Cattaraugus, New York Property Taxes
The median property tax rate in Cattaraugus, NY is 1.66%, considerably higher than the national median of 0.99% but lower than the New York state median of 2.39%. With the median home value in Cattaraugus at $92,600, the typical annual property tax bill reaches $1,572, which is below the national median of $2,690. Property taxes in Cattaraugus are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cattaraugus's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Cattaraugus or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cattaraugus, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.66%
Estimate Property Tax Bill
$1,537
$1,520
Ownwell’s Cattaraugus Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Cattaraugus with just two key data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Cattaraugus to provide an estimate of your property tax bill. This valuable tool offers a clear understanding of your potential tax liabilities. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax calculations, considering any applicable exemptions.
Property Tax Rates Across Cattaraugus, New York
Property taxes in Cattaraugus, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cattaraugus is 1.66%, significantly higher than the U.S. national median of 0.99%. Local government entities within Cattaraugus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cattaraugus estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Cattaraugus's effective property tax rate to other counties in New York and the national median. For comparison, the 14719 zip code has the highest median property tax rate of 1.66%, while the same zip code also has the lowest median tax rate of 1.66%. Understanding how these cities compare with Cattaraugus provides valuable insights into the varying tax landscape across Cattaraugus County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cattaraugus Tax Rate
1.66%
Average Cattaraugus County Tax Rate
1.53%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cattaraugus, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14719 | 1.41% | 1.41% | 1.66% | 1.82% | 2.63% |
Source: Ownwell
Property Tax Assessment Values Across Cattaraugus, New York
In Cattaraugus, New York, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Cattaraugus County Assessment Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Cattaraugus, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Cattaraugus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Cattaraugus is $1572 in zip code 14719.
Average Cattaraugus Assessed Value
$92,600
Average Cattaraugus County Assessed Value
$88,597
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cattaraugus, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14719 | $34,700 | $61,225 | $92,600 | $141,800 | $202,700 |
Source: Ownwell
Property Tax Bills Across Cattaraugus, New York
Property tax bills in Cattaraugus, NY, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor's office, which evaluates the property's market value. This value is then multiplied by the local tax rate to determine the annual tax bill. In Cattaraugus, the median home price is $92,600, and the tax rate is applied to this value to calculate the tax bill. Several factors influence the assessed value, including the property's size, location, and condition. Homeowners in Cattaraugus can expect a range of tax bills, with the 25th percentile at $1,027 and the 75th percentile at $2,480. The 90th percentile can see tax bills as high as $3,389. Comparing this to the national median property tax rate of 0.99%, Cattaraugus homeowners might find their tax bills relatively higher or lower depending on their specific property assessments. Understanding these factors can help homeowners anticipate their annual property tax obligations.
Average Cattaraugus Tax Bill
$1,572
Average Cattaraugus County Tax Bill
$1,508
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Cattaraugus, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14719 | $588 | $1,027 | $1,572 | $2,480 | $3,389 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Cattaraugus Assessment Review Commission | |
| Website | maps.cattco.org |