12485 Property Tax Rate

Property owners in ZIP code 12485 (Tannersville, New York) pay a median of $5,083/year in property taxes on homes valued at $385,400. This translates to an effective tax rate of 1.32%, which is 29% below the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 12485 is approximately $424, which factors into escrow payments on mortgages. This ZIP code is located within Greene County.

Compared to similar ZIP codes in New York, 12485 has lower property taxes. ZIP codes with similar effective rates include 12512 (1.32%) and 12032 (1.32%).

In Tannersville, property taxes represent approximately 5.9% of the median household income of $85,455, 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.