Cincinnatus, Chenango County, New York Property Taxes

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

Median Cincinnatus, NY effective property tax rate: 2.94%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%. Median Cincinnatus, NY home value: $56,790. Median annual Cincinnatus, NY tax bill: $1,671, $729 lower than the national median property tax bill of $2,400.

How are property taxes in Chenango calculated?

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

Last Updated March 1, 2025

Cincinnatus, Chenango County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.94%

Estimate Property Tax Bill

$1,670

$1,549

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

Property Tax Rates Across Cincinnatus, Chenango County, New York

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Cincinnatus in Chenango County, NY, stands out with an effective property tax rate that is notably higher than the national median of 1.02%. The median property tax rate in this area is 2.94%, which is considerably above the national average. This means homeowners in Cincinnatus are paying more than double the typical property tax rate found across the United States. Such a high rate can significantly impact the overall cost of homeownership, making it crucial for property owners in the area to explore possible exemptions and appeals. By understanding the local tax landscape and comparing it with broader trends, homeowners can make informed decisions about their property taxes.

Property Tax Rates Across Cincinnatus, 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 Cincinnatus Tax Rate

2.94%

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 Cincinnatus, Chenango County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
13040	2.94%	2.94%	2.94%	2.96%	3.07%

Source: Ownwell

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

When examining property taxes in Cincinnatus, 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 Chenango 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 Chenango 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 Cincinnatus.

For example, the median home price in Cincinnatus is $56,790, with tax bills ranging significantly across the county. The zip code 13040 has the highest median home price at $56,790.

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

Source: Ownwell

$56,790

$92,270

$127,750

Median Cincinnatus Market Value

$56,790

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 Cincinnatus, Chenango County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
13040	$22,815	$31,358	$56,790	$103,704	$150,707

Source: Ownwell

Property Tax Bills Across Cincinnatus, Chenango County, New York

In Cincinnatus, located in Chenango County, NY, property tax bills are calculated based on the assessed value of a home. This value is determined by local assessors who evaluate the property’s market value. The tax rate, applied to this assessed value, influences the final tax bill. With a median home price of $56,790, homeowners here face varying tax bills. The 25th percentile tax bill is $926, while the 75th percentile reaches $2,991, and the 90th percentile can go up to $4,510. These figures show significant variation, reflecting different property values and tax rates within the area. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Cincinnatus presents a unique landscape for homeowners. Ownwell offers services to help homeowners in Cincinnatus reduce their tax burden. By identifying potential errors in assessments and applying for exemptions, Ownwell can assist in lowering property tax bills, ensuring homeowners only pay what is fair.

Property Tax Bills Across Cincinnatus, Chenango County, New York

Source: Ownwell

$1,671

$2,788

$3,904

Median Cincinnatus Tax Bill

$1,671

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 Cincinnatus, Chenango County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
13040	$662	$926	$1,671	$2,991	$4,510

Source: Ownwell