Buffalo, Erie County, New York Property Taxes
Median Buffalo, NY effective property tax rate: 0.41%, significantly lower than the national median of 1.02%, but lower than the NY state median of 2.39%.
Median Buffalo, NY home value: $165,000
Median annual Buffalo, NY tax bill: $1,143, $1,257 lower than the national median property tax bill of $2,400.
How are property taxes in Erie calculated?
Property taxes in Buffalo, 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 Buffalo’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Buffalo, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Buffalo, Erie County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.41%
Estimate Property Tax Bill
$676
$628
Ownwell’s Buffalo Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Buffalo with just two data points. By entering your property's estimated assessed value, our calculator applies Buffalo’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Erie 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 Erie County. With the national median property tax rate at 1.02% and the median property tax bill at $2400, understanding your local tax landscape is essential. Buffalo showcases a range of property tax bills, with some areas experiencing significantly higher or lower bills than the national average.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Buffalo, Erie County, New York
Local government entities are responsible for setting tax rates, which can vary significantly across different areas within a state. Each year, counties estimate their necessary budget to fund public services and divide this by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. While votes and legislation play a role in establishing these rates and budgets, this is the basic yearly process.
In Buffalo, located in Erie County, the effective property tax rate is a topic of comparison to other cities in New York and the median property tax rates at both the state and national levels. Erie County's rates reflect a range from the lowest median tax rate of 0.41% to the highest at 3.30% in specific areas. With the national median property tax rate at 1.02% and the median tax bill at $2,400, Buffalo's rates offer a unique perspective on how local property taxes are assessed. Understanding these differences can help property owners make informed decisions regarding property investments and appeals.
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 Buffalo Tax Rate
0.41%
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 Erie County Tax Rate
1.96%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Buffalo, Erie County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14201 | 0.39% | 0.41% | 0.41% | 0.41% | 0.41% |
| 14202 | 0.25% | 0.32% | 0.41% | 0.41% | 0.41% |
| 14203 | 0.41% | 0.41% | 0.41% | 0.50% | 2.69% |
| 14204 | 0.20% | 0.40% | 0.41% | 0.41% | 0.41% |
| 14206 | 0.34% | 0.41% | 0.41% | 0.41% | 0.41% |
| 14207 | 0.40% | 0.41% | 0.41% | 0.41% | 0.41% |
| 14208 | 0.34% | 0.41% | 0.41% | 0.41% | 0.41% |
| 14209 | 0.40% | 0.41% | 0.41% | 0.41% | 0.41% |
| 14210 | 0.34% | 0.41% | 0.41% | 0.41% | 2.59% |
| 14211 | 0.40% | 0.41% | 0.41% | 0.41% | 0.41% |
| 14212 | 0.40% | 0.40% | 0.41% | 0.41% | 0.41% |
| 14213 | 0.40% | 0.41% | 0.41% | 0.41% | 0.41% |
| 14214 | 0.39% | 0.41% | 0.41% | 0.41% | 0.41% |
| 14215 | 0.39% | 0.41% | 0.41% | 0.41% | 0.41% |
| 14216 | 0.38% | 0.41% | 0.41% | 0.41% | 0.41% |
| 14217 | 3.09% | 3.27% | 3.29% | 3.30% | 3.31% |
| 14218 | N/A | N/A | N/A | N/A | N/A |
| 14219 | N/A | N/A | N/A | N/A | N/A |
| 14220 | 0.35% | 0.41% | 0.41% | 0.41% | 0.41% |
| 14221 | 2.13% | 2.23% | 2.29% | 2.35% | 2.48% |
| 14222 | 0.41% | 0.41% | 0.41% | 0.41% | 0.41% |
| 14223 | 3.10% | 3.26% | 3.30% | 3.32% | 3.35% |
| 14224 | 2.50% | 2.74% | 2.82% | 2.89% | 2.94% |
| 14225 | 0.41% | 0.41% | 2.39% | 2.52% | 2.60% |
| 14226 | 2.46% | 2.54% | 2.61% | 2.73% | 2.86% |
| 14227 | 0.37% | 0.40% | 0.41% | 1.82% | 2.32% |
| 14228 | 2.25% | 2.39% | 2.68% | 2.79% | 2.93% |
Source: Ownwell
Property Tax Assessment Values Across Buffalo, Erie County, New York
When examining property taxes in Buffalo, 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 Erie 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 Erie 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 Buffalo.
For example, the median home price in Buffalo is $165,000, with tax bills ranging significantly across the county. Zip code 14202 has the highest median home price at $448,700.
