14072 Property Tax Rate

Property owners in ZIP code 14072 (Grand Island, New York) pay a median of $5,826/year in property taxes on homes valued at $302,800. This translates to an effective tax rate of 1.92%, which is 4% above the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 14072 is approximately $486, which factors into escrow payments on mortgages. This ZIP code is located within Erie County. This is $574 more than the New York average of $5,252/year.

Compared to similar ZIP codes in New York, 14072 has higher property taxes. ZIP codes with similar effective rates include 14541 (1.92%) and 13456 (1.92%).

In Grand Island, property taxes represent approximately 5.4% of the median household income of $107,036, 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.