The overall countywide tax rate is falling, but whether you'll actually save money depends on where you live. Tax rates represent the amount charged to property owners for each $1,000 of assessed value. So the owner of an Amherst home assessed at $100,000 would pay $499 in county property taxes due to the $4.99 tax rate. That amount excludes property taxes charged separately by the city/town/village and school district.