Example of Chemung County Property Tax Calculation
Chemung County calculates property taxes based on the assessed value of the property. For example, if a property is assessed at $100,000 and the tax rate is $10 per $1,000 of assessed value, the property owner will owe $1,000 in property taxes. This tax rate is determined by the local government and can vary from year to year. The property owner can also apply for various exemptions, such as the STAR program, which can lower the assessed value and therefore lower the amount of property taxes owed. It is important for property owners to review their tax bills each year and stay informed about any changes in tax rates or exemptions.
If you want appeal your property tax assessment - contact your local tax assessor.
Chemung County Property Tax Rates
The Chemung County Property Tax rates are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County Tax | $7.66 |
| City of Elmira Tax | $20.61 |
| Town of Ashland Tax | $2.94 |
| Town of Baldwin Tax | $2.53 |
| Town of Big Flats Tax | $5.20 |
| Town of Catlin Tax | $2.36 |
| Town of Chemung Tax | $2.98 |
| Town of Elmira Tax | $3.23 |
| Town of Erin Tax | $3.66 |
| Town of Horseheads Tax | $4.54 |
| Town of Southport Tax | $2.71 |
| Town of Van Etten Tax | $2.61 |
| Town of Veteran Tax | $3.66 |
| Town of Wellsburg Tax | $3.26 |
Please note that these rates are subject to change and it's recommended to consult with a tax professional for any specific questions or concerns.
Who sets property tax rates in Chemung County ?
Who sets property tax rates in Chemung County?
The property tax rates in Chemung County are set by the Chemung County Legislature, which is responsible for establishing the budget for the county. The Legislature determines the amount of revenue that is needed to fund county services, such as schools, libraries, police, and fire departments, and then sets the tax rate accordingly.
When are property tax rates set in Chemung County?
The property tax rates in Chemung County are typically set annually, as part of the county's budget process. The budget process usually begins in the fall, when county officials start to assess the needs of the community and set priorities for the coming year. After several months of review and discussion, the Chemung County Legislature votes on the final budget and property tax rates for the upcoming year.
It is important to note that property tax rates can vary from year to year based on a variety of factors, including changes in the county's budget, shifts in property values, and fluctuations in state and federal funding. Property owners in Chemung County should consult with a qualified tax advisor to understand their property tax liabilities and explore strategies for reducing their tax burden.
Homestead exemptions in Chemung County ?
In Chemung County, New York, there are several Homestead exemptions and deductions available to eligible homeowners. The following table outlines the various options available, along with their specific details:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Basic STAR | All homeowners | Up to $30,000 | Must be primary residence |
| Enhanced STAR | Seniors (age 65+) with income under $88,050 | Up to $71,700 | Must be primary residence |
| Seniors with Limited Income and Disability | Seniors (age 65+) with income under $37,399 | Varies | Must have limited income or disability |
| Cold War Veterans | Cold War veterans | Varies | Must have served during the Cold War |
| Veterans with Disabilities | Veterans with disabilities | Varies | Must have a service-related disability |
| Clergy | Ordained members of the clergy | Varies | Must have housing allowance and be ordained |
| Agricultural | Farmers with qualifying land use | Varies | Must have qualifying agricultural use |
It is important to note that each of these exemptions and deductions may have specific application requirements and deadlines. Homeowners should consult with the Chemung County Department of Assessment to determine their eligibility and to ensure proper filing procedures.
When is Chemung County Property Tax due ?
Chemung County Property Tax Due Date:
Property taxes in Chemung County are typically due on January 31st of each year. However, the due date may vary depending on weekends or holidays.
Payment Methods:
There are several methods available for paying property taxes in Chemung County, including:
| Payment Method | Description |
|---|---|
| In-person payment | Payments can be made in person at the Chemung County Treasurer's Office located at 203 Lake Street, Elmira, NY. Cash, check, money order or credit card payments are accepted. |
| Mail-in payment | Payments can be mailed to the Chemung County Treasurer's Office at 203 Lake Street, Elmira, NY 14901. Checks and money orders should be made payable to 'Chemung County Treasurer.' |
| Online payment | Payments can be made online through the Chemung County website. Online payments can be made using a credit or debit card, or by electronic check. |
| Automatic payment | Property owners can sign up for automatic payment, in which payment is automatically deducted from their bank account on the due date. This service is available through the Chemung County website. |
It is important to note that late payments may result in penalties and interest charges. Property owners are encouraged to make their payments on time to avoid any additional fees.
If you have more questions - contact your local tax collector.
How is Chemung County Property Tax penalty calculated ?
To calculate the Chemung County property tax penalty, follow these steps:
- Determine the total amount of unpaid property tax.
- Apply the penalty rate to the unpaid amount.
The penalty rate is calculated based on the number of days the tax payment is delinquent.
| Delinquent Days | Penalty Rate |
|---|---|
| 1-30 | 2% |
| 31-60 | 3% |
| 61-90 | 4% |
| 91 or more | 5% |
For example, if a property owner in Chemung County has an unpaid property tax of $10,000 and it has been delinquent for 60 days, the penalty rate of 3% would be applied. This would result in a penalty of $300 ($10,000 x 0.03). Therefore, the total amount due would be $10,300 ($10,000 + $300).
It is important to note that these penalties are in addition to any interest charges or administrative fees that may also be assessed. Property owners should make timely payments to avoid incurring these penalties and fees.
We recommend contacting the Chemung County Tax Office or a local tax professional for the most up-to-date and accurate information.