
Rate
1.81%
Tax
$10,001
Quality
77
10950
Monroe, NY
0.42 percentage points lower than ZIP 10940.
Rate
1.83%
Tax
$8,419
Quality
89
10973
Slate Hill, NY
0.27 percentage points lower than ZIP 10940.
Rate
1.99%
Tax
$7,544
Quality
84
10958
New Hampton, NY
0.26 percentage points lower than ZIP 10940.
Rate
2.00%
Tax
$7,382
Quality
89
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.