Chemung County Property Taxes
The median property tax rate in Chemung County is 2.93%, which is significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Chemung County, the typical annual property tax bill reaches $3,435, which exceeds the national median of $2,690. Property taxes in Chemung County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Chemung County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Elmira or another part of Chemung County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Chemung County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.93%
Estimate Property Tax Bill
$3,067
$3,033
Ownwell’s Chemung County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chemung County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Chemung County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Chemung County, New York
Property taxes in Chemung County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Chemung County is 2.93%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Chemung County set these rates annually, and they can vary significantly between different areas within the county. Each year, Chemung County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Elmira Heights has one of the higher property tax rates in New York at 3.89%, while the city of Cayuta boasts one of the lowest at 2.29%. Analyzing how Chemung County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Chemung County Tax Rate
2.93%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chemung County, New York
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alpine | 2.29% | 2.29% | 2.29% | 2.55% | 2.55% |
| Beaver Dams | 2.59% | 3.20% | 3.24% | 3.37% | 3.40% |
| Big Flats | 2.69% | 2.73% | 2.73% | 2.78% | 2.80% |
| Breesport | 2.30% | 2.48% | 2.50% | 2.50% | 2.50% |
| Cayuta | 2.24% | 2.24% | 2.29% | 2.50% | 2.77% |
| Chemung | 2.34% | 2.40% | 2.40% | 2.48% | 2.48% |
| Corning | 2.56% | 2.77% | 3.39% | 3.39% | 3.39% |
| Elmira | 2.69% | 2.91% | 3.89% | 4.91% | 5.28% |
| Elmira Heights | 3.21% | 3.83% | 3.89% | 3.89% | 3.89% |
| Erin | 2.48% | 2.77% | 2.77% | 2.85% | 2.85% |
| Horseheads | 2.42% | 2.48% | 2.64% | 2.94% | 2.94% |
| Lockwood | 2.40% | 2.40% | 2.77% | 2.84% | 2.88% |
| Lowman | 2.40% | 2.70% | 2.88% | 2.91% | 2.91% |
| Millport | 2.34% | 2.58% | 2.58% | 2.89% | 3.03% |
| Newfield | 2.55% | 2.67% | 2.88% | 2.88% | 2.88% |
| Pine City | 2.58% | 2.65% | 2.68% | 2.72% | 2.72% |
| Pine Valley | 2.45% | 2.56% | 2.58% | 2.59% | 2.59% |
| Van Etten | 2.77% | 2.88% | 2.88% | 3.09% | 3.34% |
| Waverly | 2.29% | 2.40% | 2.40% | 2.40% | 2.40% |
| Wellsburg | 2.66% | 3.03% | 3.14% | 3.56% | 3.56% |
Source: Ownwell
Property Tax Assessment Values Across Chemung County, New York
In Chemung County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Chemung County Appraisal District. The assessed value, however, 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 Chemung County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For example, Corning has the highest median tax bill at $4,894, while Elmira Heights has the lowest at $2,313. Being aware of these valuation processes in Chemung County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Chemung County, New York
Source: Ownwell
$58,228
$115,514
$172,800
Average Chemung County Assessed Value
$104,684
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chemung County, New York
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alpine | $64,989 | $83,505 | $111,856 | $245,361 | $354,021 |
| Beaver Dams | $17,978 | $73,034 | $92,584 | $149,438 | $228,090 |
