Kennedy, Cattaraugus County, New York Property Taxes

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

Median Kennedy, NY effective property tax rate: 1.73%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Kennedy, NY home value: $112,667
Median annual Kennedy, NY tax bill: $1,925, $475 lower than the national median property tax bill of $2,400.

How are property taxes in Cattaraugus calculated?

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

Last Updated March 1, 2025

Kennedy, Cattaraugus County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.73%

Estimate Property Tax Bill

$1,949

$1,809

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

Local government entities in New York set property tax rates, which can vary significantly across the state. Each year, counties like Cattaraugus estimate the budget needed to provide essential services, dividing this figure by the total assessed value of all taxable properties within their boundaries. This determines the property tax rate. While the process involves votes and legal frameworks, this is the fundamental annual procedure.

In Kennedy, located in Cattaraugus County, the effective property tax rate stands at 1.73%. This rate is notably higher than the national median property tax rate of 1.02%. In fact, it represents one of the highest rates in New York, as the entire state shares this uniform rate across different regions. When comparing Kennedy to other cities in New York, it becomes clear that property tax rates here align with the state's average, yet remain above the national median. Understanding these variations can help property owners better navigate their tax obligations and potentially explore opportunities for tax appeals or exemptions.

Property Tax Rates Across Kennedy, 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 Kennedy Tax Rate

1.73%

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 Kennedy, Cattaraugus County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
14747	1.47%	1.65%	1.73%	1.73%	1.73%

Source: Ownwell

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

When examining property taxes in Kennedy, 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 Kennedy.

For example, the median home price in Kennedy is $112,667, with tax bills ranging significantly across the county. 14747 has the highest median home price at $112,667.

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

Source: Ownwell

$60,933

$152,429

$243,924

Median Kennedy Market Value

$112,667

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 Kennedy, Cattaraugus County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
14747	$36,283	$78,192	$112,667	$170,077	$225,763

Source: Ownwell

Property Tax Bills Across Kennedy, Cattaraugus County, New York

In Kennedy, Cattaraugus County, NY, property tax bills are calculated based on the assessed value of the home. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and any improvements can influence the assessed value. With a median home price of $112,667, homeowners in Kennedy face a median tax bill that can range significantly depending on the specific characteristics of their property. For instance, the tax bill at the 25th percentile is $1,261, while at the 75th percentile, it rises to $2,853, and at the 90th percentile, it reaches $3,630. These figures highlight the variability in property tax burdens, which can be substantial compared to the national median tax bill of $2,400. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions, ensuring they are not overpaying. By leveraging expert knowledge and local insights, Ownwell can help reduce the financial impact of property taxes on homeowners in Kennedy.

Property Tax Bills Across Kennedy, Cattaraugus County, New York

Source: Ownwell

$655

$1,844

$3,033

Median Kennedy Tax Bill

$1,925

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 Kennedy, Cattaraugus County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
14747	$509	$1,261	$1,925	$2,853	$3,630

Source: Ownwell

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Dates

Links
Cattaraugus Assessment Review Commission
Website	maps.cattco.org