14802 Property Tax Rate

Property owners in ZIP code 14802 (Alfred, New York) pay a median of $5,618/year in property taxes on homes valued at $169,100. This translates to an effective tax rate of 3.32%, which is 80% above the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 14802 is approximately $468, which factors into escrow payments on mortgages. This ZIP code is located within Allegany County. This is $366 more than the New York average of $5,252/year.

Compared to similar ZIP codes in New York, 14802 has lower property taxes. ZIP codes with similar effective rates include 14617 (3.33%) and 14708 (3.35%).

In Alfred, property taxes represent approximately 12.6% of the median household income of $44,659, 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.