Chautauqua, New York Property Taxes
The median property tax rate in Chautauqua, NY is 1.88%, considerably higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Chautauqua at $454,500, the typical annual property tax bill reaches $8,130, exceeding the national median of $2,690. Property taxes in Chautauqua are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Chautauqua's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Chautauqua or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Chautauqua, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.88%
Estimate Property Tax Bill
$8,545
$7,929
Ownwell’s Chautauqua Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chautauqua with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chautauqua to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Chautauqua, New York
Property taxes in Chautauqua, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chautauqua is 1.88%, significantly higher than the U.S. national median of 0.99%. Local government entities within Chautauqua set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chautauqua estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Chautauqua's effective property tax rate to other areas in New York and the national median. For comparison, the zip code 14722 has both the highest and lowest median property tax rate of 1.88%. Understanding how these areas compare with Chautauqua provides valuable insights into the varying tax landscape across Chautauqua County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chautauqua Tax Rate
1.88%
Average Chautauqua County Tax Rate
2.90%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chautauqua, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14722 | 1.85% | 1.88% | 1.88% | 1.89% | 1.89% |
Source: Ownwell
Property Tax Assessment Values Across Chautauqua, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Chautauqua, NY. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the local assessment office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Chautauqua are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, the median home price in Chautauqua is $454,500, with tax bills varying significantly. The 25th percentile tax bill stands at $3,402, while the 75th percentile tax bill reaches $11,507. The highest median tax bill is $8,130 in zip code 14722, which also represents the lowest median tax bill in the area. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Chautauqua Assessed Value
$454,500
Average Chautauqua County Assessed Value
$91,916
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chautauqua, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14722 | $112,680 | $192,200 | $454,500 | $623,700 | $803,420 |
Source: Ownwell
Property Tax Bills Across Chautauqua, New York
Property tax bills in Chautauqua, NY are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor's office, reflecting a percentage of the property's market value. Once the assessment is made, it is multiplied by the local tax rate to calculate the annual tax bill. Factors such as property location, size, and improvements can influence the assessed value. In Chautauqua, homeowners experience a wide range of tax bills. For example, the 25th percentile tax bill is $3,402, while the 75th percentile reaches $11,507. The 90th percentile tax bill can be as high as $15,000. The highest median tax bill in the area is $8,130, found in the 14722 zip code. These rates significantly impact homeowners, often making property taxes a substantial part of annual expenses. Compared to the national median property tax rate of 0.99%, Chautauqua's property taxes can be notably higher, reflecting the local economic conditions and funding requirements for public services.
Average Chautauqua Tax Bill
$8,130
Average Chautauqua County Tax Bill
$2,807
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Chautauqua, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14722 | $1,855 | $3,402 | $8,130 | $11,507 | $15,000 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Chautauqua Assessment Review Commission | |
| Website | chautauquacounty.maps.arcgis.com |