14884 Property Tax Rate

Property owners in ZIP code 14884 (Swain, New York) pay a median of $4,000/year in property taxes on homes valued at $116,900. This translates to an effective tax rate of 3.42%, which is 85% above the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 14884 is approximately $333, which factors into escrow payments on mortgages. This ZIP code is located within Allegany County. This is $1,252 less than the New York average of $5,252/year.

Compared to similar ZIP codes in New York, 14884 has lower property taxes. ZIP codes with similar effective rates include 13790 (3.43%) and 14715 (3.46%).

In Swain, property taxes represent approximately 6.8% of the median household income of $59,167, 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.