13850 Property Tax Rate

Property owners in ZIP code 13850 (Vestal, New York) pay a median of $4,780/year in property taxes on homes valued at $185,700. This translates to an effective tax rate of 2.57%, which is 40% above the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 13850 is approximately $398, which factors into escrow payments on mortgages. This ZIP code is located within Broome County. This is $472 less than the New York average of $5,252/year.

Compared to similar ZIP codes in New York, 13850 has higher property taxes. ZIP codes with similar effective rates include 13692 (2.57%) and 13662 (2.57%).

In Vestal, property taxes represent approximately 5.9% of the median household income of $81,627, providing context for the relative tax burden on homeowners in this area.

New York has no statewide property tax cap; assessments are conducted by town assessors at intervals set by each municipality. Broome County primary homebuyers earning under $500,000 must enroll in STAR (School Tax Relief) to exempt a percentage of assessed value from school taxes, potentially saving $300–$600/year in this lower-value market. File your STAR application with the Broome County Assessor's office before the March 1 deadline to receive benefits on your next tax bill.