Niagara Falls, Niagara County, New York Property Taxes
Median NIAGARA FALLS, NY effective property tax rate: 1.80%, significantly higher than the national median of 1.02%, but lower than the NY state median of 2.39%.
Median NIAGARA FALLS, NY home value: $96,800
Median annual NIAGARA FALLS, NY tax bill: $1,480, $920 lower than the national median property tax bill of $2,400.
How are property taxes in Niagara calculated?
Property taxes in NIAGARA FALLS, 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 NIAGARA FALLS’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in NIAGARA FALLS, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Niagara Falls, Niagara County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.8%
Estimate Property Tax Bill
$1,742
$1,617
Property Tax Rates Across Niagara Falls, Niagara County, New York
Local government entities are responsible for setting tax rates, and these rates can differ significantly across a state. This variation is due to each county's annual estimation of its budgetary needs for public services. They then divide this budget by the total value of all taxable properties within the county to arrive at the property tax rate. While votes and legislative measures play a role in determining these rates and budgets, this is essentially the annual procedure.
Let's take a closer look at Niagara Falls in Niagara County, NY. The city's effective property tax rate stands at 1.80%, which is significantly higher than the national median of 1.02%. This places Niagara Falls among the higher tax rate areas in New York, with both the highest and lowest median tax rates within the city being the same at 1.80%. Compared to the national median property tax bill of $2,400, residents in Niagara Falls may find themselves paying more due to the higher rate.
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 Falls Tax Rate
1.80%
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 Niagara Falls, Niagara County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14301 | 0.64% | 1.36% | 1.80% | 1.80% | 1.80% |
| 14303 | 0.58% | 1.31% | 1.80% | 1.80% | 1.80% |
| 14304 | 0.94% | 1.44% | 1.80% | 2.68% | 2.85% |
| 14305 | 0.78% | 1.45% | 1.80% | 1.80% | 2.85% |
Source: Ownwell
Property Tax Assessment Values Across Niagara Falls, Niagara County, New York
When examining property taxes in Niagara Falls, 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 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 Niagara Falls.
For example, the median home price in Niagara Falls is $96,800, with tax bills ranging significantly across the county. Zip code 14304 has the highest median home price at $118,900.
Property Tax Assessment Values Across Niagara Falls, Niagara County, New York
Source: Ownwell
$62,100
$142,371
$222,642
Median Niagara Falls Market Value
$96,800
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 Niagara Falls, Niagara County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14301 | $37,100 | $51,600 | $67,700 | $85,300 | $103,200 |
| 14303 | $35,600 | $48,400 | $62,100 | $75,000 | $87,100 |
| 14304 | $79,000 | $100,000 | $118,900 | $192,064 | $276,087 |
| 14305 | $30,800 | $51,300 | $84,800 | $118,900 | $176,600 |
Source: Ownwell
Property Tax Bills Across Niagara Falls, Niagara County, New York
Median Niagara Falls Tax Bill
$1,480
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 Niagara Falls, Niagara County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14301 | $378 | $711 | $1,039 | $1,364 | $1,683 |
| 14303 | $287 | $638 | $952 | $1,222 | $1,463 |
| 14304 | $913 | $1,451 | $1,961 | $4,961 | $7,375 |
| 14305 | $386 | $725 | $1,359 | $2,109 | $3,602 |
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 |