14729 Property Tax Rate

Property owners in ZIP code 14729 (East Otto, New York) pay a median of $4,080/year in property taxes on homes valued at $177,700. This translates to an effective tax rate of 2.30%, which is 24% above the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 14729 is approximately $340, which factors into escrow payments on mortgages. This ZIP code is located within Cattaraugus County. This is $1,172 less than the New York average of $5,252/year.

Compared to similar ZIP codes in New York, 14729 has higher property taxes. ZIP codes with similar effective rates include 11784 (2.30%) and 12093 (2.30%).

In East Otto, property taxes represent approximately 5.8% of the median household income of $70,000, providing context for the relative tax burden on homeowners in this area.

New York has no statewide property tax cap; assessments in Cattaraugus County are conducted by town assessors on schedules set locally. Cattaraugus County primary homebuyers earning under $500,000 qualify for STAR (School Tax Relief), which exempts a portion of value from school district taxes and saves $200–$500/year on lower-priced homes. Apply for STAR with the Cattaraugus County Assessor's office or your town assessor before March 1 to activate benefits on your next tax bill.