13073 Property Tax Rate

Property owners in ZIP code 13073 (Groton, New York) pay a median of $3,905/year in property taxes on homes valued at $167,900. This translates to an effective tax rate of 2.33%, which is 26% above the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 13073 is approximately $325, which factors into escrow payments on mortgages. This ZIP code is located within Tompkins County. This is $1,347 less than the New York average of $5,252/year.

Compared to similar ZIP codes in New York, 13073 has lower property taxes. ZIP codes with similar effective rates include 14120 (2.33%) and 13652 (2.33%).

In Groton, property taxes represent approximately 5.5% of the median household income of $71,316, providing context for the relative tax burden on homeowners in this area.

New York has no statewide property tax cap; Tompkins County reassesses on a periodic cycle with no automatic adjustment at purchase—homeowners face moderate reassessment risk. Apply for STAR (School Tax Relief) with the Tompkins County Assessor if household income is ≤$500,000; eligible homeowners save $400–$700/year on school taxes. File by March 15 following purchase and request your tentative assessment to understand your tax trajectory in this college-town county.