Limestone, Cattaraugus County, New York Property Taxes
Median Limestone, NY effective property tax rate: 1.40%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%. Median Limestone, NY home value: $60,933. Median annual Limestone, NY tax bill: $968, $1,432 lower than the national median property tax bill of $2,400.
How are property taxes in Cattaraugus calculated?
Property taxes in Limestone, 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 Limestone’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Limestone, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Limestone, Cattaraugus County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.4%
Estimate Property Tax Bill
$853
$792
Property Tax Rates Across Limestone, Cattaraugus County, New York
Local government entities set tax rates, which can vary widely within a state. Why? Because 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. Below, you can compare Limestone’s effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S.
Limestone, located in Cattaraugus County, experiences property tax rates that reflect the county's financial requirements and property values. The median property tax rate in New York stands at 1.40%, which is higher than the national median rate of 1.02%. This rate in Limestone is consistent with the state’s median, indicating a uniform approach across the county. However, it's crucial to consider that property taxes can significantly impact homeowners' expenses, and understanding these rates can help in managing financial expectations. By appealing property taxes or exploring exemptions, property owners in Limestone can potentially reduce their tax burden, aligning closer to the national median property tax bill of $2400.
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 Limestone Tax Rate
1.40%
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 Limestone, Cattaraugus County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14753 | 1.14% | 1.40% | 1.40% | 1.57% | 2.87% |
Source: Ownwell
Property Tax Assessment Values Across Limestone, Cattaraugus County, New York
When examining property taxes in Limestone, 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 Limestone. For example, the median home price in Limestone is $60,933, with tax bills ranging significantly across the county. 14753 has the highest median home price at $60,933.
Property Tax Assessment Values Across Limestone, Cattaraugus County, New York
Source: Ownwell
$60,933
$152,429
$243,924
Median Limestone Market Value
$60,933
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 Limestone, Cattaraugus County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14753 | $21,867 | $40,600 | $60,933 | $83,516 | $103,867 |
Source: Ownwell
Property Tax Bills Across Limestone, Cattaraugus County, New York
Median Limestone Tax Bill
$968
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 Limestone, Cattaraugus County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14753 | $300 | $577 | $968 | $1,350 | $1,864 |
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 |