Big Flats, Chemung County, New York Property Taxes
Median BIG FLATS, NY effective property tax rate: 2.73%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median BIG FLATS, NY home value: $172,800
Median annual BIG FLATS, NY tax bill: $4,759, $2,359 higher than the national median property tax bill of $2,400.
How are property taxes in Chemung calculated?
Property taxes in BIG FLATS, 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 BIG FLATS’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in BIG FLATS, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Big Flats, Chemung County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.73%
Estimate Property Tax Bill
$4,717
$4,378
Property Tax Rates Across Big Flats, Chemung County, New York
Local government entities in New York, including those in Chemung County, establish tax rates that can differ significantly across the state. This variation arises because each county annually calculates its budgetary needs to fund services and divides that figure by the total assessed value of all taxable property within its borders. The resulting figure determines the property tax rate. Although the process involves votes and legislation, this is the fundamental annual procedure for setting property tax rates.
In Big Flats, the effective property tax rate stands at 2.73%, which is notably higher than New York's median property tax rate. This rate also surpasses the national median property tax rate of 1.02%. When comparing Big Flats to other cities in New York, it becomes evident that Big Flats has one of the highest median tax rates in the state. This rate impacts homeowners significantly, as it contributes to higher property tax bills compared to the national median of $2,400. Understanding these differences can help property owners make informed decisions about their investments and financial planning.
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 Big Flats Tax Rate
2.73%
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 Chemung County Tax Rate
2.93%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Big Flats, Chemung County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14814 | 2.69% | 2.73% | 2.73% | 2.78% | 2.80% |
Source: Ownwell
Property Tax Assessment Values Across Big Flats, Chemung County, New York
When examining property taxes in Big Flats, 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 Chemung 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 Chemung 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 Big Flats. For example, the median home price in Big Flats is $172,800, with tax bills ranging significantly across the county. Zip code 14814 has the highest median home price at $172,800.
Property Tax Assessment Values Across Big Flats, Chemung County, New York
Source: Ownwell
$64,286
$118,543
$172,800
Median Big Flats Market Value
$172,800
Median Chemung County Market Value
$104,684
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Big Flats, Chemung County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14814 | $66,040 | $110,600 | $172,800 | $226,550 | $272,310 |
Source: Ownwell
Property Tax Bills Across Big Flats, Chemung County, New York
Median Big Flats Tax Bill
$4,759
Median Chemung County Tax Bill
$3,435
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Big Flats, Chemung County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14814 | $1,843 | $3,047 | $4,759 | $6,215 | $7,462 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Chemung Assessment Review Commission | |
| Website | www.arcgis.com |