14803 Property Tax Rate

Property owners in ZIP code 14803 (Alfred Station, New York) pay a median of $5,055/year in property taxes on homes valued at $138,900. This translates to an effective tax rate of 3.64%, which is 97% above the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 14803 is approximately $421, which factors into escrow payments on mortgages. This ZIP code is located within Allegany County.

Compared to similar ZIP codes in New York, 14803 has higher property taxes. ZIP codes with similar effective rates include 12785 (3.58%) and 14894 (3.57%).

In Alfred Station, property taxes represent approximately 8.6% of the median household income of $58,537, 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.