12953 Property Tax Rate

Property owners in ZIP code 12953 (Malone, New York) pay a median of $2,641/year in property taxes on homes valued at $123,100. This translates to an effective tax rate of 2.15%, which is 16% above the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 12953 is approximately $220, which factors into escrow payments on mortgages. This ZIP code is located within Franklin County. This is $2,611 less than the New York average of $5,252/year.

Compared to similar ZIP codes in New York, 12953 has lower property taxes. ZIP codes with similar effective rates include 12068 (2.15%) and 13411 (2.15%).

In Malone, property taxes represent approximately 4.1% of the median household income of $64,673, providing context for the relative tax burden on homeowners in this area.

New York has no statewide property tax cap; Franklin County reassesses on its local schedule, and property purchase does not automatically reset the assessment. File for STAR (School Tax Relief) with the Franklin County Assessor if household income is ≤$500,000 to reduce school taxes by approximately $300–$500 annually. Submit your application by March 15 following purchase; if age 65+, inquire about Enhanced STAR eligibility for additional savings.