Bridgeport, Madison County, New York Property Taxes

Name: Property Tax Bills Across Bridgeport, Madison County, New York
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Bridgeport, NY effective property tax rate: 3.25%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Bridgeport, NY home value: $179,438
Median annual Bridgeport, NY tax bill: $5,896, $3,496 higher than the national median property tax bill of $2,400.

How are property taxes in Madison calculated?

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

Last Updated March 1, 2025

Bridgeport, Madison County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.25%

Estimate Property Tax Bill

$5,832

$5,412

Ownwell’s Bridgeport Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bridgeport with just two data points. By entering your property's estimated assessed value, our calculator applies Bridgeport’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Madison County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Bridgeport, Madison County, New York

Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation arises because each county annually estimates its necessary budget to provide essential services and then divides that by the total value of all taxable property within its jurisdiction, leading to the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the yearly process. In Bridgeport, Madison County, New York, the effective property tax rate is notably higher compared to other cities in the state, as well as the national median. The median property tax rate in Bridgeport is 3.25%, which is significantly above the national average of 1.02%. This high rate reflects the local government's budgetary requirements and the total assessed value of properties. Comparing this to the national median property tax bill of $2,400, property owners in Bridgeport may face higher tax bills due to the elevated rate. Understanding these differences can help property owners make informed decisions and potentially explore property tax appeal and exemption services.

Property Tax Rates Across Bridgeport, Madison County, New York

Source: Ownwell

2.58%

3.25%

3.91%

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 Bridgeport Tax Rate

3.25%

Median Effective Madison County Tax Rate

3.06%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bridgeport, Madison County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
13030	2.98%	2.99%	3.25%	3.47%	3.73%

Source: Ownwell

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

When examining property taxes in Bridgeport, NY, 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.

In Madison County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Bridgeport. For example, the median home price in Bridgeport is $179,438, with tax bills ranging significantly across the county. Zip code 13030 has the highest median home price at $179,438.

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

Source: Ownwell

$49,012

$141,759

$234,506

Median Bridgeport Market Value

$179,438

Median Madison County Market Value

$136,471

Median New York Market Value

$255,644

Median United States Market Value

$235,294

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

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
13030	$92,500	$128,750	$179,438	$248,938	$320,500

Source: Ownwell

Property Tax Bills Across Bridgeport, Madison County, New York

In Bridgeport, Madison County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The tax rate is applied to this assessed value to determine the tax bill. Various factors, including the property's size, location, and market conditions, influence the assessed value. Homeowners in Bridgeport face property tax bills significantly higher than the national median of $2,400, with the 25th percentile at $4,220 and the 75th percentile reaching $7,906. This can be a substantial financial burden for many homeowners.

Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing your property's assessed value and comparing it to similar properties, Ownwell can identify discrepancies and help file an appeal to potentially lower your tax bill. This service can lead to significant savings, alleviating the financial pressure on homeowners. With Ownwell's expertise, you can ensure you're not overpaying on your property taxes in Bridgeport.

Property Tax Bills Across Bridgeport, Madison County, New York

Source: Ownwell

$1,355

$4,051

$6,747

Median Bridgeport Tax Bill

$5,896

Median Madison County Tax Bill

$4,460

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Bridgeport, Madison County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
13030	$3,067	$4,220	$5,896	$7,906	$10,181

Source: Ownwell

Don't miss the deadline to file a grievance!

Dates

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