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County tax profile · 2026 · Census ACS + IRS data

Property Tax & Income in Allegany County, New York

Allegany County has an effective property tax rate of 2.92%. On the median home value of $101,700, that's roughly $2,968 per year. Median household income is $62,869.

Effective Property Tax Rate1
2.92%
median tax $2,968 ÷ median home $101,700
Median Home Value1
$101,700
owner-occupied
Median Household Income1
$62,869
per-capita $29,954
Est. Annual Tax on Median Home1
$2,968
at 2.92% effective rate

What you'll pay, at a glance

Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.

MetricAllegany CountyNew York (state context)
Effective property tax rate12.92%2.04%
Median home value1$101,700—
State income tax3top rate 10.90%top rate 10.90%
State sales tax38.54% combined8.54% combined

How this is calculated

The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.

About Allegany County, NY

Allegany County sits at the top of New York's 62 counties for property tax rate, with an effective rate of 2.918 percent — well above the statewide median of 2.040 percent and more than triple the national median of 0.794 percent. That ranking signals a heavy reliance on property taxes to fund local services, a common pattern in rural upstate counties with limited sales tax bases. A median home value of $101,700 produces an annual tax bill of $2,968, a figure that lands with real weight against a median household income of $62,869. Per-capita income of $29,954 is similarly restrained. Centerville, the largest of the county's principal communities, reflects this same dynamic. Buyers weighing a move here should factor the rate into their budgeting from the start, since it shapes the true cost of ownership more than in most American counties.

Frequently asked questions

What is the property tax rate in Allegany County, NY?
The effective rate is 2.92% — meaning the median tax bill equals about 2.92% of the median home value.
How much are property taxes on a median home?
On the median home ($101,700), the estimated annual bill is about $2,968.
Is Allegany County's rate high or low?
Compare it to the state median of 2.04% and the national average near 1.1%.
How does the effective rate differ from my mill rate?
A mill rate is the nominal levy per $1,000 of assessed value. The effective rate reflects what you actually pay after exemptions and assessments — it's the median tax bill as a share of median home value, so it better predicts your real cost.
Will a reassessment raise my tax bill?
Not necessarily. If your home's assessed value rises, your bill can go up, but only if the mill rate and exemptions stay flat. Contact the Allegany County assessor's office to review your current assessment.
Can I appeal my property tax assessment?
Yes. Most counties allow an appeal when you believe the assessed value exceeds the market value. File with the Allegany County assessor within the local deadline, typically with comparable sales as evidence.
Sources
[1] U.S. Census Bureau — ACS 5-Year (2023) — Median home value (B25077), median real-estate taxes (B25103), median household income (B19013), per-capita income (B19301).
[2] IRS — Statistics of Income — County income, AGI, and real-estate taxes paid.
[3] Tax Foundation — State income, sales, corporate, and estate/inheritance tax rates.