New York— Property Tax & Closing Costs
2024 Census dataEffective tax rate
1.72%
of assessed value annually
Median home value
$183,100
2024 ACS survey
Median taxes paid
$3,145/yr
2024 data
Delaware County's 1.72% effective property tax rate ranks 184th highest among the 3,134 US counties tracked, placing it in the top 10% highest nationally. Within New York's 62 counties, it's the 19th lowest. On the county's median home value of $183,100, the typical homeowner pays $3,145 annually in property tax — $1,516 more than the national median of $1,629. At closing, New York's 0.40% combined real estate transfer tax adds roughly $732 on a median-priced home, typically paid by the seller.
Calculate your true cost
Enter any purchase price to see the full cost breakdown for Delaware County.
County median: $183,100
Leave at $0 if the property has no homeowners association.
LTV: 80.00%
At closing
Monthly ongoing
Year one
Low flood risk. Flood insurance not typically required. Verify at msc.fema.gov for your specific property.
All figures are estimates for planning purposes only. Mortgage payment assumes a 30-year fixed rate of 6.8% — your lender will confirm the actual rate. Closing costs vary by lender and transaction. Consult a licensed real estate attorney and lender before making any financial decisions.
New York property tax exemptions
Ways buyers in Delaware County may reduce their annual property tax. These programs apply statewide; verify county specifics with your local assessor.
STAR (School Tax Relief)
Basic STAR exempts part of primary-residence assessed value from school tax for households with income up to $500,000 (savings $300-$1,200/yr). Enhanced STAR for homeowners 65+ with 2026 income up to $110,750 saves $650-$2,800/yr.
View official source →Senior Citizens Exemption
Locally adopted exemption reducing assessed value up to 50% for homeowners 65+. Income ceiling set by each municipality (state ceiling around $58,400 sliding scale). Stackable with Enhanced STAR.
View official source →Veterans Exemptions
Alternative, Eligible Funds, and Cold War veterans exemptions provide partial assessment reductions based on service and disability. Effective January 2, 2026, 100% service-connected disabled veterans receive a full property tax exemption on their primary residence.
View official source →NYC Class 1 Assessment Cap
NYC Class 1 (1-3 family) residential assessed values cannot rise more than 6% in any single year or 20% over any 5-year period.
View official source →Last verified 2026-04. Exemption amounts and eligibility change frequently — always confirm with your county assessor before claiming.
Frequently asked questions
Answers to common questions about buying a home in Delaware County.
The effective property tax rate in Delaware County is 1.72% — calculated as the median annual property tax paid ($3,145) divided by the median home value ($183,100), using 2024 US Census ACS 5-year estimates. Your actual bill depends on your purchase price, homestead or senior exemptions, and any special assessments applied in your taxing district.
New York's combined real estate transfer tax is approximately 0.40% of the purchase price. On the median Delaware County home value of $183,100, this adds roughly $732 at closing. NYS Real Estate Transfer Tax $2/$500 (0.4%) seller, rising to 0.65% on portion over $3M residential. NYC RPTT adds 1.0% (under $500k) or 1.425% (≥$500k), seller-paid. Buyer-paid 'mansion tax' 1% over $1M statewide, escalating inside NYC up to 3.9% over $25M. Proposed increases to mansion tax and >$3M state rate are pending for transfers after June 1, 2026.
Flood risk is relatively low. Only 3.2% of Delaware County's land falls within a FEMA Special Flood Hazard Area. Flood insurance is not typically required, though individual properties near waterways may still be in a zone — verify at msc.fema.gov.
Closing costs for a buyer in Delaware County typically run $3,662–$9,155 (2–5% of purchase price) on a median-priced home, including title insurance ($800–$2,000), appraisal ($400–$700), home inspection ($350–$600), recording fees ($100–$300), and loan origination (0.5–1.0% of the loan amount). Use the calculator above for a specific estimate at your purchase price.
Data sources for Delaware County
Every figure on this page is traceable. Verify the numbers yourself against the original public data.
Source for the 1.72% effective property tax rate, median home value, and median taxes paid (ACS 5-year, 2024 vintage).
Source for county-level flood zone exposure, wildfire risk, and other natural hazard ratings. Updated quarterly by FEMA.
Look up a specific property's flood zone and insurance rate map before making an offer on a home in Delaware County.
Guides for New York home buyers
What every buyer should read before making an offer.
HOA Documents
HOA lawsuits — how to check for pending litigation against your future HOA before you close
A buyer closed on a house and only then found out about ongoing HOA lawsuits. Six checks you can run yourself before your contingencies expire.
Read the guide →HOA Documents
Undisclosed HOA special assessment — what you can do if you find out after closing
HOA special assessment not on the disclosure? One buyer got a $15,000 bill the day after closing. How to catch it before — and what to do after.
Read the guide →