14750 Property Tax Rate

Property owners in ZIP code 14750 (Lakewood, New York) pay a median of $3,658/year in property taxes on homes valued at $158,400. This translates to an effective tax rate of 2.31%, which is 25% above the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 14750 is approximately $305, which factors into escrow payments on mortgages. This ZIP code is located within Chautauqua County. This is $1,594 less than the New York average of $5,252/year.

Compared to similar ZIP codes in New York, 14750 has higher property taxes. ZIP codes with similar effective rates include 14824 (2.31%) and 12182 (2.31%).

In Lakewood, property taxes represent approximately 5.5% of the median household income of $67,083, providing context for the relative tax burden on homeowners in this area.

New York has no statewide property tax cap; Chautauqua County towns reassess properties on their own cycles, typically every 6–10 years. Chautauqua County homeowners with primary residences and household income under $500,000 should enroll in the STAR (School Tax Relief) program, which reduces school taxes by exempting a percentage of assessed value — saving $200–$450/year. File your STAR application with the Chautauqua County Assessor or your town assessor by the March 1 deadline.