Madison, New Haven County, Connecticut Property Taxes
Median Madison, CT effective property tax rate: 3.00%, significantly higher than the national median of 1.02%, but lower than the Connecticut state median of 3.14%.
Median Madison, CT home value: $274,600
Median annual Madison, CT tax bill: $8,230, $5,830 higher than the national median property tax bill of $2,400.
How are property taxes in New Haven calculated?
Property taxes in Madison, CT 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 March 1, 2025
Madison, New Haven County, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3%
Estimate Property Tax Bill
$8,238
$7,645
Property Tax Rates Across Madison, New Haven County, Connecticut
Local government entities are responsible for setting tax rates, which can vary significantly within Connecticut. This is because each county, including New Haven, estimates its required budget annually to provide essential services. The budget is then divided by the total value of all taxable property within the jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the fundamental process followed each year.
Madison in New Haven County has an effective property tax rate that stands out when compared to other cities in Connecticut. The median property tax rate in Madison is notably higher than the national median of 1.02%, reflecting the unique budgeting needs and property values in the area. While some cities in Connecticut may have varying rates, Madison's rate is consistent with the highest median tax rate in the state. This comparison highlights the diversity of tax rates across different regions and underscores the importance of understanding local tax policies to manage property tax liabilities effectively.
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
3.00%
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 New Haven County Tax Rate
3.48%
Median Effective Connecticut Tax Rate
3.14%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Madison, New Haven County, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06443 | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% |
Source: Ownwell
Property Tax Assessment Values Across Madison, New Haven County, Connecticut
When examining property taxes in Madison, CT, 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 New Haven 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.
In New Haven County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Madison.
For example, the median home price in Madison is $274,600, with tax bills ranging significantly across the county. Zip code 06443 has the highest median home price at $274,600.
Property Tax Assessment Values Across Madison, New Haven County, Connecticut
Source: Ownwell
$98,700
$214,498
$330,295
Median Madison Market Value
$274,600
Median New Haven County Market Value
$174,720
Median Connecticut Market Value
$189,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Madison, New Haven County, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06443 | $187,820 | $219,200 | $274,600 | $395,100 | $558,040 |
Source: Ownwell
Property Tax Bills Across Madison, New Haven County, Connecticut
Median Madison Tax Bill
$8,230
Median New Haven County Tax Bill
$6,350
Median Connecticut Tax Bill
$6,162
Median United States Tax Bill
$2,400
Property Tax Bills Across Madison, New Haven County, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06443 | $5,629 | $6,569 | $8,230 | $11,832 | $16,724 |
Source: Ownwell