Arkport, Allegany County, New York Property Taxes

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

Median Arkport, NY effective property tax rate: 3.87%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Arkport, NY home value: $84,100
Median annual Arkport, NY tax bill: $3,330, $930 higher than the national median property tax bill of $2,400.

How are property taxes in Allegany calculated?

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

Last Updated March 1, 2025

Arkport, Allegany County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.87%

Estimate Property Tax Bill

$3,255

$3,020

Ownwell’s Arkport Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Arkport with just two data points. By entering your property's estimated assessed value, our calculator applies Arkport’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 Arkport, Allegany County, New York

Local government entities set tax rates, which can vary widely within a state. 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, in a nutshell, this is the annual process. Below, you can compare Arkport’s effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S. In Arkport, located in Allegany County, the median property tax rate is significantly higher than the national median of 1.02%. This higher rate reflects the county's budgetary needs and the total value of taxable properties. Interestingly, Arkport shares its tax rate with other areas in the same zip code, indicating a uniformity in tax assessment across this region. This can be both a challenge and an opportunity for property owners, highlighting the importance of understanding local tax assessments and potential avenues for appeals or exemptions.

Property Tax Rates Across Arkport, 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 Arkport Tax Rate

3.87%

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 Arkport, Allegany County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
14807	3.32%	3.80%	3.87%	4.01%	4.01%

Source: Ownwell

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

When examining property taxes in Arkport, 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 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 Arkport. For example, the median home price in Arkport is $84,100, with tax bills ranging significantly across the county. Zip code 14807 has the highest median home price at $84,100.

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

Source: Ownwell

$46,700

$83,018

$119,336

Median Arkport Market Value

$84,100

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 Arkport, Allegany County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
14807	$35,044	$63,291	$84,100	$135,656	$194,401

Source: Ownwell

Property Tax Bills Across Arkport, Allegany County, New York

In Arkport, located in Allegany County, NY, property tax bills are derived from the assessed value of a home, which is then multiplied by the local tax rate. With a median home price of $84,100, homeowners can expect tax bills to vary significantly. For instance, the 25th percentile tax bill is approximately $2,399, closely aligning with the national median tax bill of $2,400. However, the 75th percentile tax bill rises to $4,935, indicating a substantial variation based on property value and location within the area. The highest median tax bill in the region is $3,330, found in zip code 14807. These figures highlight the potential financial burden on homeowners, especially as the tax rate can exceed the national median property tax rate of 1.02%. Ownwell offers a solution by providing expert property tax appeal and exemption services. By leveraging their expertise, homeowners can potentially lower their tax assessments, thus reducing their annual tax bills and alleviating financial strain.

Property Tax Bills Across Arkport, Allegany County, New York

Source: Ownwell

$1,742

$3,640

$5,538

Median Arkport Tax Bill

$3,330

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 Arkport, Allegany County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
14807	$1,328	$2,399	$3,330	$4,935	$6,947

Source: Ownwell