Ceres, Allegany County, New York Property Taxes

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

Median Ceres, NY effective property tax rate: 3.42%, significantly higher than the national median of 1.02%, but lower than the NY state median of 2.39%.
Median Ceres, NY home value: $70,908
Median annual Ceres, NY tax bill: $2,219, $181 lower than the national median property tax bill of $2,400.

How are property taxes in Allegany calculated?

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

Last Updated March 1, 2025

Ceres, Allegany County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.42%

Estimate Property Tax Bill

$2,425

$2,250

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

As noted earlier, local government entities set tax rates, which can vary widely within a state. Why? 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, in a nutshell, this is the annual process. Below, you can compare Ceres’s effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S. Ceres, located in Allegany County, has a property tax rate that is significantly higher than the national median. This reflects the diverse approaches counties take to meet their unique budgetary needs. With property tax being a crucial revenue source for local governments, understanding these rates can help property owners anticipate their tax responsibilities. The rate in Ceres underscores the importance of evaluating property tax implications when considering real estate investments or homeownership in the region.

Property Tax Rates Across Ceres, 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 Ceres Tax Rate

3.42%

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 Ceres, Allegany County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
14721	3.24%	3.42%	3.42%	3.42%	3.42%

Source: Ownwell

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

When examining property taxes in Ceres, 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: Allegany County sends assessment notices 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 Ceres. For example, the median home price in Ceres is $70,908, with tax bills ranging significantly across the county. Zip code 14721 has the highest median home price at $70,908.

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

Source: Ownwell

$46,700

$83,018

$119,336

Median Ceres Market Value

$70,908

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 Ceres, Allegany County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
14721	$25,000	$38,585	$70,908	$95,230	$125,605

Source: Ownwell

Property Tax Bills Across Ceres, Allegany County, New York

In Ceres, Allegany County, NY, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors and reflects the market value of the property. Homeowners in Ceres face a median property tax bill of $2,219, which is slightly below the national median of $2,400. The tax rate in this region can significantly affect homeowners, as it directly impacts their annual financial obligations. Factors such as local government budgets, school funding, and public services contribute to the determination of the tax rate. Homeowners in Ceres, particularly those with tax bills at the 75th percentile ($3,208) or 90th percentile ($4,287), may find their property tax burdens particularly challenging. Ownwell can assist homeowners by providing property tax appeal services, potentially reducing their tax bills. By reviewing assessments and identifying discrepancies, Ownwell helps ensure that homeowners are not overpaying, offering significant savings and peace of mind.

Property Tax Bills Across Ceres, Allegany County, New York

Source: Ownwell

$1,742

$3,640

$5,538

Median Ceres Tax Bill

$2,219

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 Ceres, Allegany County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
14721	$818	$1,243	$2,219	$3,208	$4,287

Source: Ownwell