Portland, New York Property Taxes
The median property tax rate in Portland, NY is 3.19%, 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 Portland, the typical annual property tax bill reaches $3,265, exceeding the national median of $2,690. Property taxes in Portland are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Portland'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 Portland 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
Portland, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.19%
Estimate Property Tax Bill
$3,176
$3,140
Ownwell’s Portland Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Portland with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Portland to provide an accurate estimate of your property tax bill. This tool offers valuable insights into potential tax liabilities, helping you plan your finances better. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Portland, New York
Property taxes in Portland, 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 Portland is 3.19%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Portland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Portland 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 Portland's effective property tax rate to other counties in New York and the national median. For comparison, the 14769 zip code has the highest median property tax rate of 3.19%, while the same zip code also has the lowest median tax rate of 3.19%. Understanding how these areas compare with Portland 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 Portland Tax Rate
3.19%
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 Portland, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14769 | 3.06% | 3.18% | 3.19% | 3.40% | 3.57% |
Source: Ownwell
Property Tax Assessment Values Across Portland, New York
In Portland, New York, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Chautauqua County 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. In Portland, assessment notices 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Portland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Portland is $3265 in the 14769 zip code, while the lowest median tax bill is also $3265 in the same zip code. The median home price in Portland is $99,550, with tax bills ranging from $2,147 at the 25th percentile to $6,343 at the 90th percentile.
Average Portland Assessed Value
$99,550
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 Portland, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14769 | $37,800 | $66,700 | $99,550 | $143,850 | $200,000 |
Source: Ownwell
Property Tax Bills Across Portland, New York
Property tax bills in Portland, located in Chautauqua County, NY, are determined by several key factors. The tax bill is primarily based on the assessed value of a property, which is determined by local assessors. For instance, with a median home price of $99,550, the assessed value plays a crucial role in calculating the tax bill. The local tax rate is then applied to this assessed value. In Portland, property tax rates are significantly higher than the national median property tax rate of 0.99%. Homeowners in Portland can expect tax bills that vary widely. At the 25th percentile, tax bills are around $2,147, while those at the 75th percentile reach approximately $4,714. For the top 10% of homeowners, tax bills can soar to $6,343. These variations highlight the impact of property values and local tax rates on the overall tax burden. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances more effectively.
Average Portland Tax Bill
$3,265
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 Portland, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14769 | $1,202 | $2,147 | $3,265 | $4,714 | $6,343 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
|---|
Links | |
|---|---|
| Chautauqua Assessment Review Commission | |
| Website | chautauquacounty.maps.arcgis.com |