13901 Property Tax Rate

Property owners in ZIP code 13901 (Binghamton, New York) pay a median of $3,300/year in property taxes on homes valued at $152,800. This translates to an effective tax rate of 2.16%, which is 17% above the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 13901 is approximately $275, which factors into escrow payments on mortgages. This ZIP code is located within Broome County. This is $1,952 less than the New York average of $5,252/year.

Compared to similar ZIP codes in New York, 13901 has lower property taxes. ZIP codes with similar effective rates include 11776 (2.16%) and 12723 (2.16%).

In Binghamton, property taxes represent approximately 6.1% of the median household income of $54,165, 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.