Lowman, Chemung County, New York Property Taxes

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

Median Lowman, NY effective property tax rate: 2.88%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Lowman, NY home value: $111,831
Median annual Lowman, NY tax bill: $3,059, $659 higher than the national median property tax bill of $2,400.

How are property taxes in Chemung calculated?

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

Last Updated March 1, 2025

Lowman, Chemung County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.88%

Estimate Property Tax Bill

$3,221

$2,989

Ownwell’s Lowman Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lowman with just two data points. By entering your property's estimated assessed value, our calculator applies Lowman’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 Lowman, Chemung County, New York

Local government entities set tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. The result of this calculation is the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell. You can compare Lowman's effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S. Lowman, located in Chemung County, experiences a property tax rate significantly higher than the national median of 1.02%. This places a noticeable difference in the property tax burden for residents when compared to the national landscape. Such variations highlight the importance of understanding local tax dynamics, as they can impact homeowners' financial responsibilities. By staying informed and utilizing property tax appeal services, homeowners can potentially reduce their property tax liabilities and alleviate some of the financial pressure associated with higher tax rates.

Property Tax Rates Across Lowman, 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 Lowman Tax Rate

2.88%

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 Lowman, Chemung County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
14861	2.40%	2.70%	2.88%	2.91%	2.91%

Source: Ownwell

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

When examining property taxes in Lowman, 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 Lowman. For example, the median home price in Lowman is $111,831, with tax bills ranging significantly across the county. Zip code 14861 has the highest median home price at $111,831.

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

Source: Ownwell

$64,286

$118,543

$172,800

Median Lowman Market Value

$111,831

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 Lowman, Chemung County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
14861	$39,948	$70,423	$111,831	$153,200	$209,515

Source: Ownwell

Property Tax Bills Across Lowman, Chemung County, New York

In Lowman, Chemung County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The tax rate is applied to this assessed value, resulting in the annual tax bill. Factors influencing the assessed value include the market conditions, the property's location, and its condition. In Lowman, the median tax bill is notably higher than the national median, with the 25th percentile tax bill at $1,842 and the 75th percentile reaching $4,298. This can place a significant financial burden on homeowners, especially as tax bills can vary widely even within the same area. Ownwell assists homeowners in reducing their property tax bills by providing expert property tax appeal services. By analyzing your property's assessed value and comparing it to similar properties, Ownwell identifies discrepancies that may lead to over-assessment. This targeted approach can significantly lower your tax burden, ensuring you only pay what is fair.

Property Tax Bills Across Lowman, Chemung County, New York

Source: Ownwell

$2,345

$3,620

$4,894

Median Lowman Tax Bill

$3,059

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 Lowman, Chemung County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
14861	$1,033	$1,842	$3,059	$4,298	$5,832

Source: Ownwell

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Dates

Links
Chemung Assessment Review Commission
Website	www.arcgis.com