Canisteo, Steuben County, New York Property Taxes
Median Canisteo, NY effective property tax rate: 2.85%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Canisteo, NY home value: $81,300
Median annual Canisteo, NY tax bill: $2,352, $48 lower than the national median property tax bill of $2,400.
How are property taxes in Steuben calculated?
Property taxes in Canisteo, 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 Canisteo’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Canisteo, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Canisteo, Steuben County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.85%
Estimate Property Tax Bill
$2,317
$2,150
Property Tax Rates Across Canisteo, Steuben County, New York
Local government entities set tax rates, and these can vary widely even within New York. Annually, each county, such as Steuben, estimates its required budget to provide essential services. This budget is then divided by the total assessed value of all taxable property within the county's jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting these rates and budgets, this is the fundamental annual process.
Canisteo in Steuben County has an effective property tax rate of 2.85%, which is significantly higher than the national median of 1.02%. This highlights the variance in property tax rates across different regions. Additionally, the median property tax rate in New York is also higher than the national median, reflecting the state's unique fiscal requirements and property values. By comparing Canisteo’s tax rate to the national figures, property owners can better understand their tax obligations and the potential benefits of appealing their property taxes. Understanding these differences is crucial for homeowners seeking to manage their property tax liabilities effectively.
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 Canisteo Tax Rate
2.85%
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 Steuben County Tax Rate
2.84%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Canisteo, Steuben County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14823 | 2.45% | 2.61% | 2.85% | 3.36% | 3.36% |
Source: Ownwell
Property Tax Assessment Values Across Canisteo, Steuben County, New York
When examining property taxes in Canisteo, 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 Steuben 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 Steuben 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 Canisteo. For example, the median home price in Canisteo is $81,300, with tax bills ranging significantly across the county. The 14823 zip code has the highest median home price at $81,300.
Property Tax Assessment Values Across Canisteo, Steuben County, New York
Source: Ownwell
$72,993
$216,297
$359,600
Median Canisteo Market Value
$81,300
Median Steuben County Market Value
$102,326
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Canisteo, Steuben County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14823 | $28,000 | $50,000 | $81,300 | $119,000 | $170,000 |
Source: Ownwell
Property Tax Bills Across Canisteo, Steuben County, New York
Median Canisteo Tax Bill
$2,352
Median Steuben County Tax Bill
$2,992
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Canisteo, Steuben County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14823 | $782 | $1,475 | $2,352 | $3,442 | $4,777 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Steuben Assessment Review Commission | |
| Website | imo.steubencountyny.gov |