Wellsburg, Chemung County, New York Property Taxes

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

Median Wellsburg, NY effective property tax rate: 3.14%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Wellsburg, NY home value: $104,895
Median annual Wellsburg, NY tax bill: $3,325, $925 higher than the national median property tax bill of $2,400.

How are property taxes in Chemung calculated?

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

Last Updated March 1, 2025

Wellsburg, Chemung County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.14%

Estimate Property Tax Bill

$3,294

$3,056

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

Local government entities set property tax rates, leading to significant variations within a state. This variation stems from each county's annual budget estimation to fund services, which is then divided by the total value of all taxable property within its area. This calculation determines the property tax rate. While votes and laws influence this process, this is the essential annual procedure.

In Wellsburg, located in Chemung County, NY, the effective property tax rate is a point of interest. When compared to other cities in New York, Wellsburg's rate reflects the broader tax landscape of the state. New York's median property tax rate is notably higher than the national median of 1.02%. This places Wellsburg and other similar regions at a distinct position in terms of property tax burdens. Understanding these rates is crucial for property owners aiming to manage their expenses effectively. By comparing Wellsburg's tax rate to both state and national figures, property owners can gain valuable insights into their financial obligations and explore potential avenues for tax appeals or exemptions.

Property Tax Rates Across Wellsburg, 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 Wellsburg Tax Rate

3.14%

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 Wellsburg, Chemung County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
14894	2.66%	3.03%	3.14%	3.56%	3.56%

Source: Ownwell

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

When examining property taxes in Wellsburg, 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. Assessment notices: 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 Wellsburg. For example, the median home price in Wellsburg is $104,895, with tax bills ranging significantly across the county. 14894 has the highest median home price at $104,895.

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

Source: Ownwell

$64,286

$118,543

$172,800

Median Wellsburg Market Value

$104,895

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 Wellsburg, Chemung County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
14894	$49,650	$76,923	$104,895	$139,860	$167,832

Source: Ownwell

Property Tax Bills Across Wellsburg, Chemung County, New York

In Wellsburg, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. In Chemung County, the median property tax bill is $3,325, significantly higher than the national median of $2,400. Factors such as property size, location, and market conditions influence the assessed value, impacting the tax bill. Homeowners in Wellsburg may find themselves paying between $2,414 at the 25th percentile and $5,145 at the 90th percentile, depending on these factors. This can place a financial burden on homeowners, especially when the assessed value does not accurately reflect the property's market value. Ownwell can assist homeowners by providing expert property tax appeal services, ensuring that their property is fairly assessed. By identifying discrepancies and submitting appeals, Ownwell helps reduce tax bills, potentially saving homeowners hundreds or even thousands of dollars annually.

Property Tax Bills Across Wellsburg, Chemung County, New York

Source: Ownwell

$2,345

$3,620

$4,894

Median Wellsburg Tax Bill

$3,325

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 Wellsburg, Chemung County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
14894	$1,602	$2,414	$3,325	$4,279	$5,145

Source: Ownwell

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Dates

Links
Chemung Assessment Review Commission
Website	www.arcgis.com