East Otto, Cattaraugus County, New York Property Taxes
Median East Otto, NY effective property tax rate: 1.68%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median East Otto, NY home value: $117,100
Median annual East Otto, NY tax bill: $1,978, $422 lower than the national median property tax bill of $2,400.
How are property taxes in Cattaraugus calculated?
Property taxes in East Otto, 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 East Otto’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in East Otto, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
East Otto, Cattaraugus County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.68%
Estimate Property Tax Bill
$1,967
$1,826
Property Tax Rates Across East Otto, Cattaraugus 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.
East Otto, located in Cattaraugus County, has an effective property tax rate of 1.68%, which is significantly above the national median of 1.02%. This reflects the broader trend in New York, where property tax rates are generally higher than the national average. The state's median property tax rate matches that of East Otto, highlighting a consistent pattern across the region. This elevated rate underscores the importance of exploring property tax appeal and exemption services to potentially reduce your tax burden. By understanding the local property tax landscape, you can make informed decisions to manage your finances effectively.
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 East Otto Tax Rate
1.68%
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 East Otto, Cattaraugus County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14729 | 1.43% | 1.68% | 1.68% | 1.68% | 2.40% |
Source: Ownwell
Property Tax Assessment Values Across East Otto, Cattaraugus County, New York
When examining property taxes in East Otto, 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 East Otto. For example, the median home price in East Otto is $117,100, with tax bills ranging significantly across the county. 14729 has the highest median home price at $117,100.
Property Tax Assessment Values Across East Otto, Cattaraugus County, New York
Source: Ownwell
$60,933
$152,429
$243,924
Median East Otto Market Value
$117,100
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 East Otto, Cattaraugus County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14729 | $38,720 | $70,700 | $117,100 | $183,500 | $298,680 |
Source: Ownwell
Property Tax Bills Across East Otto, Cattaraugus County, New York
Median East Otto Tax Bill
$1,978
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 East Otto, Cattaraugus County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14729 | $675 | $1,226 | $1,978 | $3,106 | $4,670 |
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 |