12431 Property Tax Rate

Property owners in ZIP code 12431 (Freehold, New York) pay a median of $2,913/year in property taxes on homes valued at $257,900. This translates to an effective tax rate of 1.13%, which is 39% below the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 12431 is approximately $243, which factors into escrow payments on mortgages. This ZIP code is located within Greene County. This is $2,339 less than the New York average of $5,252/year.

Compared to similar ZIP codes in New York, 12431 has higher property taxes. ZIP codes with similar effective rates include 10451 (1.13%) and 10455 (1.13%).

In Freehold, property taxes represent approximately 3.3% of the median household income of $88,750, providing context for the relative tax burden on homeowners in this area.

New York has no statewide property tax cap; Greene County properties are reassessed based on market value and local revaluation cycles. Greene County primary residence owners earning ≤$500,000 automatically qualify for the STAR exemption, reducing school tax bills — confirm enrollment through Greene County schools or the Greene County Assessor's office. Contact the Greene County Assessor (518-943-1930) within 30 days of closing to register your purchase and verify STAR eligibility, ensuring the exemption applies to your next property tax bill.