12701 Property Tax Rate

Property owners in ZIP code 12701 (Monticello, New York) pay a median of $4,477/year in property taxes on homes valued at $178,300. This translates to an effective tax rate of 2.51%, which is 36% above the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 12701 is approximately $373, which factors into escrow payments on mortgages. This ZIP code is located within Sullivan County. This is $775 less than the New York average of $5,252/year.

Compared to similar ZIP codes in New York, 12701 has lower property taxes. ZIP codes with similar effective rates include 14605 (2.51%) and 13148 (2.51%).

In Monticello, property taxes represent approximately 7.9% of the median household income of $56,601, providing context for the relative tax burden on homeowners in this area.

New York has no statewide property tax cap; Sullivan County assessments are revalued independently at set intervals with no automatic adjustment at purchase. Households earning ≤$500,000 should enroll in STAR (School Tax Relief) through the Sullivan County Assessor—this program reduces school taxes by $500–$800 annually for most homeowners. Submit your STAR application by March 15 following your purchase to qualify for the current school year.