14840 Property Tax Rate

Property owners in ZIP code 14840 (Hammondsport, New York) pay a median of $3,784/year in property taxes on homes valued at $223,200. This translates to an effective tax rate of 1.70%, which is 8% below the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 14840 is approximately $315, which factors into escrow payments on mortgages. This ZIP code is located within Steuben County. This is $1,468 less than the New York average of $5,252/year.

Compared to similar ZIP codes in New York, 14840 has higher property taxes. ZIP codes with similar effective rates include 11790 (1.70%) and 13658 (1.69%).

In Hammondsport, property taxes represent approximately 4.5% of the median household income of $84,663, providing context for the relative tax burden on homeowners in this area.

New York has no statewide property tax cap; Steuben County towns conduct reassessments on their own schedules, typically every 5–8 years. Steuben County primary homebuyers earning under $500,000 qualify for STAR (School Tax Relief), which exempts a percentage of assessed value from school district taxes and saves $200–$500/year. Submit your STAR application to the Steuben County Assessor's office or your town assessor by the March 1 deadline.