Great Valley, Cattaraugus County, New York Property Taxes
Median Great Valley, NY effective property tax rate: 1.26%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Great Valley, NY home value: $119,208
Median annual Great Valley, NY tax bill: $1,619, $781 lower than the national median property tax bill of $2,400.
How are property taxes in Cattaraugus calculated?
Property taxes in Great Valley, 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 Great Valley’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Great Valley, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Great Valley, Cattaraugus County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.26%
Estimate Property Tax Bill
$1,502
$1,394
Property Tax Rates Across Great Valley, Cattaraugus County, New York
Local government entities determine tax rates, which can vary significantly within a state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable properties within their jurisdiction. This calculation results in the property tax rate. While votes and laws are part of setting these rates and budgets, this is the fundamental annual process.
In Great Valley, Cattaraugus County, NY, the effective property tax rate stands out when compared to other cities in New York and the national median. With a median property tax rate of 1.26%, Great Valley surpasses the national median of 1.02%, indicating a higher property tax burden for its residents. This rate reflects the county's budgetary needs and the total assessed property values. Understanding these dynamics can help property owners anticipate their tax liabilities and explore potential savings through appeals or exemptions. For those in Great Valley, being informed about how property taxes are determined can lead to more strategic financial planning and potential opportunities to reduce their tax burden.
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 Great Valley Tax Rate
1.26%
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 Great Valley, Cattaraugus County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14741 | 1.26% | 1.26% | 1.26% | 1.42% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Great Valley, Cattaraugus County, New York
When examining property taxes in Great Valley, 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.
Assessment notices: 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 Great Valley. For example, the median home price in Great Valley is $119,208, with tax bills ranging significantly across the county. ZIP code 14741 has the highest median home price at $119,208.
Property Tax Assessment Values Across Great Valley, Cattaraugus County, New York
Source: Ownwell
$60,933
$152,429
$243,924
Median Great Valley Market Value
$119,208
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 Great Valley, Cattaraugus County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14741 | $46,821 | $79,176 | $119,208 | $187,896 | $267,468 |
Source: Ownwell
Property Tax Bills Across Great Valley, Cattaraugus County, New York
Median Great Valley Tax Bill
$1,619
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 Great Valley, Cattaraugus County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14741 | $593 | $1,002 | $1,619 | $2,581 | $3,803 |
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 |