14047 Property Tax Rate

Property owners in ZIP code 14047 (Derby, New York) pay a median of $5,088/year in property taxes on homes valued at $180,800. This translates to an effective tax rate of 2.81%, which is 53% above the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 14047 is approximately $424, which factors into escrow payments on mortgages. This ZIP code is located within Erie County.

Compared to similar ZIP codes in New York, 14047 has lower property taxes. ZIP codes with similar effective rates include 12543 (2.81%) and 13209 (2.82%).

In Derby, property taxes represent approximately 6.6% of the median household income of $76,525, providing context for the relative tax burden on homeowners in this area.

New York has no statewide property tax cap; reassessment frequency and methods vary by town within Erie County and are administered by local assessors. Erie County primary residence owners with household income up to $500,000 qualify for STAR (School Tax Relief), which can reduce your annual school tax bill by $400–$900 depending on assessed value. Register for STAR with the Erie County Assessor's office by March 1 to lock in the exemption for the upcoming tax year.