12946 Property Tax Rate

Property owners in ZIP code 12946 (Lake Placid, New York) pay a median of $5,296/year in property taxes on homes valued at $443,800. This translates to an effective tax rate of 1.19%, which is 35% below the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 12946 is approximately $441, which factors into escrow payments on mortgages. This ZIP code is located within Essex County.

Compared to similar ZIP codes in New York, 12946 has higher property taxes. ZIP codes with similar effective rates include 14210 (1.19%) and 13326 (1.20%).

In Lake Placid, property taxes represent approximately 6.8% of the median household income of $78,261, providing context for the relative tax burden on homeowners in this area.

New York has no statewide property tax cap; Essex County (in the Adirondacks) assesses properties independently with reassessment occurring periodically, not at sale. Homeowners earning ≤$500,000 qualify for STAR (School Tax Relief) through the Essex County Assessor, reducing school taxes by $200–$400 annually. Submit your STAR application by March 15 following purchase; with Essex County's lower median home value, verify whether you also qualify for the Senior STAR (Enhanced STAR) program if age 65+.