Allegany County, NY Property Tax Search

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In-depth Allegany County, NY Property Tax Information

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See detailed property tax information from the sample report for 410 Mchenry Valley Rd, Allegany County, NY

Property Tax Calculation

In New York State, the real property tax is a tax based on the value of real property. Counties, cities, towns, villages, school districts, and special districts each raise money through the real property tax. The money funds schools, pays for police and fire protection, maintains roads, and funds other municipal services enjoyed by residents.

Market Value

Market value is determined by the Department of Taxation and Finance and reflects the amount of money a buyer would be willing to pay a seller for property offered for sale on an open market, over a reasonable amount of time, where both the buyer and seller are well informed and neither is under undue pressure to act.

Land value		$12,700
Building value	+	$88,364
Market value	=	$101,064

Assessed Value

In New York State each municipality is authorized to assess the property at market value or some fraction of market value. The assessed value is a uniform percentage of the market value of the property as of January 2 for any given year.

Land assessed value		$12,700
Building assessed value	+	$82,300
Assessed value	=	$95,000

Property Tax

Base tax is calculated by multiplying the full value (FV) with the corresponding rate per 1000 of full value. Base tax is an estimate of what an owner not benefiting from tax exemptions or reductions would pay.

The NYS Office of the State Comptroller(OSC) calculates:
- a full value (FV) municipal tax rate by dividing the total municipal levy (general town and highway levy, plus fire protection and other dependent special district levies) by the total full taxable value (for municipal purposes) per $1000 full valuation;
- a full value (FV) county tax rate by dividing the county tax levy (county general tax levy plus county district levies, with adjustments) by the total full taxable value (for county purposes) per $1000 full valuation;
- a full value (FV) school tax rate by dividing the school tax levy (school general levy plus library levy) by the total full taxable value (for school purposes) per $1000 full valuation.

Tax description	Assessed value		Tax rate		Tax amount
Base tax	$101,064	x	42.4800	=	$4,293

Current tax represents the amount the present owner pays, including exemptions or reductions.

Tax description	Full value		Exemption		Taxable value		Tax rate		Tax amount
Allegany County	$101,064	-	$5,640	=	$95,424	x	12.6200	=	$1,204.25
Town of Almond	$101,064	-	$5,640	=	$95,424	x	8.3800	=	$799.65
Alfred-Almond School District	$101,064	-	$66,460	=	$34,604	x	21.4800	=	$743.29
Current tax								=	$2,747

Actual taxes might differ from the figures displayed here due to various abatement and financial assistance programs.
For more information please visit The New York State Department of Taxation and Finance or Allegany County website.

Exemptions

Allegany County offers several exemptions that qualified homeowners can apply for, such as Veterans, Senior Citizen, Cold War Veterans, Volunteer Firefighters and Ambulance Workers, Limited Income Disability, or Home Improvement exemptions. Also, New York State School Tax Relief Program (STAR) provides homeowners who own and live in their home with two types of partial exemptions from school property taxes.

Code	Description	Initial year	End year
41121	Veterans-Wartime/Noncombat	1994
41834	Star - Enhanced	2009	2049

Assessment History

Year	Property class	Market value	Assessment value	Total tax rate	Property tax
2022	One Family Year-Round Residence	$101,064	$95,000	42.48	$4,293
2021	One Family Year-Round Residence	$101,064	$95,000	44.83	$4,531
2020	One Family Year-Round Residence	$98,958	$95,000	44.71	$4,424
2019	One Family Year-Round Residence	$95,960	$95,000	47.06	$4,516

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Allegany County, NY Property Tax Search

Searching for Allegany County tax information?

You can easily perform a swift Allegany County, NY property tax search using the search bar below. Just type in the property's exact address to instantly find out its tax amount.

Property Taxes

In-depth Allegany County, NY Property Tax Information

See detailed property tax information from the sample report for 410 Mchenry Valley Rd, Allegany County, NY

Property Tax Calculation

Exemptions

Assessment History

Allegany County Stats for Property Taxes

Effective tax rate (%)

Median real estate taxes paid

Median home value

Median income

Owner occupied housing (%)

Renter occupied housing (%)

Frequently Asked Questions on Property Taxes

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