Alfred, Allegany County, New York Property Taxes

Name: Property Tax Bills Across Alfred, Allegany County, New York
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Alfred, NY effective property tax rate: 4.71%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Alfred, NY home value: $119,336
Median annual Alfred, NY tax bill: $5,538, $3,138 higher than the national median property tax bill of $2,400.

How are property taxes in Allegany calculated?

Property taxes in Alfred, NY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Alfred’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Alfred, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Alfred, Allegany County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

4.71%

Estimate Property Tax Bill

$5,621

$5,216

Ownwell’s Alfred Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Alfred with just two data points. By entering your property's estimated assessed value, our calculator applies Alfred’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Allegany County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Alfred, Allegany County, New York

Local government entities set tax rates, which can vary widely within a state. This is because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell. Below, you can compare Alfred’s effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S. Alfred, located in Allegany County, has a notably high median property tax rate of 4.71%. This rate is significantly higher than the national median property tax rate of 1.02%, reflecting the diverse nature of property tax rates across different regions. This rate is consistent across the county, indicating a uniform approach to property taxation in this area. Understanding these variations can help property owners make informed decisions about property investments and tax appeals.

Property Tax Rates Across Alfred, Allegany County, New York

Source: Ownwell

2.99%

3.85%

4.71%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Alfred Tax Rate

4.71%

Median Effective Allegany County Tax Rate

3.64%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Alfred, Allegany County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
14802	4.71%	4.71%	4.71%	4.71%	4.71%

Source: Ownwell

Property Tax Assessment Values Across Alfred, Allegany County, New York

When examining property taxes in Alfred, NY, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Allegany County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Allegany County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Alfred. For example, the median home price in Alfred is $119,336, with tax bills ranging significantly across the county. 14802 has the highest median home price at $119,336.

Property Tax Assessment Values Across Alfred, Allegany County, New York

Source: Ownwell

$46,700

$83,018

$119,336

Median Alfred Market Value

$119,336

Median Allegany County Market Value

$72,000

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Alfred, Allegany County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
14802	$75,369	$95,900	$119,336	$148,421	$184,170

Source: Ownwell

Property Tax Bills Across Alfred, Allegany County, New York

In Alfred, located in Allegany County, NY, property tax bills are determined by assessing the property's market value and applying the local tax rate. With a median home price of $119,336, homeowners in Alfred may face property tax bills that can vary significantly. The 25th percentile tax bill is $4,352, while the 75th percentile reaches $6,849, and the 90th percentile can go as high as $8,395. These figures are considerably higher than the national median property tax bill of $2,400, reflecting the impact of local tax rates and property values. Homeowners in Alfred can face financial strain due to these high tax bills.

Ownwell offers a solution by providing property tax appeal services to help homeowners reduce their tax burden. By analyzing property assessments and identifying potential inaccuracies, Ownwell can assist in filing appeals to lower tax bills. This service can lead to significant savings, allowing homeowners to better manage their financial responsibilities. With Ownwell's expertise, Alfred residents can achieve fairer property tax assessments.

Property Tax Bills Across Alfred, Allegany County, New York

Source: Ownwell

$1,742

$3,640

$5,538

Median Alfred Tax Bill

$5,538

Median Allegany County Tax Bill

$2,710

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Alfred, Allegany County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
14802	$3,547	$4,352	$5,538	$6,849	$8,395

Source: Ownwell