14867 Property Tax Rate

Property owners in ZIP code 14867 (Newfield, New York) pay a median of $4,046/year in property taxes on homes valued at $163,800. This translates to an effective tax rate of 2.47%, which is 34% above the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 14867 is approximately $337, which factors into escrow payments on mortgages. This ZIP code is located within Tompkins County. This is $1,206 less than the New York average of $5,252/year.

Compared to similar ZIP codes in New York, 14867 has higher property taxes. ZIP codes with similar effective rates include 13140 (2.47%) and 12720 (2.47%).

In Newfield, property taxes represent approximately 6.0% of the median household income of $67,644, 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.