Ellicottville, Cattaraugus County, New York Property Taxes
Median Ellicottville, NY effective property tax rate: 1.18%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Ellicottville, NY home value: $243,924
Median annual Ellicottville, NY tax bill: $3,033, $633 higher than the national median property tax bill of $2,400.
How are property taxes in Cattaraugus calculated?
Property taxes in Ellicottville, 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 Ellicottville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ellicottville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ellicottville, Cattaraugus County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.18%
Estimate Property Tax Bill
$2,878
$2,671
Ownwell’s Ellicottville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ellicottville with just two data points.
By entering your property's estimated assessed value, our calculator applies Ellicottville’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 Cattaraugus County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Ellicottville, Cattaraugus 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.
Ellicottville in Cattaraugus County, NY, holds a significant position when it comes to property tax rates. The effective property tax rate here stands at 1.18%, which is above the national median property tax rate of 1.02%. This rate reflects the local government's efforts to balance budgetary needs with the value of taxable properties. In comparison to other cities in New York, Ellicottville's rate is consistent with the state’s median, indicating a stable tax environment. However, it is crucial for property owners to stay informed and explore potential exemptions or appeals to optimize their property tax liabilities. Understanding these nuances can lead to significant savings and a better grasp of how local tax policies impact personal finances.
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 Ellicottville Tax Rate
1.18%
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 Ellicottville, Cattaraugus County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14731 | 1.18% | 1.18% | 1.18% | 1.18% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Ellicottville, Cattaraugus County, New York
When examining property taxes in Ellicottville, 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 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 Ellicottville. For example, the median home price in Ellicottville is $243,924, with tax bills ranging significantly across the county. Zip code 14731 has the highest median home price at $243,924.
Property Tax Assessment Values Across Ellicottville, Cattaraugus County, New York
Source: Ownwell
$60,933
$152,429
$243,924
Median Ellicottville Market Value
$243,924
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 Ellicottville, Cattaraugus County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14731 | $56,686 | $123,657 | $243,924 | $337,083 | $485,940 |
Source: Ownwell
Property Tax Bills Across Ellicottville, Cattaraugus County, New York
In Ellicottville, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is often a percentage of the property's market value, which is influenced by factors such as location, size, and condition. Homeowners in Ellicottville face a median property tax bill of $3,033, which is higher than the national median of $2,400. This can be a significant financial burden, especially for those with tax bills reaching the 90th percentile at $6,193.
Ownwell offers a solution by helping homeowners appeal their property tax assessments, potentially reducing their tax bills. By analyzing market trends and comparable property values, Ownwell provides expert guidance to ensure that homeowners in Ellicottville are not overpaying. This service can lead to substantial savings, making homeownership more affordable. With Ownwell's assistance, homeowners can navigate the complex property tax system with confidence, ensuring they only pay their fair share.
Property Tax Bills Across Ellicottville, Cattaraugus County, New York
Source: Ownwell
$655
$1,844
$3,033
Median Ellicottville Tax Bill
$3,033
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 Ellicottville, Cattaraugus County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14731 | $697 | $1,492 | $3,033 | $4,201 | $6,193 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
|---|
Links | |
|---|---|
| Cattaraugus Assessment Review Commission | |
| Website | maps.cattco.org |