11224 Property Tax Rate

Property owners in ZIP code 11224 (Brooklyn, New York) pay a median of $5,259/year in property taxes on homes valued at $512,900. This translates to an effective tax rate of 1.03%, which is 44% below the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 11224 is approximately $438, which factors into escrow payments on mortgages. This ZIP code is located within Kings County.

Compared to similar ZIP codes in New York, 11224 has higher property taxes. ZIP codes with similar effective rates include 10457 (1.03%) and 11694 (1.03%).

In Brooklyn, property taxes represent approximately 12.7% of the median household income of $41,449, providing context for the relative tax burden on homeowners in this area.

New York has no statewide property tax cap; Kings County (Brooklyn) properties are reassessed on the four-year rolling valuation cycle without annual increase limits. Kings County primary residence owners with household income ≤$500,000 qualify for Basic STAR, which exempts a portion of assessed value from school taxes — enroll through the NYC Department of Finance or your school district. Apply for STAR within 30 days of closing by visiting nyc.gov/finance or calling 311 to ensure the exemption applies to your next tax bill and claim significant annual school tax savings.