12861 Property Tax Rate

Property owners in ZIP code 12861 (Putnam Station, New York) pay a median of $3,773/year in property taxes on homes valued at $264,700. This translates to an effective tax rate of 1.43%, which is 23% below the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 12861 is approximately $314, which factors into escrow payments on mortgages. This ZIP code is located within Washington County. This is $1,479 less than the New York average of $5,252/year.

Compared to similar ZIP codes in New York, 12861 has lower property taxes. ZIP codes with similar effective rates include 12985 (1.43%) and 11548 (1.43%).

In Putnam Station, property taxes represent approximately 3.8% of the median household income of $98,125, providing context for the relative tax burden on homeowners in this area.

New York has no statewide property tax cap; Washington County reassesses properties based on comparable sales and local tax needs without annual ceilings. Washington County primary residence owners earning ≤$500,000 qualify for the STAR program, reducing school property taxes by exempting a set amount from assessed value — apply through Washington County schools or the Washington County Assessor's office by March 15. Contact the Washington County Assessor (518-746-2510) within 30 days of closing to register your purchase and file STAR to activate your school tax exemption.