Franklinville, Cattaraugus County, New York Property Taxes

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

Median FRANKLINVILLE, NY effective property tax rate: 1.70%, significantly higher than the national median of 1.02%, but lower than the NY state median of 2.39%.
Median FRANKLINVILLE, NY home value: $80,932
Median annual FRANKLINVILLE, NY tax bill: $1,374, $1,026 lower than the national median property tax bill of $2,400.

How are property taxes in Cattaraugus calculated?

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

Last Updated March 1, 2025

Franklinville, Cattaraugus County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.7%

Estimate Property Tax Bill

$1,376

$1,277

Ownwell’s Franklinville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Franklinville with just two data points. By entering your property's estimated assessed value, our calculator applies Franklinville’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. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Franklinville, 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. Franklinville in Cattaraugus County, NY, has a notable property tax landscape. The effective property tax rate in Franklinville is significantly higher than the national median of 1.02%. This rate is consistent with the highest and lowest median tax rates in the zip code 14737, which are both 1.70%. Compared to the national median property tax bill of $2400, homeowners in this area may face a more substantial tax burden. Understanding these dynamics is crucial for property owners to navigate their tax responsibilities effectively. By comparing Franklinville’s rates to other cities in New York and the national average, property owners can gain valuable insights into how their tax obligations measure up.

Property Tax Rates Across Franklinville, 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 Franklinville Tax Rate

1.70%

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 Franklinville, Cattaraugus County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
14737	1.42%	1.61%	1.70%	1.72%	2.44%

Source: Ownwell

Property Tax Assessment Values Across Franklinville, Cattaraugus County, New York

When examining property taxes in Franklinville, 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 Franklinville. For example, the median home price in Franklinville is $80,932, with tax bills ranging significantly across the county. 14737 has the highest median home price at $80,932.

Property Tax Assessment Values Across Franklinville, Cattaraugus County, New York

Source: Ownwell

$60,933

$152,429

$243,924

Median Franklinville Market Value

$80,932

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 Franklinville, Cattaraugus County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
14737	$30,183	$53,290	$80,932	$116,601	$170,189

Source: Ownwell

Property Tax Bills Across Franklinville, Cattaraugus County, New York

In Franklinville, located in Cattaraugus County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor and represents a percentage of the property's market value. Factors such as property size, location, and improvements can influence this value. Franklinville's property tax bills range from $881 at the 25th percentile to $3,028 at the 90th percentile, with a median home price of $80,932. The highest and lowest median tax bills in the area are both $1,374, indicating a consistent tax assessment across different zip codes. Compared to the national median property tax bill of $2,400, Franklinville homeowners experience lower tax burdens, but they can still benefit from potential savings. Ownwell assists homeowners by reviewing their property assessments, identifying discrepancies, and filing appeals on their behalf. By ensuring assessments are fair and accurate, Ownwell helps homeowners potentially reduce their property tax bills, providing financial relief and peace of mind.

Property Tax Bills Across Franklinville, Cattaraugus County, New York

Source: Ownwell

$655

$1,844

$3,033

Median Franklinville Tax Bill

$1,374

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 Franklinville, Cattaraugus County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
14737	$511	$881	$1,374	$2,035	$3,028

Source: Ownwell

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Dates

Links
Cattaraugus Assessment Review Commission
Website	maps.cattco.org