Farmersville Station, Cattaraugus County, New York Property Taxes

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

Median Farmersville Station, NY effective property tax rate: 1.64%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Farmersville Station, NY home value: $88,947
Median annual Farmersville Station, NY tax bill: $1,447, $953 lower than the national median property tax bill of $2,400.

How are property taxes in Cattaraugus calculated?

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

Last Updated March 1, 2025

Farmersville Station, Cattaraugus County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.64%

Estimate Property Tax Bill

$1,459

$1,354

Ownwell’s Farmersville Station Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Farmersville Station with just two data points. By entering your property's estimated assessed value, our calculator applies Farmersville Station’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 Farmersville Station, Cattaraugus County, New York

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variability stems from the fact that each county annually estimates its required budget to fund services and divides that by the total value of all taxable property within its jurisdiction. This calculation establishes the property tax rate for the area. Although the process involves votes and legislation, this is the essence of how property tax rates are determined each year.

In Farmersville Station, located in Cattaraugus County, the effective property tax rate is 1.64%. This rate is notably higher than the national median property tax rate of 1.02%. When comparing Farmersville Station to other cities in New York, it is evident that the property tax rate here is consistent with the highest median rate in the state. Understanding these rates can help property owners make informed decisions about appeals and exemptions, ensuring they are not overpaying on their property taxes.

Property Tax Rates Across Farmersville Station, Cattaraugus County, New York

Source: Ownwell

1.00%

1.69%

2.37%

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 Farmersville Station Tax Rate

1.64%

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 Farmersville Station, Cattaraugus County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
14060	1.02%	1.47%	1.64%	1.74%	1.74%

Source: Ownwell

Property Tax Assessment Values Across Farmersville Station, Cattaraugus County, New York

When examining property taxes in Farmersville Station, 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 March. 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 Farmersville Station. For example, the median home price in Farmersville Station is $88,947, with tax bills ranging significantly across the county. Zip code 14060 has the highest median home price at $88,947.

Property Tax Assessment Values Across Farmersville Station, Cattaraugus County, New York

Source: Ownwell

$60,933

$152,429

$243,924

Median Farmersville Station Market Value

$88,947

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 Farmersville Station, Cattaraugus County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
14060	$40,465	$66,910	$88,947	$127,238	$190,895

Source: Ownwell

Property Tax Bills Across Farmersville Station, Cattaraugus County, New York

In Farmersville Station, located in Cattaraugus County, NY, property tax bills are determined by multiplying the assessed value of a home by the local property tax rate. The assessed value is often a percentage of the home's market value, reflecting factors such as location and property size. With a median home price of $88,947, homeowners in Farmersville Station face property tax bills that vary significantly. The 25th percentile tax bill is $997, while the 75th percentile reaches $2,222, and the 90th percentile can be as high as $3,008. These figures are notably higher than the national median property tax bill of $2,400, indicating a substantial financial burden on local homeowners. Ownwell offers a solution by providing property tax appeal and exemption services, potentially lowering these bills. By analyzing property assessments and market trends, Ownwell identifies opportunities for homeowners to save money, ensuring they do not overpay on their property taxes. This expert guidance can result in significant financial relief for homeowners in Farmersville Station.

Property Tax Bills Across Farmersville Station, Cattaraugus County, New York

Source: Ownwell

$655

$1,844

$3,033

Median Farmersville Station Tax Bill

$1,447

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 Farmersville Station, Cattaraugus County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
14060	$621	$997	$1,447	$2,222	$3,008

Source: Ownwell

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Dates

Links
Cattaraugus Assessment Review Commission
Website	maps.cattco.org