Cohocton, Steuben County, New York Property Taxes
Median Cohocton, NY effective property tax rate: 2.96%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Cohocton, NY home value: $94,444
Median annual Cohocton, NY tax bill: $3,067, $667 higher than the national median property tax bill of $2,400.
How are property taxes in Steuben County calculated?
Property taxes in Cohocton, 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 Cohocton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cohocton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cohocton, Steuben County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.96%
Estimate Property Tax Bill
$2,796
$2,594
Property Tax Rates Across Cohocton, Steuben County, New York
Local government entities set tax rates, and these can vary significantly within a state. Each year, counties estimate the budget needed to provide essential services and divide this by the total value of all taxable property in their jurisdiction, resulting in the property tax rate. This process, while subject to votes and legislative measures, is a simplified explanation of how rates are determined annually.
In Cohocton, located in Steuben County, NY, the effective property tax rate stands out when compared to other cities in the state. New York's median property tax rate is notably higher than the national median of 1.02%. In Cohocton, the rate aligns with the county's median rate, making it one of the highest in the state. This is significantly above the national median, highlighting the importance of understanding local tax dynamics. For property owners, these rates can have a substantial impact on overall expenses, underscoring the value of exploring potential tax appeals or exemptions to alleviate the financial burden.
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 Cohocton Tax Rate
2.96%
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 Cohocton, Steuben County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14826 | 2.52% | 2.85% | 2.96% | 3.69% | 3.81% |
Source: Ownwell
Property Tax Assessment Values Across Cohocton, Steuben County, New York
When examining property taxes in Cohocton, 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 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 Cohocton. For example, the median home price in Cohocton is $94,444, with tax bills ranging significantly across the county. Zip code 14826 has the highest median home price at $94,444.
Property Tax Assessment Values Across Cohocton, Steuben County, New York
Source: Ownwell
$72,993
$216,297
$359,600
Median Cohocton Market Value
$94,444
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 Cohocton, Steuben County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14826 | $33,750 | $61,806 | $94,444 | $137,252 | $216,186 |
Source: Ownwell
Property Tax Bills Across Cohocton, Steuben County, New York
Median Cohocton Tax Bill
$3,067
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 Cohocton, Steuben County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14826 | $968 | $1,944 | $3,067 | $4,180 | $6,060 |
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 |