Property Tax & Income in Tompkins County, New York
Tompkins County has an effective property tax rate of 2.24%. On the median home value of $290,900, that's roughly $6,515 per year. Median household income is $74,024.
What you'll pay, at a glance
Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.
| Metric | Tompkins County | New York (state context) |
|---|---|---|
| Effective property tax rate1 | 2.24% | 2.04% |
| Median home value1 | $290,900 | — |
| State income tax3 | top rate 10.90% | top rate 10.90% |
| State sales tax3 | 8.54% combined | 8.54% combined |
How this is calculated
The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.
About Tompkins County, NY
Buying a home in Tompkins County means weighing a median value of $290,900 against an effective property tax rate of 2.240% — noticeably higher than New York's statewide median of 2.040%, and well above the national figure of 0.794%. That rate translates into a median annual tax bill of $6,515, a real cost to factor into any budget. Against a median household income of $74,024, the tax alone absorbs nearly nine cents of every dollar earned, before mortgage principal and interest enter the picture. Per-capita income sits at $41,808. The county ranks 22nd of 62 in New York for property tax rate, so it falls in the upper-middle tier statewide. Ithaca, the largest community here alongside Etna and Freeville, anchors much of the local housing market. Prospective buyers should plan carefully, since both purchase prices and ongoing tax obligations run above average.