11954 Property Tax Rate

Property owners in ZIP code 11954 (Montauk, New York) pay a median of $6,585/year in property taxes on homes valued at $1,186,400. This translates to an effective tax rate of 0.56%, which is 70% below the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 11954 is approximately $549, which factors into escrow payments on mortgages. This ZIP code is located within Suffolk County. This is $1,333 more than the New York average of $5,252/year.

Compared to similar ZIP codes in New York, 11954 has higher property taxes. ZIP codes with similar effective rates include 11030 (0.56%) and 11238 (0.55%).

In Montauk, property taxes represent approximately 5.1% of the median household income of $129,375, providing context for the relative tax burden on homeowners in this area.

New York has no statewide property tax cap; Suffolk County reassesses properties based on market value and local tax needs with no annual ceiling. Suffolk County primary residence owners earning ≤$500,000 automatically qualify for STAR, which exempts a set amount from school taxes — confirm your eligibility by contacting Suffolk County schools or the Suffolk County Assessor's office. Register your new purchase with the Suffolk County Assessor within 30 days and apply for STAR to lock in your school tax exemption, potentially saving $500–$1,200 annually.