12463 Property Tax Rate

Property owners in ZIP code 12463 (Palenville, New York) pay a median of $3,884/year in property taxes on homes valued at $246,900. 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 12463 is approximately $324, which factors into escrow payments on mortgages. This ZIP code is located within Greene County. This is $1,368 less than the New York average of $5,252/year.

Compared to similar ZIP codes in New York, 12463 has lower property taxes. ZIP codes with similar effective rates include 11788 (1.57%) and 12455 (1.57%).

In Palenville, property taxes represent approximately 8.4% of the median household income of $45,993, 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.