Allegany, Cattaraugus County, New York Property Taxes
Median Allegany, NY effective property tax rate: 1.57%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Allegany, NY home value: $111,111
Median annual Allegany, NY tax bill: $1,740, $660 lower than the national median property tax bill of $2,400.
How are property taxes in Cattaraugus calculated?
Property taxes in Allegany, 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 Allegany’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Allegany, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Allegany, Cattaraugus County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.57%
Estimate Property Tax Bill
$1,744
$1,619
Property Tax Rates Across Allegany, Cattaraugus County, New York
Local government entities determine tax rates, which can vary significantly within a state. This is primarily because each county annually calculates its required budget to provide services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play roles in setting these rates and budgets, this is essentially the annual process.
Allegany in Cattaraugus County, NY, presents an interesting case for property tax comparisons. The effective property tax rate in Allegany is 1.57%, which is notably higher than the national median of 1.02%. This places Allegany at the higher end of the spectrum not only within New York but also nationwide. The median property tax bill in Allegany is also likely to be higher than the national median of $2,400, given the elevated tax rate. Such information is crucial for property owners in Allegany as it emphasizes the importance of understanding local tax obligations and exploring potential avenues for appeals or exemptions.
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 Tax Rate
1.57%
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 Cattaraugus County Tax Rate
1.53%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Allegany, Cattaraugus County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14706 | 1.34% | 1.57% | 1.57% | 1.57% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Allegany, Cattaraugus County, New York
When examining property taxes in Allegany, 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 Cattaraugus 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 Cattaraugus 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 Allegany. For example, the median home price in Allegany is $111,111, with tax bills ranging significantly across the county. Zip code 14706 has the highest median home price at $111,111.
Property Tax Assessment Values Across Allegany, Cattaraugus County, New York
Source: Ownwell
$60,933
$152,429
$243,924
Median Allegany Market Value
$111,111
Median Cattaraugus County Market Value
$88,597
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Allegany, Cattaraugus County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14706 | $40,000 | $77,778 | $111,111 | $157,778 | $211,111 |
Source: Ownwell
Property Tax Bills Across Allegany, Cattaraugus County, New York
Median Allegany Tax Bill
$1,740
Median Cattaraugus County Tax Bill
$1,508
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Allegany, Cattaraugus County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14706 | $609 | $1,202 | $1,740 | $2,519 | $3,340 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Cattaraugus Assessment Review Commission | |
| Website | maps.cattco.org |