Madison, Madison County, New York Property Taxes

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Property Taxes in Madison, New York

Median Madison, New York effective property tax rate: 2.47%, significantly higher than the national median of 1.02%, and higher than the New York state median of 1.90%.
Median Madison, New York home value: $138,249
Median annual Madison, New York tax bill: $3,051, $651 higher than the national median property tax bill of $2,400.

How are property taxes in Madison calculated?

Property taxes in Madison, 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 Madison's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Madison, knowing local tax details benefits homeowners and investors.

Last Updated April 13, 2026

Madison, Madison County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.47%

Estimate Property Tax Bill

$3,415

$3,169

How Does the Madison Property Tax Calculator Work?

Use this Madison property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Madison's median effective tax rate of 2.47% — based on actual property records in Madison 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 Madison'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 Madison: rates are 3051.00 in 13402, with no ZIP-level spread shown in the data provided.

For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Madison. Madison's median tax rate is higher than New York's 1.90% median, and the median tax bill of $3,051 is $651 higher than the state median.

About Madison Property Taxes

About Property Taxes in Madison, Madison, New York

Madison’s median effective property tax rate of 2.47% is higher than the New York state median of 1.90% and higher than the national median of 1.02%. This rate reflects the Madison 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 Madison. Homeowners in the 13402 ZIP code carry a median effective rate of 2.47%, while those in the lowest ZIP also pay 2.47%. This spread reflects how school district boundaries and local assessment districts are drawn across Madison County. Understanding which part of Madison you live in can make a meaningful difference to your annual tax bill.

Madison 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 Madison, Madison 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 Madison's effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S.

Property Tax Rates Across Madison, Madison County, New York

Source: Ownwell

0.95%

5.89%

10.84%

Our median effective property tax rate (tax bill ÷ 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 Madison Tax Rate

2.47%

Median Effective Madison County Tax Rate

2.34%

Median Effective New York Tax Rate

1.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Madison, Madison County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
13402	1.43%	2.20%	2.47%	2.47%	2.47%

Source: Ownwell

Property Tax Assessment Values Across Madison, Madison County, New York

When examining property taxes in Madison, 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 Madison County appraisal district 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 are sent in the spring each year and typically reach your mailbox by the middle of the month. 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 Madison is $138,249, with a median tax bill of $3,051. That is higher than the national median property tax bill of $2,400. ZIP code 13402 has the highest median home price at $138,249.

Property Tax Assessment Values Across Madison, Madison County, New York

Source: Ownwell

$63,438

$183,128

$302,817

Median Madison Market Value

$138,249

Median Madison County Market Value

$165,735

Median New York Market Value

$312,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Madison, Madison County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
13402	$51,760	$92,166	$138,249	$194,009	$279,889

Source: Ownwell

Property Tax Bills Across Madison, Madison County, New York

How are property tax bills calculated in Madison?

Property tax bills in Madison are based on the assessed value of a home and the local tax rate set by taxing authorities. When a property’s market value changes, the assessed value can also change, which affects the final bill homeowners receive. The amount owed is determined by multiplying the assessed value by the applicable tax rate, so homes with higher assessed values generally face larger tax bills.

What factors affect a homeowner’s bill?

Several factors can influence the amount a homeowner pays, including the home’s value, local levy rates, and any exemptions that may apply. In Madison, the median home price is $138,249, and the median property tax bill is $3,051, which is above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Tax bills can vary widely, with the 25th percentile at $1,811 and the 75th percentile at $4,530. For some homeowners, that difference can have a meaningful impact on monthly housing costs.

Property Tax Bills Across Madison, Madison County, New York

Source: Ownwell

$736

$8,137

$15,538

Median Madison Tax Bill

$3,051

Median Madison County Tax Bill

$3,333

Median New York Tax Bill

$5,420

Median United States Tax Bill

$2,400

Property Tax Bills Across Madison, Madison County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
13402	$1,135	$1,811	$3,051	$4,530	$6,687

Source: Ownwell

Don't miss the deadline to file a grievance!

Dates
Appeal Deadline	May 26

Links
Madison Assessment Review Commission
Website	property.madisoncounty.ny.gov

Frequently Asked Property Tax Questions in Madison, New York

How are property taxes calculated in Madison, New York?

Property taxes in Madison, New York are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in Madison, New York?

To appeal your property taxes in Madison, New York, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in Madison, New York?

Common property tax exemptions in Madison, New York include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in Madison, New York?

Property tax deadlines in Madison, New York vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in Madison, New York?

Ownwell provides professional property tax appeal services in Madison, New York. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.