Chemung Financial (CHMG) Tax Rate: 2009-2024

Historic Tax Rate for Chemung Financial (CHMG) over the last 16 years, with Dec 2024 value amounting to 21.32%.

  • Chemung Financial's Tax Rate rose 168.00% to 22.60% in Q3 2025 from the same period last year, while for Sep 2025 it was 19.27%, marking a year-over-year decrease of 154.00%. This contributed to the annual value of 21.32% for FY2024, which is 68.00% up from last year.
  • Latest data reveals that Chemung Financial reported Tax Rate of 21.32% as of FY2024, which was up 3.31% from 20.64% recorded in FY2023.
  • Over the past 5 years, Chemung Financial's Tax Rate peaked at 21.97% during FY2022, and registered a low of 19.30% during FY2020.
  • For the 3-year period, Chemung Financial's Tax Rate averaged around 21.31%, with its median value being 21.32% (2024).
  • Its Tax Rate has fluctuated over the past 5 years, first surged by 243bps in 2021, then slumped by 134bps in 2023.
  • Yearly analysis of 5 years shows Chemung Financial's Tax Rate stood at 19.30% in 2020, then skyrocketed by 243bps to 21.73% in 2021, then climbed by 25bps to 21.97% in 2022, then plummeted by 134bps to 20.64% in 2023, then surged by 68bps to 21.32% in 2024.