14061 Property Tax Rate

Property owners in ZIP code 14061 (Farnham, New York) pay a median of $4,031/year in property taxes on homes valued at $157,500. This translates to an effective tax rate of 2.56%, which is 39% above the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 14061 is approximately $336, which factors into escrow payments on mortgages. This ZIP code is located within Erie County. This is $1,221 less than the New York average of $5,252/year.

Compared to similar ZIP codes in New York, 14061 has lower property taxes. ZIP codes with similar effective rates include 13021 (2.56%) and 13063 (2.56%).

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.