Chautauqua County property tax

Example of Chautauqua County Property Tax Calculation

Chautauqua County calculates property taxes based on the assessed value of the property. As an example, if a property is assessed at $100,000 and the tax rate is $10 per $1,000 of assessed value, the property tax would be $1,000. This calculation is done annually and property owners receive a bill based on the assessed value and tax rate. It is important for property owners to understand their property's assessed value and tax rate to estimate their annual property tax bill.

If you want appeal your property tax assessment - contact your local tax assessor.

Chautauqua County Property Tax Rates

The Chautauqua County Property Tax rates for 2021 are as follows:

It is important to note that the County-wide Special District Tax rate varies depending on the location and specific services provided in the area. Taxpayers should also be aware that town/city and school district tax rates can vary greatly depending on the specific jurisdiction.

Who sets property tax rates in Chautauqua County ?

Who sets property tax rates in Chautauqua County?

• Chautauqua County Legislature sets the property tax rates in Chautauqua County.

When are property tax rates set in Chautauqua County?

• Property tax rates are usually set in December during the Chautauqua County Legislature's annual budget meeting.

It is important to note that property tax rates can vary depending on factors such as property values, local government funding needs, and state regulations. As a tax advisor, it is recommended to keep up-to-date on any changes to property tax rates in Chautauqua County and advise clients accordingly.

Homestead exemptions in Chautauqua County ?

To understand the various Homestead exemptions and deductions available in Chautauqua County, New York, one needs to go through the following table:

Here are the available Homestead exemptions and deductions in Chautauqua County, New York.

1. Basic STAR Exemption

   • Eligibility: Homeowners who own their primary residence and have a combined income of less than $500,000.
   • Amount: Varies based on the property's value, school district, and local tax rates.
   • Notes: The Basic STAR exemption is applicable to school district taxes only.

2. Enhanced STAR Exemption

   • Eligibility: Homeowners who are 65 years or older and have a combined income of $86,300 or less
   • Amount: Varies based on the property's value, school district, and local tax rates.
   • Notes: The Enhanced STAR exemption is applicable to school district taxes only.

3. Cold War Veterans Exemption

   • Eligibility: Cold War veterans or their surviving spouses who are New York State residents and own the property that serves as their primary residence.
   • Amount: Depending on the percentage of disability or service period, either a maximum exemption of 15% or $12,000 can be availed.
   • Notes: Proof of military service is required to avail this exemption.

4. Senior Citizen with Limited Income and Disability Exemption

   • Eligibility: Homeowners who are aged 65 years or older and have a combined income of less than $37,399.
   • Amount: Varies based on the income and property's value, up to $29,000.
   • Notes: The exemption is applicable to county, town, village, and school district taxes.

5. Alternative Veterans Exemption

   • Eligibility: Veterans or active-duty members of the military who are residents of Chautauqua County and own the property that serves as their primary residence.
   • Amount: Varies based on the percentage of disability, service period, and wartime service, up to $47,000.
   • Notes: Proof of military service is required to avail of this exemption.

6. Agricultural Exemption

   • Eligibility: Property owners who use their land for agricultural purposes.
   • Amount: Varies based on the percentage of the land used for agricultural purposes.
   • Notes: The exemption is applicable to county, town, village, and school district taxes.

7. Business Investment Exemption

   • Eligibility: Property owners who make significant investments in commercial or industrial properties.
   • Amount: Varies based on the value of investment.
   • Notes: The exemption is applicable to county, town, village, and school district taxes.

It is important to note that there may be additional eligibility criteria or application requirements for each exemption. Homeowners are advised to consult with the local tax authorities to get complete information and details regarding them.

When is Chautauqua County Property Tax due ?

Chautauqua County Property Tax is typically due on January 31st of each year. There are several payment methods available to taxpayers, including:

• Online Payments: Taxpayers can make payments online through the Chautauqua County Treasurer's website using a credit card or e-check.

• Mail Payments: Payments can be mailed to the Chautauqua County Treasurer's Office at P.O. Box 4318, Jamestown, NY 14702-4318.

• In-Person Payments: Taxpayers can make payments in person at the Chautauqua County Treasurer's Office located at 3 North Erie Street, Mayville, NY 14757.

It is important to note that payments must be received or postmarked by January 31st to avoid penalties and interest. Failure to pay property taxes can result in liens on the property and foreclosure proceedings.

If you have more questions - contact your local tax collector.

How is Chautauqua County Property Tax penalty calculated ?

Chautauqua County Property Tax Penalty Calculation

If a property owner in Chautauqua County fails to pay their property taxes on time, they will face penalties. The penalty is calculated based on a percentage of the unpaid tax amount, which varies depending on how long the taxes have been outstanding.

Here's an example to illustrate the calculation:

• Property tax amount: $5,000
• Due date: January 31
• Date of payment: March 15
• Days past due: 44

To calculate the penalty:

1. Determine the daily interest rate by dividing the annual interest rate by 365:

   • Annual interest rate: 12%
   • Daily interest rate: 0.0329%

2. Calculate the penalty for being 44 days past due:

   • Penalty rate: 2% + (0.0329% x 44) = 3.44%
   • Penalty amount: $5,000 x 3.44% = $172

Therefore, in this example, the property owner would owe a total of $5,172 ($5,000 in tax plus $172 in penalties) for their property taxes.

It's important to note that in Chautauqua County, property taxes are considered delinquent if not paid by the due date. A penalty is assessed starting on the day after the due date and will continue to accrue until the taxes are paid in full.

To avoid penalties, it's important to pay property taxes on time. Chautauqua County provides several payment options, including online payments, in-person payments, and mailing in a check or money order.

We recommend contacting the Chautauqua County Tax Office or a local tax professional for the most up-to-date and accurate information.

Chautauqua County tax offices:

• Chautauqua County tax assessor
• Chautauqua County tax collector
• Chautauqua County tax commissioner
• Chautauqua County tax appraiser
• Chautauqua County tag office