Pine Valley, Chemung County, New York Property Taxes
Median Pine Valley, NY effective property tax rate: 2.58%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Pine Valley, NY home value: $97,191
Median annual Pine Valley, NY tax bill: $2,575, $175 higher than the national median property tax bill of $2,400.
How are property taxes in Chemung calculated?
Property taxes in Pine Valley, 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 Pine Valley’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Pine Valley, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Pine Valley, Chemung County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.58%
Estimate Property Tax Bill
$2,508
$2,327
Property Tax Rates Across Pine Valley, Chemung County, New York
Local government entities are responsible for setting property tax rates, leading to significant variations within a state. This is because each county annually determines its budget needs to provide essential services and divides this amount by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Though voting and legislation play roles in setting these rates and budgets, this is the essence of the process.
In Pine Valley, located in Chemung County, NY, the effective property tax rate stands at 2.58%. This rate is notably higher than the national median property tax rate of 1.02%, highlighting the regional differences in tax burdens. When compared to other cities in New York, Pine Valley's rate matches the highest in the state, emphasizing the importance of understanding local tax dynamics. While property taxes can be a significant expense for homeowners, being informed about how these rates are determined and how they compare to other areas can empower property owners to make better financial decisions.
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 Pine Valley Tax Rate
2.58%
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 Pine Valley, Chemung County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14872 | 2.45% | 2.56% | 2.58% | 2.59% | 2.59% |
Source: Ownwell
Property Tax Assessment Values Across Pine Valley, Chemung County, New York
When examining property taxes in Pine Valley, 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 April. 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 Pine Valley.
For example, the median home price in Pine Valley is $97,191, with tax bills ranging significantly across the county. Zip code 14872 has the highest median home price at $97,191.
Property Tax Assessment Values Across Pine Valley, Chemung County, New York
Source: Ownwell
$64,286
$118,543
$172,800
Median Pine Valley Market Value
$97,191
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 Pine Valley, Chemung County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14872 | $27,148 | $68,428 | $97,191 | $158,540 | $241,573 |
Source: Ownwell
Property Tax Bills Across Pine Valley, Chemung County, New York
In Pine Valley, Chemung County, NY, property tax bills are determined by assessing the property's market value and applying the local tax rate. Homeowners in this region face varying tax bills, with the 25th percentile paying around $1,754, while those in the 75th percentile see bills as high as $4,084. The 90th percentile tax bill can reach up to $6,196. These figures reflect the significant impact property taxes have on homeowners' finances, especially when compared to the national median property tax rate of 1.02% and a median tax bill of $2,400.
Ownwell offers a solution for homeowners looking to reduce their property tax burden. By providing professional property tax appeal and exemption services, Ownwell helps homeowners challenge their assessed values, potentially lowering their tax bills. With expertise in navigating local tax regulations, Ownwell can identify discrepancies in assessments and advocate for fairer valuations, ensuring homeowners in Pine Valley pay only what they rightfully owe.
Median Pine Valley Tax Bill
$2,575
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 Pine Valley, Chemung County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14872 | $692 | $1,754 | $2,575 | $4,084 | $6,196 |
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 |