What is the property tax rate in Binghamton, NY?

Binghamton has an estimated effective property tax rate of 3.00%. On a median home valued at $117,400, homeowners pay approximately $3,519 per year in property taxes.

How does Binghamton compare to Broome County?

Binghamton's effective rate of 3.00% is 19% higher than the Broome County average of 2.52%. The county-wide median annual tax is $3,902, while Binghamton homeowners pay an estimated $3,519.

How much are property taxes in Binghamton on a $300,000 home?

Based on Binghamton's effective rate of 3.00%, property taxes on a $300,000 home would be approximately $9,000 per year, or about $750 per month.

Binghamton Property Tax Rate

Broome County, New York

3.00%effective rate

Binghamton is located in Broome County, New York. Homeowners in Binghamton pay a median of $3,519 per year in property taxes on a home valued at $117,400, resulting in an effective tax rate of 3.00%. This is 19% higher than the Broome County average of 2.52%.

Effective Tax Rate🏠

3.00%

vs 2.52% county avg

Est. Annual Tax💰

$3,519

Per year

Median Home Value📊

$117,400

2024 estimate

Population📍

47,357

Binghamton, NY

How Binghamton Compares

Binghamton

3.00%

Broome County Average

2.52%

New York Average

1.55%

National Average

0.92%

About Property Taxes in Binghamton

Property taxes in Binghamton are collected by Broome County. Tax exemptions available to Broome County residents — including homestead, senior, and disability exemptions — also apply to homeowners in Binghamton. For detailed information on available exemptions and the county tax collector, see the Broome County property tax page.

Property Tax Calculator

Estimate your annual property tax in Binghamton

Home Value

$50k$2M

Apply homestead exemption ($100,000 school tax reduction)

Estimated Annual Property Tax

$9,000

$750/month · Rate: 3.00%

Broome County Property Taxes

County-level data, exemptions, historical trends, and tax collector info.

View county details →

New York Property Taxes

Statewide rates, all 62 counties, and exemptions.

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Think your property tax is too high?

Homeowners save an average of $1,148/year by appealing their assessment.

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Frequently Asked Questions

Data Source: U.S. Census Bureau, 2024 American Community Survey 5-Year Estimates. City-level tax data is derived from Census place-level statistics. Effective tax rates are calculated by dividing median real estate taxes paid by median home value. Actual property tax rates may vary based on local taxing jurisdictions, exemptions, and assessment practices. This information is for general reference only and should not be used as a substitute for professional tax advice.