Tax Rates for Belfast, Allegany, NY
| Sales Tax | |
|---|---|
| Belfast City Sales Tax | 0.0% |
| Allegany County Sales Tax | 4.5% |
| New York State Sales Tax | 4.0% |
| Combined Sales Tax | 8.5% |
| Property Tax | |
| New York State Property Tax | 0.0% |
| Allegany County Property Tax | 1.431% |
| Allegany Municipality Property Tax | 1.279% |
| School District Property Tax | |
| Belfast School District | 1.597% |
| Cuba-Rushford School District | 1.387% |
| Friendship School District | 2.137% |
| Genesee Valley School District | 1.462% |
| Income Tax | |
| Local Income Tax | 0% |
| New York State Income Tax | 4% (<$8,500) to 8.82% (>$1.08m) |
Source(s):https://www.tax.ny.gov, https://data.ny.gov
The state of New York Levies a 4% sales tax throughout the state. Many local jurisdictions also collect sales taxes up to an additional 5.3750% (Richmond).
A combined city and county sales tax rate of 4.5% on top of New Yorks's 4% base makes Belfast one of the more expensive cities to shop in, with 939 out of 956 cities having a sales tax rate this low or lower.
Allegany County has one of the higher property tax rates in the state, at around 1.431%. 56 out of 57 counties have lower property tax rates. 1 counties have higher tax rates. Note that 1.431% is an effective tax rate estimate. Actual property tax rates vary slightly from property to property within cities and counties due to special property tax boundaries.
With one of the highest state income taxes in the country, as high as an 8.82% marginal rate for top earners, New York city is not a cheap place to live, especially for the wealthy. Making matters worse for high income New Yorkers, The 2017 Tax Cuts and Jobs Act limits the amount of state and local taxes you can deduct from your federally taxable income to $10,000.
Other Tax Rates in New York
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