Property Tax Assessment Values Across Buffalo, Erie County, New York
Source: Ownwell
$38,500
$243,600
$448,700
Median Buffalo Market Value
$165,000
Median Erie County Market Value
$186,335
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Buffalo, Erie County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14201 | $94,900 | $141,000 | $238,500 | $314,100 | $384,600 |
| 14202 | $224,080 | $375,000 | $448,700 | $576,900 | $780,560 |
| 14203 | $65,900 | $109,000 | $130,800 | $165,550 | $195,840 |
| 14204 | $37,200 | $51,300 | $71,800 | $165,400 | $173,100 |
| 14206 | $42,300 | $67,600 | $91,000 | $135,000 | $156,000 |
| 14207 | $61,500 | $78,200 | $93,600 | $106,400 | $120,500 |
| 14208 | $38,500 | $51,300 | $66,700 | $85,900 | $160,300 |
| 14209 | $9,600 | $72,125 | $140,900 | $357,700 | $521,800 |
| 14210 | $42,300 | $58,375 | $94,900 | $114,100 | $134,929 |
| 14211 | $27,420 | $37,200 | $44,900 | $60,300 | $116,000 |
| 14212 | $19,200 | $25,600 | $38,500 | $129,000 | $147,000 |
| 14213 | $66,700 | $103,800 | $151,300 | $209,000 | $278,200 |
| 14214 | $55,100 | $102,600 | $173,100 | $297,400 | $401,300 |
| 14215 | $44,900 | $53,800 | $65,400 | $85,900 | $151,000 |
| 14216 | $159,000 | $193,600 | $252,600 | $301,300 | $360,300 |
| 14217 | $140,300 | $151,700 | $166,200 | $183,400 | $205,200 |
| 14218 | N/A | N/A | N/A | N/A | N/A |
| 14219 | N/A | N/A | N/A | N/A | N/A |
| 14220 | $88,500 | $111,500 | $146,200 | $173,100 | $197,400 |
| 14221 | $123,550 | $215,767 | $274,518 | $337,800 | $466,200 |
| 14222 | $248,820 | $321,800 | $406,400 | $519,200 | $666,700 |
| 14223 | $146,360 | $162,800 | $181,000 | $206,200 | $241,400 |
| 14224 | $126,000 | $161,000 | $195,000 | $242,700 | $311,380 |
| 14225 | $118,000 | $146,000 | $165,000 | $182,000 | $204,000 |
| 14226 | $127,000 | $160,800 | $202,700 | $267,600 | $384,580 |
| 14227 | $152,000 | $173,000 | $188,000 | $211,000 | $245,000 |
| 14228 | $82,400 | $176,350 | $229,700 | $294,600 | $445,900 |
Source: Ownwell
Property Tax Bills Across Buffalo, Erie County, New York
Median Buffalo Tax Bill
$1,143
Median Erie County Tax Bill
$2,315
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Buffalo, Erie County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14201 | $348 | $535 | $935 | $1,257 | $1,554 |
| 14202 | $835 | $1,423 | $1,750 | $2,117 | $2,749 |
| 14203 | $154 | $291 | $676 | $4,471 | $38,540 |
| 14204 | $114 | $187 | $265 | $577 | $691 |
| 14206 | $130 | $213 | $301 | $395 | $535 |
| 14207 | $213 | $296 | $369 | $431 | $509 |
| 14208 | $135 | $187 | $265 | $338 | $646 |
| 14209 | $39 | $265 | $561 | $1,420 | $2,105 |
| 14210 | $156 | $218 | $374 | $483 | $2,245 |
| 14211 | $94 | $130 | $172 | $213 | $279 |
| 14212 | $62 | $88 | $114 | $151 | $296 |
| 14213 | $255 | $395 | $598 | $832 | $1,117 |
| 14214 | $213 | $390 | $681 | $1,185 | $1,651 |
| 14215 | $156 | $203 | $244 | $307 | $364 |
| 14216 | $572 | $748 | $998 | $1,216 | $1,466 |
| 14217 | $4,515 | $4,945 | $5,527 | $6,180 | $8,406 |
| 14218 | N/A | N/A | N/A | N/A | N/A |
| 14219 | N/A | N/A | N/A | N/A | N/A |
| 14220 | $322 | $421 | $580 | $733 | $987 |
| 14221 | $2,404 | $4,953 | $6,443 | $7,737 | $10,080 |
| 14222 | $959 | $1,294 | $1,637 | $2,105 | $2,705 |
| 14223 | $4,631 | $5,262 | $5,895 | $6,727 | $7,861 |
| 14224 | $3,453 | $4,403 | $5,396 | $6,687 | $8,542 |
| 14225 | $184 | $231 | $3,869 | $4,715 | $5,566 |
| 14226 | $3,438 | $4,291 | $5,343 | $6,906 | $9,664 |
| 14227 | $184 | $264 | $601 | $3,794 | $6,364 |
| 14228 | $2,212 | $4,325 | $6,187 | $7,509 | $10,486 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
|---|
Links | |
|---|---|
| Erie Assessment Review Commission | |
| Website | erieny.maps.arcgis.com |