| Big Flats | $66,040 | $110,600 | $172,800 | $226,550 | $272,310 |
| Breesport | $70,800 | $99,350 | $141,700 | $182,550 | $257,520 |
| Cayuta | $43,650 | $87,500 | $121,134 | $176,558 | $224,507 |
| Chemung | $40,950 | $68,250 | $99,750 | $141,750 | $210,920 |
| Corning | $74,087 | $115,300 | $155,600 | $212,200 | $273,092 |
| Elmira | $45,714 | $60,000 | $78,571 | $117,143 | $181,820 |
| Elmira Heights | $19,850 | $33,216 | $58,228 | $62,342 | $130,596 |
| Erin | $49,652 | $85,606 | $128,258 | $175,492 | $237,758 |
| Horseheads | $82,620 | $115,400 | $153,800 | $207,865 | $302,763 |
| Lockwood | $43,845 | $63,000 | $104,225 | $147,000 | $226,800 |
| Lowman | $39,948 | $70,423 | $111,831 | $153,200 | $209,515 |
| Millport | $36,082 | $59,614 | $94,845 | $139,175 | $202,268 |
| Newfield | $91,929 | $117,494 | $160,101 | $247,253 | $299,544 |
| Pine City | $72,556 | $105,778 | $142,889 | $187,278 | $244,078 |
| Pine Valley | $27,148 | $68,428 | $97,191 | $158,540 | $241,573 |
| Van Etten | $38,734 | $73,595 | $108,456 | $150,740 | $197,673 |
| Waverly | $50,400 | $90,300 | $126,000 | $173,250 | $257,250 |
| Wellsburg | $49,650 | $76,923 | $104,895 | $139,860 | $167,832 |
Source: Ownwell
Property Tax Bills Across Chemung County, New York
In Chemung County, NY, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by local assessors and reflects a percentage of your property's market value. This assessed value is then multiplied by the local tax rate to determine your annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. For homeowners in Chemung County, the median home price stands at $104,684. Depending on the specific area, tax bills can vary significantly. For instance, in Corning, the highest median tax bill reaches $4,894, while in Elmira Heights, the lowest median tax bill is $2,313. These tax bills can have a substantial impact on homeowners. For example, the tax bill at the 25th percentile is $2,556, climbing to $4,577 at the 75th percentile, and reaching $6,350 at the 90th percentile. Compared to the national median property tax rate of 0.99%, Chemung County's rates can be relatively higher, affecting the overall affordability for residents.
Average Chemung County Tax Bill
$3,435
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Chemung County, New York
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alpine | $1,626 | $1,982 | $2,638 | $5,894 | $8,505 |
| Beaver Dams | $540 | $2,386 | $3,039 | $4,625 | $6,884 |
| Big Flats | $1,843 | $3,047 | $4,759 | $6,215 | $7,462 |
| Breesport | $1,650 | $2,385 | $3,498 | $4,572 | $6,182 |
| Cayuta | $1,086 | $2,014 | $2,903 | $4,272 | $5,333 |
| Chemung | $998 | $1,636 | $2,345 | $3,370 | $4,714 |
| Corning | $2,437 | $3,617 | $4,894 | $6,458 | $8,399 |
| Elmira | $1,850 | $2,478 | $3,227 | $4,106 | $5,518 |
| Elmira Heights | $1,127 | $2,214 | $2,313 | $2,460 | $5,537 |
| Erin | $1,406 | $2,354 | $3,458 | $4,791 | $6,409 |
| Horseheads | $2,239 | $3,141 | $4,098 | $5,437 | $7,768 |
| Lockwood | $1,072 | $1,665 | $2,895 | $4,049 | $5,517 |
| Lowman | $1,033 | $1,842 | $3,059 | $4,298 | $5,832 |
| Millport | $994 | $1,651 | $2,452 | $3,464 | $4,889 |
| Newfield | $2,514 | $3,054 | $3,953 | $6,787 | $8,487 |
| Pine City | $1,941 | $2,841 | $3,819 | $5,035 | $6,601 |
| Pine Valley | $692 | $1,754 | $2,575 | $4,084 | $6,196 |
| Van Etten | $1,318 | $2,219 | $3,306 | $4,366 | $5,698 |
| Waverly | $1,181 | $2,164 | $2,994 | $4,154 | $6,178 |
| Wellsburg | $1,602 | $2,414 | $3,325 | $4,279 | $5,145 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Links | |
|---|---|
| Chemung Assessment Review Commission | |
| Website | www.arcgis.com |