Cayuta, Chemung County, New York Property Taxes

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

Median Cayuta, NY effective property tax rate: 2.29%, significantly higher than the national median of 1.02%, but lower than the NY state median of 2.39%.
Median Cayuta, NY home value: $121,134
Median annual Cayuta, NY tax bill: $2,903, $503 higher than the national median property tax bill of $2,400.

How are property taxes in Chemung calculated?

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

Last Updated March 1, 2025

Cayuta, Chemung County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.29%

Estimate Property Tax Bill

$2,774

$2,574

Ownwell’s Cayuta Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cayuta with just two data points. By entering your property's estimated assessed value, our calculator applies Cayuta’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your 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 Chemung County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cayuta, Chemung County, New York

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services annually and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell. In Cayuta, Chemung County, NY, the effective property tax rate is a significant consideration for homeowners. With a median tax rate of 2.29%, it stands notably higher than the national median property tax rate of 1.02%. This disparity highlights the importance of understanding local tax obligations. Compared to the national median property tax bill of $2,400, residents of Cayuta may find themselves paying more in property taxes. This underscores the value of exploring property tax appeal and exemption services to ensure fair assessments. Understanding these local nuances can help homeowners make informed decisions and potentially reduce their tax burden.

Property Tax Rates Across Cayuta, Chemung County, New York

Source: Ownwell

2.29%

3.58%

4.87%

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 Cayuta Tax Rate

2.29%

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 Cayuta, Chemung County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
14824	2.24%	2.24%	2.29%	2.50%	2.77%

Source: Ownwell

Property Tax Assessment Values Across Cayuta, Chemung County, New York

When examining property taxes in Cayuta, 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 Assessor's Office 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 Cayuta.

For example, the median home price in Cayuta is $121,134, with tax bills ranging significantly across the county. Zip code 14824 has the highest median home price at $121,134.

Property Tax Assessment Values Across Cayuta, Chemung County, New York

Source: Ownwell

$64,286

$118,543

$172,800

Median Cayuta Market Value

$121,134

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 Cayuta, Chemung County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
14824	$43,650	$87,500	$121,134	$176,558	$224,507

Source: Ownwell

Property Tax Bills Across Cayuta, Chemung County, New York

Property tax bills in Cayuta, Chemung County, NY, are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor and is intended to reflect the property's market value. Homeowners in Cayuta typically face a median property tax bill of $2,903, which is higher than the national median of $2,400. The tax bill can vary significantly, with the 25th percentile at $2,014 and the 75th percentile reaching $4,272. Several factors influence these variations, including property size, location, and improvements. For homeowners, these taxes can represent a significant financial burden, especially in areas with rapidly increasing market values. Ownwell can assist homeowners by reviewing their property assessments and identifying potential errors or opportunities for exemptions. By appealing the assessment or securing exemptions, Ownwell helps reduce the overall tax burden, ensuring homeowners only pay their fair share. This service can lead to substantial savings, making homeownership more affordable in Cayuta.

Property Tax Bills Across Cayuta, Chemung County, New York

Source: Ownwell

$2,345

$3,620

$4,894

Median Cayuta Tax Bill

$2,903

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 Cayuta, Chemung County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
14824	$1,086	$2,014	$2,903	$4,272	$5,333

Source: Ownwell

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Dates

Links
Chemung Assessment Review Commission
Website	www.arcgis.com