11234 Property Tax Rate

Property owners in ZIP code 11234 (Brooklyn, New York) pay a median of $6,520/year in property taxes on homes valued at $746,800. This translates to an effective tax rate of 0.87%, which is 53% below the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 11234 is approximately $543, which factors into escrow payments on mortgages. This ZIP code is located within Kings County. This is $1,268 more than the New York average of $5,252/year.

Compared to similar ZIP codes in New York, 11234 has higher property taxes. ZIP codes with similar effective rates include 11361 (0.87%) and 11023 (0.87%).

In Brooklyn, property taxes represent approximately 6.9% of the median household income of $94,434, 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.