Alfred Station, Allegany County, New York Property Taxes
Median Alfred Station, NY effective property tax rate: 3.83%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Alfred Station, NY home value: $110,616
Median annual Alfred Station, NY tax bill: $4,227, $1,827 higher than the national median property tax bill of $2,400.
How are property taxes in Allegany calculated?
Property taxes in Alfred Station, 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 Station’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Alfred Station, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Alfred Station, Allegany County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.83%
Estimate Property Tax Bill
$4,237
$3,931
Property Tax Rates Across Alfred Station, Allegany County, New York
Local government entities set tax rates, which can vary widely within a state. 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, in a nutshell, this is the annual process. Below, you can compare Alfred Station’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 Station, located in Allegany County, has a median property tax rate of 3.83%. This is significantly higher than the national median property tax rate of 1.02%. In fact, Allegany County has one of the highest median tax rates in the state, with Alfred Station's rate being the highest. This makes Alfred Station an outlier when compared to the national average. Understanding these differences can help property owners make informed decisions about appealing their property taxes and exploring potential exemptions.
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 Station Tax Rate
3.83%
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 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 Station, Allegany County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14803 | 3.81% | 3.83% | 3.83% | 3.83% | 3.84% |
Source: Ownwell
Property Tax Assessment Values Across Alfred Station, Allegany County, New York
When examining property taxes in Alfred Station, 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.
In Allegany County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 Station.
For example, the median home price in Alfred Station is $110,616, with tax bills ranging significantly across the county. 14803 has the highest median home price at $110,616.
Property Tax Assessment Values Across Alfred Station, Allegany County, New York
Source: Ownwell
$46,700
$83,018
$119,336
Median Alfred Station Market Value
$110,616
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 Station, Allegany County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14803 | $39,041 | $70,274 | $110,616 | $156,229 | $191,935 |
Source: Ownwell
Property Tax Bills Across Alfred Station, Allegany County, New York
Property Tax Bills Across Alfred Station, Allegany County, New York
Source: Ownwell
$1,742
$3,640
$5,538
Median Alfred Station Tax Bill
$4,227
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 Station, Allegany County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14803 | $1,496 | $2,693 | $4,227 | $5,814 | $7,366 |
Source: Ownwell