Portville, Allegany County, New York Property Taxes
Median Portville, NY effective property tax rate: 4.10%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Portville, NY home value: $90,526
Median annual Portville, NY tax bill: $3,715, $1,315 higher than the national median property tax bill of $2,400.
How are property taxes in Allegany calculated?
Property taxes in Portville, 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 Portville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Portville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Portville, Allegany County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
4.1%
Estimate Property Tax Bill
$3,712
$3,444
Property Tax Rates Across Portville, 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 Portville’s effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S.
Portville, located in Allegany County, has a median property tax rate of 4.10%, significantly higher than the national median of 1.02%. This places Portville among the regions with the highest property tax rates in the country. Residents in Portville face a property tax bill that is notably above the national median of $2400. This disparity highlights the importance of property tax appeals and exemptions, offering potential relief to homeowners burdened by high property taxes. Understanding these rates and exploring options for appeals can make a significant financial difference for property owners in Portville and similar areas across New York.
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 Portville Tax Rate
4.10%
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 Portville, Allegany County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14770 | 3.98% | 4.10% | 4.10% | 4.10% | 4.10% |
Source: Ownwell
Property Tax Assessment Values Across Portville, Allegany County, New York
When examining property taxes in Portville, 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 Portville.
For example, the median home price in Portville is $90,526, with tax bills ranging significantly across the county. ZIP code 14770 has the highest median home price at $90,526.
Property Tax Assessment Values Across Portville, Allegany County, New York
Source: Ownwell
$46,700
$83,018
$119,336
Median Portville Market Value
$90,526
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 Portville, Allegany County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14770 | $31,638 | $60,790 | $90,526 | $120,141 | $165,746 |
Source: Ownwell
Property Tax Bills Across Portville, Allegany County, New York
In Portville, located in Allegany County, NY, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the property's market value as determined by the local assessor. Several factors influence this assessment, including property size, location, and condition. Homeowners in Portville experience a median property tax bill of $3,715, which is significantly higher than the national median of $2,400. This can place a financial burden on homeowners, especially when the tax bill reaches the 90th percentile at $6,780.
Ownwell offers a solution by providing expert property tax appeal services. By analyzing property assessments and comparing them with similar properties, Ownwell identifies opportunities for tax reductions. This ensures homeowners are not overpaying and helps them save money. With Ownwell's assistance, homeowners can potentially lower their property tax bills, making homeownership more affordable and manageable.
Median Portville Tax Bill
$3,715
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 Portville, Allegany County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14770 | $1,346 | $2,521 | $3,715 | $4,899 | $6,780 |
Source: Ownwell