How much are property taxes in the Village of Lakewood, NY?

Homeowners in the Village of Lakewood, NY pay a median of $3,631 (±$634) a year in real estate taxes (2020–2024 American Community Survey, table B25103).

Homes with a mortgage pay a median of $3,945.

Homes without a mortgage pay a median of $3,331.

That is about 2.3% of the median home value of $158,500.

In the Village of Lakewood, the median real estate tax went from $3,398 in 2015–2019 to $3,631 in 2020–2024 (+6.9%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on .

Median real estate taxes
$3,631 (±$634)
With a mortgage
$3,945
Without a mortgage
$3,331
Share of median value
2.3%

Real estate taxes in the Village of Lakewood against Chautauqua County, its state and the nation

Median real estate taxes paid a year, estimate (90% margin of error)
Village of LakewoodChautauqua CountyNew YorkUnited States
Median real estate taxes$3,631 (±$634)$2,901 (±$75)$6,582 (±$21)$3,119
Homes with a mortgage$3,945 (±$750)$3,271 (±$97)$6,954 (±$31)$3,489
Homes without a mortgage$3,331 (±$1,374)$2,598 (±$90)$5,990 (±$41)$2,576
Median home value$158,500 (±$19,627)$127,900 (±$4,463)$423,800 (±$1,627)$332,700

In the Village of Lakewood, the median real estate tax is higher than in Chautauqua County ($2,901).

It is also lower than in New York ($6,582).

It is not measurably different from the national figure ($3,119).

In Chautauqua County, the Village of Lakewood ranks 3 of 13 places with a published estimate, from highest to lowest median real estate taxes.

Statewide, it ranks 349 of 530.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

Taxes as a share of home value in the Village of Lakewood

The median tax ($3,631) is 2.3% of the median home value ($158,500).

Across Chautauqua County the same ratio is 2.3%.

Across New York it is 1.6%.

This is a ratio of two medians, a rough effective rate: not the tax rate or mill rate the town, county or school district sets, and not any one home’s bill.

Owners report what they paid and what they think their home is worth; the assessor’s office publishes the actual rates and assessments.

How property taxes in the Village of Lakewood have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median real estate taxes$3,398 (±$411)$3,631 (±$634)+6.9%No measurable change after inflation
Median home value$113,700 (±$11,306)$158,500 (±$19,627)+39.4%No measurable change after inflation
Median owner cost with a mortgage$1,173 (±$102)$1,558 (±$274)+32.8%No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median real estate taxes in places near the Village of Lakewood

Nearest places with a published estimate, compared with the Village of Lakewood
PlaceDistanceMedian real estate taxesCompared with this place
Village of Lakewood—$3,631 (±$634)—
Jamestown West2.1 mi$3,045 (±$933)Not measurably different
Village of Celoron2.2 mi$1,927 (±$285)Lower
Town of Busti3.4 mi$3,876 (±$331)Not measurably different
Jamestown4.3 mi$2,453 (±$188)Lower
Town of Ellicott4.9 mi$2,662 (±$351)Lower
Village of Bemus Point5.7 mi$6,750 (±$3,045)Higher
Village of Falconer6.5 mi$2,369 (±$387)Lower
Town of Ellery6.5 mi$3,796 (±$701)Not measurably different

Nearby places with a measurably lower figure: Village of Celoron, NY ($1,927), Jamestown, NY ($2,453), Town of Ellicott, NY ($2,662).

Nearby places with a measurably higher figure: Village of Bemus Point, NY ($6,750).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median real estate taxes across Chautauqua County, place by place

RankPlaceMedian real estate taxes
1Village of Bemus Point$6,750 (±$3,045)
2Village of Fredonia$4,725 (±$325)
3Village of Lakewood$3,631 (±$634)
4Village of Brocton$3,391 (±$364)
5Village of Silver Creek$3,350 (±$166)
6Village of Mayville$3,257 (±$658)
7Village of Sinclairville$2,664 (±$401)
8Village of Westfield$2,618 (±$285)
9Village of Panama$2,500 (±$668)

Showing 9 of 13 places in Chautauqua County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Village of Lakewood

How much are property taxes in the Village of Lakewood?

The median real estate tax paid by homeowners in the Village of Lakewood, NY is $3,631 (±$634) a year (2020–2024 American Community Survey).

What is the property tax rate in the Village of Lakewood?

The Census Bureau does not publish tax rates; as a rough guide, the median tax paid is 2.3% of the median home value in the Village of Lakewood, and the actual rate is set by the town, county and school district.

Have property taxes in the Village of Lakewood gone up?

In the Village of Lakewood, the median real estate tax went from $3,398 in 2015–2019 to $3,631 in 2020–2024 (+6.9%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Are property taxes in the Village of Lakewood higher than in Chautauqua County?

In the Village of Lakewood, the median real estate tax is higher than in Chautauqua County ($2,901).

It is also lower than in New York ($6,582).

It is not measurably different from the national figure ($3,119).

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Lakewood village, New York (place:41069, in state:36).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25103_001E, B25103_001M, B25077_001E, B25077_001M, B25088_002E, B25088_002M from the 2019 release.

The API needs a free key.

Request a Census API key.

B25103_001E, B25103_001M, B25103_002E, B25103_002M, B25103_003E, B25103_003M, DP04_0089E, DP04_0089M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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