Lockport, Niagara County, New York Property Taxes
Median Lockport, NY effective property tax rate: 2.40%, significantly higher than the national median of 1.02%, but slightly higher than the New York state median of 2.39%.
Median Lockport, NY home value: $170,000
Median annual Lockport, NY tax bill: $4,406, $2,006 higher than the national median property tax bill of $2,400.
How are property taxes in Niagara calculated?
Property taxes in Lockport, 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 Lockport’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lockport, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lockport, Niagara County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.4%
Estimate Property Tax Bill
$4,080
$3,786
Property Tax Rates Across Lockport, Niagara County, New York
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its budgetary needs to provide essential services and divides that amount by the total assessed value of all taxable properties within its jurisdiction. This calculation determines the property tax rate. While votes and legislative measures play a role in setting these rates and budgets, this is the fundamental annual process.
In Lockport, located in Niagara County, the effective property tax rate is a point of interest when compared to other cities in New York and the national median. New York's median property tax rate is notably higher than the national median of 1.02%. Lockport's rate reflects this trend, emphasizing the importance of understanding local tax obligations. For property owners in Lockport, being aware of these rates is crucial for financial planning. Engaging with property tax consultants can provide valuable insights and potential savings, especially in regions with higher-than-average rates.
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 Lockport Tax Rate
2.40%
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 Niagara County Tax Rate
2.34%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lockport, Niagara County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14094 | 2.32% | 2.40% | 2.40% | 2.72% | 2.98% |
| 14095 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Lockport, Niagara County, New York
When examining property taxes in Lockport, 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 Niagara 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 Niagara 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 Lockport.
For example, the median home price in Lockport is $170,000, with tax bills ranging significantly across the county. Zip code 14094 has the highest median home price at $170,000.
Property Tax Assessment Values Across Lockport, Niagara County, New York
Source: Ownwell
$62,100
$142,371
$222,642
Median Lockport Market Value
$170,000
Median Niagara County Market Value
$156,739
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lockport, Niagara County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14094 | $91,000 | $120,000 | $170,000 | $238,000 | $323,930 |
| 14095 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Lockport, Niagara County, New York
Median Lockport Tax Bill
$4,406
Median Niagara County Tax Bill
$3,626
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Lockport, Niagara County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14094 | $2,135 | $2,857 | $4,406 | $6,225 | $8,450 |
| 14095 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Niagara Assessment Review Commission | |
| Website | niagaracounty.prosgar.com |