Lima, Ontario County, New York Property Taxes
Property Taxes in Lima, New York
Median Lima, New York effective property tax rate: 1.13%, significantly higher than the national median of 1.02%, and lower than the New York state median of 1.90%.
Median Lima, New York home value: $216,800
Median annual Lima, New York tax bill: $2,832, $432 higher than the national median property tax bill of $2,400.
How are property taxes in Ontario calculated?
Property taxes in Lima, New York are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Lima's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lima, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Lima, Ontario County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.13%
Estimate Property Tax Bill
$2,450
$2,273
How Does the Lima Property Tax Calculator Work?
Use this Lima property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Lima's median effective tax rate of 1.13% — based on actual property records in Ontario County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Lima's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Lima: rates range from 1.13% in 14485 to 1.13% in 14485, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Lima.
About Lima Property Taxes
About Property Taxes in Lima, Ontario, New York
Lima’s median effective property tax rate of 1.13% is higher than the New York state median of 1.90% and higher than the national median of 1.02%. This rate reflects the Ontario County base levy combined with local school district levies and special district levies that vary by subdivision throughout the city.
Property tax rates are not uniform across Lima. Homeowners in the 14485 ZIP code carry a median effective rate of 1.13%, while those in the lowest ZIP also pay 1.13%. This spread reflects how school district boundaries and local assessment districts are drawn across Ontario County. Understanding which part of Lima you live in can make a meaningful difference to your annual tax bill.
Lima homeowners who believe their assessed value is too high can file a formal appeal with the local Assessment Review Commission before the May 26, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Lima, Ontario County, New York
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Lima's effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S.
Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Lima Tax Rate
1.13%
Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Ontario County Tax Rate
1.97%
Median Effective New York Tax Rate
1.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lima, Ontario County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14485 | 1.13% | 1.13% | 1.13% | 1.24% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Lima, Ontario County, New York
When examining property taxes in Lima, New York, understanding the distinction between "market value" and "assessed value" is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Ontario County tax authority estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Ontario County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. For example, the median home price in Lima is $216,800, with tax bills ranging significantly across the county. ZIP code 14485 has the highest median home price at $216,800.
Property Tax Assessment Values Across Lima, Ontario County, New York
Source: Ownwell
$128,200
$430,300
$732,400
Median Lima Market Value
$216,800
Median Ontario County Market Value
$226,000
Median New York Market Value
$312,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lima, Ontario County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14485 | $129,680 | $170,750 | $216,800 | $316,250 | $364,200 |
Source: Ownwell
Property Tax Bills Across Lima, Ontario County, New York
Property tax bills in Lima are based on the assessed value of a home and the local tax rate set by taxing authorities in Ontario County. When a property’s market value changes, the assessed value can shift as well, which affects the final bill. Local budgets, school funding, and other public services all play a role in determining how much homeowners owe each year.
For a home with a median market value of $216,800, the property tax bill can vary widely depending on the assessment and exemptions applied. In Lima, the median tax bill is $2,832, which is above the national median property tax bill of $2,400 and slightly higher than the national median property tax rate of 1.02%.
Bills in the area range from $2,032 at the 25th percentile to $3,720 at the 75th percentile, with the 90th percentile reaching $4,472. This means homeowners with similar homes may still pay very different amounts, making the assessment process especially important.
Median Lima Tax Bill
$2,832
Median Ontario County Tax Bill
$5,005
Median New York Tax Bill
$5,420
Median United States Tax Bill
$2,400
Property Tax Bills Across Lima, Ontario County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14485 | $1,141 | $2,032 | $2,832 | $3,720 | $4,472 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates | |
|---|---|
| Appeal Deadline | May 26 |
Links | |
|---|---|
| Ontario Assessment Review Commission | |
| Website | www.ontariocountyny.gov |