14892 Property Tax Rate

Property owners in ZIP code 14892 (Waverly, New York) pay a median of $3,476/year in property taxes on homes valued at $139,500. This translates to an effective tax rate of 2.49%, which is 35% above the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 14892 is approximately $290, which factors into escrow payments on mortgages. This ZIP code is located within Tioga County. This is $1,776 less than the New York average of $5,252/year.

Compared to similar ZIP codes in New York, 14892 has lower property taxes. ZIP codes with similar effective rates include 12043 (2.49%) and 13108 (2.49%).

In Waverly, property taxes represent approximately 6.7% of the median household income of $52,143, providing context for the relative tax burden on homeowners in this area.

New York has no statewide property tax cap; your assessor determines when reassessment occurs and at what value. Tioga County offers the STAR (School Tax Relief) program for primary residences with household income up to $500,000, reducing school tax liability by $400–$900/year on average. Submit your STAR application to the Tioga County Assessor's office immediately after purchase; the deadline to apply for the current tax year is typically March 1.