Salamanca, Cattaraugus County, New York Property Taxes

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

Median Salamanca, NY effective property tax rate: 1.00%, slightly lower than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Salamanca, NY home value: $66,667
Median annual Salamanca, NY tax bill: $655, $1,745 lower than the national median property tax bill of $2,400.

How are property taxes in Cattaraugus calculated?

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

Last Updated March 1, 2025

Salamanca, Cattaraugus County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

Estimate Property Tax Bill

$667

$619

Ownwell’s Salamanca Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Salamanca with just two data points. By entering your property's estimated assessed value, our calculator applies Salamanca’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value—determined by Cattaraugus 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 Salamanca, Cattaraugus County, New York

Local government entities in Salamanca, located in Cattaraugus County, NY, set property tax rates that can vary significantly within the state. Each year, the county determines its budgetary needs to provide essential services and divides this amount by the total assessed value of all taxable properties within its borders. This calculation establishes the property tax rate for the area. While the process involves legislation and voter input, this annual routine is the foundation of property tax rate determination. Salamanca's effective property tax rate can be compared to other cities within New York and benchmarked against the median property tax rates in the state and across the nation. In Salamanca, the median property tax rate aligns with the highest and lowest rates observed in the area, offering a unique uniformity. This rate is slightly below the national median property tax rate of 1.02%, making it a potentially attractive location for property owners seeking relatively lower tax obligations while still enjoying the services funded by these taxes.

Property Tax Rates Across Salamanca, 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 Salamanca Tax Rate

1.00%

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 Salamanca, Cattaraugus County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
14779	0.85%	1.00%	1.00%	1.20%	1.56%

Source: Ownwell

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

When examining property taxes in Salamanca, 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 Salamanca. For example, the median home price in Salamanca is $66,667, with tax bills ranging significantly across the county. 14779 has the highest median home price at $66,667.

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

Source: Ownwell

$60,933

$152,429

$243,924

Median Salamanca Market Value

$66,667

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 Salamanca, Cattaraugus County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
14779	$38,741	$51,852	$66,667	$92,593	$143,396

Source: Ownwell

Property Tax Bills Across Salamanca, Cattaraugus County, New York

In Salamanca, located in Cattaraugus County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Salamanca is $66,667, which is significantly lower than the national median. This lower home value results in a lower property tax bill, with the median tax bill for the area being $655, compared to the national median of $2,400. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. Homeowners in Salamanca face property tax bills ranging from $508 at the 25th percentile to $2,041 at the 90th percentile, highlighting the variability in tax obligations. Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services, potentially reducing the tax burden. By reviewing assessments and identifying discrepancies, Ownwell can help homeowners achieve substantial savings, ensuring they pay only their fair share in property taxes.

Property Tax Bills Across Salamanca, Cattaraugus County, New York

Source: Ownwell

$655

$1,844

$3,033

Median Salamanca Tax Bill

$655

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 Salamanca, Cattaraugus County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
14779	$365	$508	$655	$1,005	$2,041

Source: Ownwell

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Dates

Links
Cattaraugus Assessment Review Commission
Website	maps.cattco.org