14721 Property Tax Rate

Property owners in ZIP code 14721 (Ceres, New York) pay a median of $2,826/year in property taxes on homes valued at $139,300. This translates to an effective tax rate of 2.03%, which is 10% above the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 14721 is approximately $236, which factors into escrow payments on mortgages. This ZIP code is located within Allegany County. This is $2,426 less than the New York average of $5,252/year.

Compared to similar ZIP codes in New York, 14721 has lower property taxes. ZIP codes with similar effective rates include 14051 (2.03%) and 14033 (2.03%).

In Ceres, property taxes represent approximately 5.2% of the median household income of $53,984, providing context for the relative tax burden on homeowners in this area.

New York has no statewide property tax cap; Allegany County towns conduct reassessments on local schedules, typically every 5–6 years. Allegany County primary homebuyers with household income under $500,000 must apply for STAR (School Tax Relief), which exempts a portion of assessed value from school taxes and saves $150–$400/year on lower-value properties. Contact the Allegany County Assessor's office by February to file your STAR application before the March 1 deadline.