13045 Property Tax Rate

Property owners in ZIP code 13045 (Cortland, New York) pay a median of $4,421/year in property taxes on homes valued at $162,700. This translates to an effective tax rate of 2.72%, which is 47% above the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 13045 is approximately $368, which factors into escrow payments on mortgages. This ZIP code is located within Cortland County. This is $831 less than the New York average of $5,252/year.

Compared to similar ZIP codes in New York, 13045 has lower property taxes. ZIP codes with similar effective rates include 13205 (2.72%) and 14550 (2.72%).

In Cortland, property taxes represent approximately 6.6% of the median household income of $67,028, providing context for the relative tax burden on homeowners in this area.

New York has no statewide property tax cap; Cortland County is a higher-rate jurisdiction where assessments are revalued on a periodic schedule with no reset at sale. Apply for STAR (School Tax Relief) with the Cortland County Assessor if household income is ≤$500,000 to reduce school taxes by approximately $350–$500 annually. Submit your application by March 15 following purchase and obtain your initial tentative assessment from the county to establish a baseline.