12455 Property Tax Rate

Property owners in ZIP code 12455 (Margaretville, New York) pay a median of $3,456/year in property taxes on homes valued at $219,600. This translates to an effective tax rate of 1.57%, which is 15% below the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 12455 is approximately $288, which factors into escrow payments on mortgages. This ZIP code is located within Delaware County. This is $1,796 less than the New York average of $5,252/year.

Compared to similar ZIP codes in New York, 12455 has higher property taxes. ZIP codes with similar effective rates include 13757 (1.57%) and 11788 (1.57%).

In Margaretville, property taxes represent approximately 4.7% of the median household income of $74,271, providing context for the relative tax burden on homeowners in this area.

New York has no statewide property tax cap; Delaware County assessments are revalued on the town's reassessment cycle, with no automatic protection at sale. Delaware County residents earning ≤$500,000 qualify for STAR (School Tax Relief), which typically saves $300–$600/year on school taxes—apply at the Delaware County Assessor's office before March 15. Request a copy of your assessment from the Delaware County Assessor immediately after closing to verify the opening value and file a STAR application if eligible.