Chenango Forks, Chenango County, New York Property Taxes

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

Median CHENANGO FORKS, NY effective property tax rate: 2.98%, significantly higher than the national median of 1.02%, but lower than the NY state median of 2.39%.
Median CHENANGO FORKS, NY home value: $127,750
Median annual CHENANGO FORKS, NY tax bill: $3,895, $1,495 higher than the national median property tax bill of $2,400.

How are property taxes in Chenango calculated?

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

Last Updated March 1, 2025

Chenango Forks, Chenango County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.98%

Estimate Property Tax Bill

$3,807

$3,533

Ownwell’s Chenango Forks Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Chenango Forks with just two data points. By entering your property's estimated assessed value, our calculator applies Chenango Forks’ 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 Chenango County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Chenango Forks, Chenango County, New York

Local government entities determine tax rates, which can differ significantly within New York. Each county estimates its necessary budget to provide services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell. In Chenango Forks, located in Chenango County, the effective property tax rate is 2.98%, which is notably higher than the national median property tax rate of 1.02%. This rate places Chenango Forks at the top within New York, with the highest and lowest median tax rates both being 2.98% in the area. Comparatively, homeowners in Chenango Forks face property tax bills that are significantly above the national median of $2,400. Understanding these rates can help property owners in Chenango Forks make informed decisions about tax appeals and exemptions, potentially leading to significant savings.

Property Tax Rates Across Chenango Forks, Chenango County, New York

Source: Ownwell

2.68%

3.07%

3.45%

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 Chenango Forks Tax Rate

2.98%

Median Effective Chenango County Tax Rate

3.08%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Chenango Forks, Chenango County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
13746	2.91%	2.98%	2.98%	3.04%	3.55%

Source: Ownwell

Property Tax Assessment Values Across Chenango Forks, Chenango County, New York

When examining property taxes in Chenango Forks, 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. Chenango County 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 Chenango 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 Chenango Forks.

For example, the median home price in Chenango Forks is $127,750, with tax bills ranging significantly across the county. Zip code 13746 has the highest median home price at $127,750.

Property Tax Assessment Values Across Chenango Forks, Chenango County, New York

Source: Ownwell

$56,790

$92,270

$127,750

Median Chenango Forks Market Value

$127,750

Median Chenango County Market Value

$92,500

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Chenango Forks, Chenango County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
13746	$50,250	$85,625	$127,750	$172,750	$232,250

Source: Ownwell

Property Tax Bills Across Chenango Forks, Chenango County, New York

In Chenango Forks, 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 final tax bill. Homeowners in Chenango Forks face a median property tax bill of $3,895, significantly higher than the national median of $2,400. This can be attributed to the higher property tax rates in New York. Factors such as location, property size, and market conditions influence the assessed value, impacting the overall tax bill. For homeowners, this can mean a substantial financial burden, especially when the tax bill reaches the 90th percentile at $7,071.

Ownwell offers a solution to alleviate this burden by providing property tax appeal services. By reviewing property assessments and identifying discrepancies, Ownwell helps homeowners reduce their tax liabilities. With expert knowledge and personalized assistance, homeowners can potentially save a significant amount on their property tax bills, ensuring they pay no more than their fair share.

Property Tax Bills Across Chenango Forks, Chenango County, New York

Source: Ownwell

$1,671

$2,788

$3,904

Median Chenango Forks Tax Bill

$3,895

Median Chenango County Tax Bill

$2,965

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Chenango Forks, Chenango County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
13746	$1,544	$2,581	$3,895	$5,390	$7,071

Source: Ownwell