Friendship, Allegany County, New York Property Taxes

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

Median Friendship, NY effective property tax rate: 4.08%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Friendship, NY home value: $61,972
Median annual Friendship, NY tax bill: $2,580, $180 higher than the national median property tax bill of $2,400.

How are property taxes in Allegany calculated?

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

Last Updated March 1, 2025

Friendship, Allegany County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

4.08%

Estimate Property Tax Bill

$2,528

$2,346

Ownwell’s Friendship Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Friendship with just two data points. By entering your property's estimated assessed value, our calculator applies Friendship’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. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Friendship, Allegany County, New York

Local government entities set tax rates, which can vary widely within a state. This is because each county annually 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.

Friendship in Allegany County, NY, showcases a unique property tax scenario. The effective property tax rate here stands at 4.08%, significantly higher than the national median rate of 1.02%. This is reflective of the local government's fiscal needs and the total assessed property value in the area. The median property tax rate in New York is known for being on the higher end, contributing to higher property tax bills compared to many other states.

Such a high rate can impact homeowners' financial planning, emphasizing the importance of exploring property tax appeals and exemptions. By understanding how these rates are calculated and the factors influencing them, property owners in Friendship can make informed decisions to potentially reduce their tax burden.

Property Tax Rates Across Friendship, 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 Friendship Tax Rate

4.08%

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 Friendship, Allegany County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
14739	3.39%	3.68%	4.08%	4.38%	4.82%

Source: Ownwell

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

When examining property taxes in Friendship, 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 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 Friendship.

For example, the median home price in Friendship is $61,972, with tax bills ranging significantly across the county. Zip code 14739 has the highest median home price at $61,972.

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

Source: Ownwell

$46,700

$83,018

$119,336

Median Friendship Market Value

$61,972

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 Friendship, Allegany County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
14739	$25,157	$40,481	$61,972	$95,452	$138,707

Source: Ownwell

Property Tax Bills Across Friendship, Allegany County, New York

In Friendship, Allegany County, NY, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the local assessor and is intended to reflect the market value of the property. Homeowners in this area can expect a median property tax bill of $2,580, which is slightly above the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,682 and the 90th percentile reaching up to $5,190. These variations are influenced by factors such as property size, location, and local government budgets. High property tax bills can be a financial burden for homeowners, impacting their overall cost of living. Ownwell offers a solution by providing property tax appeal services, helping homeowners potentially lower their assessed value and, consequently, their tax bills. By leveraging expert knowledge and resources, Ownwell can assist homeowners in navigating the complexities of property tax assessments and appeals, ultimately aiming to reduce their financial burden.

Property Tax Bills Across Friendship, Allegany County, New York

Source: Ownwell

$1,742

$3,640

$5,538

Median Friendship Tax Bill

$2,580

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 Friendship, Allegany County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
14739	$1,038	$1,682	$2,580	$3,721	$5,190

Source: Ownwell