14059 Property Tax Rate

Property owners in ZIP code 14059 (Elma, New York) pay a median of $4,978/year in property taxes on homes valued at $323,800. This translates to an effective tax rate of 1.54%, which is 17% below the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 14059 is approximately $415, which factors into escrow payments on mortgages. This ZIP code is located within Erie County. This is $274 less than the New York average of $5,252/year.

Compared to similar ZIP codes in New York, 14059 has lower property taxes. ZIP codes with similar effective rates include 13650 (1.54%) and 13153 (1.54%).

In Elma, property taxes represent approximately 4.9% of the median household income of $101,698, 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.