12023 Property Tax Rate

Property owners in ZIP code 12023 (Berne, New York) pay a median of $5,145/year in property taxes on homes valued at $261,900. This translates to an effective tax rate of 1.96%, which is 6% above the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 12023 is approximately $429, which factors into escrow payments on mortgages. This ZIP code is located within Albany County.

Compared to similar ZIP codes in New York, 12023 has higher property taxes. ZIP codes with similar effective rates include 11742 (1.96%) and 12582 (1.96%).

In Berne, property taxes represent approximately 4.4% of the median household income of $115,658, providing context for the relative tax burden on homeowners in this area.

New York has no statewide property tax cap; Albany County reassesses properties annually based on comparable sales and local budget cycles. Albany County primary residence owners with household income ≤$500,000 qualify for STAR, reducing school taxes by exempting thousands from your assessed value — apply through Albany County schools or the Albany County Assessor's office by the March 15 deadline. After closing, file your STAR application immediately with the Albany County Assessor (518-447-7520) to activate the exemption on your first tax bill and capture substantial school tax savings.