Owego, Tioga County, New York Property Taxes
Median Owego, NY effective property tax rate: 2.74%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Owego, NY home value: $123,592
Median annual Owego, NY tax bill: $3,350, $950 higher than the national median property tax bill of $2,400.
How are property taxes in Tioga calculated?
Property taxes in Owego, 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 Owego’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Owego, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Owego, Tioga County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.74%
Estimate Property Tax Bill
$3,386
$3,143
Property Tax Rates Across Owego, Tioga County, New York
Local government entities determine tax rates, leading to significant variation within states. This variation arises because each county annually estimates its budget needs for services and divides it by the total value of all taxable property in its area, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the basic annual process.
In Owego, Tioga County, NY, the effective property tax rate stands at 2.74%, which is notably higher than the national median of 1.02%. This rate is consistent across the county, with the highest and lowest rates being identical at 2.74%. Comparing this to the median property tax rate in New York, Owego's rate reflects the county's budgetary requirements and property values.
Understanding these rates can help property owners make informed decisions about appealing their property taxes or seeking exemptions. By comparing Owego’s rate to the national and state medians, property owners can better navigate their property tax obligations and potential savings.
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 Owego Tax Rate
2.74%
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 Tioga County Tax Rate
3.13%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Owego, Tioga County, New York
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
13827 | 2.22% | 2.66% | 2.74% | 3.16% | 3.16% |
Source: Ownwell
Property Tax Assessment Values Across Owego, Tioga County, New York
When examining property taxes in Owego, 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 Tioga 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.
Assessment notices: In Tioga 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 Owego. For example, the median home price in Owego is $123,592, with tax bills ranging significantly across the county. Zip code 13827 has the highest median home price at $123,592.
Property Tax Assessment Values Across Owego, Tioga County, New York
Source: Ownwell

$72,120
$116,544
$160,968
Median Owego Market Value
$123,592
Median Tioga County Market Value
$119,000
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Owego, Tioga County, New York
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
13827 | $49,190 | $83,654 | $123,592 | $176,009 | $236,364 |
Source: Ownwell
Property Tax Bills Across Owego, Tioga County, New York
Median Owego Tax Bill
$3,350
Median Tioga County Tax Bill
$3,510
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Owego, Tioga County, New York
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
13827 | $1,308 | $2,091 | $3,350 | $4,971 | $6,843 |
Source: Ownwell