14886 Property Tax Rate

Property owners in ZIP code 14886 (Trumansburg, New York) pay a median of $5,340/year in property taxes on homes valued at $243,500. This translates to an effective tax rate of 2.19%, which is 19% above the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 14886 is approximately $445, which factors into escrow payments on mortgages. This ZIP code is located within Tompkins County.

Compared to similar ZIP codes in New York, 14886 has lower property taxes. ZIP codes with similar effective rates include 10509 (2.19%) and 13034 (2.19%).

In Trumansburg, property taxes represent approximately 6.6% of the median household income of $80,446, 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.