Allentown, Allegany County, New York Property Taxes
Median Allentown, NY effective property tax rate: 4.69%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Allentown, NY home value: $46,700
Median annual Allentown, NY tax bill: $2,142, $258 lower than the national median property tax bill of $2,400.
How are property taxes in Allegany calculated?
Property taxes in Allentown, 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 Allentown’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Allentown, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Allentown, Allegany County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
4.69%
Estimate Property Tax Bill
$2,190
$2,032
Property Tax Rates Across Allentown, Allegany County, New York
Local government entities determine tax rates, which can vary significantly within a state. This variability is due to each county annually estimating its budgetary needs to provide essential services and dividing that by the total value of all taxable property within its jurisdiction. This calculation establishes the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the yearly process.
In Allentown, located in Allegany County, New York, you can compare the effective property tax rate to other cities within the state and the median property tax rates in New York and the U.S. Allentown's property tax rate is notably higher than the national median property tax rate of 1.02% and the national median property tax bill of $2,400. This makes owning property in Allentown a significant financial consideration. Understanding how these rates are determined and how they compare to other areas can help property owners make informed decisions about their investments and potential tax liabilities.
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 Allentown Tax Rate
4.69%
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 Allentown, Allegany County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14707 | 3.97% | 4.59% | 4.69% | 4.69% | 4.69% |
Source: Ownwell
Property Tax Assessment Values Across Allentown, Allegany County, New York
When examining property taxes in Allentown, New York, 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 April. 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 Allentown. For example, the median home price in Allentown is $46,700, with tax bills ranging significantly across the county. 14707 has the highest median home price at $46,700.
Property Tax Assessment Values Across Allentown, Allegany County, New York
Source: Ownwell
$46,700
$83,018
$119,336
Median Allentown Market Value
$46,700
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 Allentown, Allegany County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14707 | $26,540 | $36,000 | $46,700 | $69,300 | $79,220 |
Source: Ownwell
Property Tax Bills Across Allentown, Allegany County, New York
In Allentown, Allegany County, NY, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local assessor’s office and reflects a percentage of the property's market value. Homeowners in Allentown face median property tax bills that vary significantly, with the 25th percentile at $1,615 and the 75th percentile reaching $3,137. These figures show a range that can impact homeowners differently depending on their property's assessed value. Compared to the national median property tax bill of $2,400, Allentown's figures indicate a varied landscape for property taxes within the area.
Homeowners can feel the financial weight of these taxes, especially when they sit at the higher end of the spectrum. This is where Ownwell steps in to assist. By providing property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax burden. With expertise in navigating the complexities of property tax assessments, Ownwell can identify discrepancies and advocate for fairer valuations, ultimately aiming to save homeowners money on their property tax bills.
Median Allentown Tax Bill
$2,142
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 Allentown, Allegany County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14707 | $1,227 | $1,615 | $2,142 | $3,137 | $3,664 |
Source: Ownwell