14845 Property Tax Rate

Property owners in ZIP code 14845 (Horseheads, New York) pay a median of $3,830/year in property taxes on homes valued at $183,900. This translates to an effective tax rate of 2.08%, which is 13% above the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 14845 is approximately $319, which factors into escrow payments on mortgages. This ZIP code is located within Chemung County. This is $1,422 less than the New York average of $5,252/year.

Compared to similar ZIP codes in New York, 14845 has higher property taxes. ZIP codes with similar effective rates include 12047 (2.08%) and 13329 (2.08%).

In Horseheads, property taxes represent approximately 5.0% of the median household income of $76,617, providing context for the relative tax burden on homeowners in this area.

New York has no statewide property tax cap; Chemung County towns reassess properties on local cycles, typically every 5–8 years. Chemung County homebuyers with primary residences and household income under $500,000 must enroll in STAR (School Tax Relief), which exempts a percentage of assessed value from school taxes — saving $400–$1,000/year in this higher-value market. Register for STAR with the Chemung County Assessor's office by the March 1 deadline to begin receiving benefits on your next tax bill.