Brookfield, Madison County, New York Property Taxes
Median Brookfield, NY effective property tax rate: 2.97%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Brookfield, NY home value: $80,124
Median annual Brookfield, NY tax bill: $2,430, $30 higher than the national median property tax bill of $2,400.
How are property taxes in Madison calculated?
Property taxes in Brookfield, 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 Brookfield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Brookfield, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Brookfield, Madison County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.97%
Estimate Property Tax Bill
$2,380
$2,208
Property Tax Rates Across Brookfield, Madison County, New York
Local government entities in New York set property tax rates, and these can vary significantly across the state. Each year, counties like Madison assess their budgetary needs for public services and divide that by the total value of all taxable property within their boundaries. This process determines the property tax rate. While votes and legislation play a role in setting these rates and budgets, this is the core of the annual procedure.
In Brookfield, located in Madison County, the effective property tax rate stands at 2.97%, which is considerably higher than the national median property tax rate of 1.02%. This comparison highlights the variance in tax rates not only within New York but also when juxtaposed against national figures. Understanding these differences is crucial for property owners, as they directly impact the annual property tax bill. The median property tax rate in New York reflects a similar pattern, emphasizing the importance of being informed and proactive about property tax appeals and exemptions.
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 Brookfield Tax Rate
2.97%
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 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 Brookfield, Madison County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13314 | 2.73% | 2.97% | 2.97% | 3.05% | 3.05% |
Source: Ownwell
Property Tax Assessment Values Across Brookfield, Madison County, New York
When examining property taxes in Brookfield, 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 Brookfield.
For example, the median home price in Brookfield is $80,124, with tax bills ranging significantly across the county. Zip code 13314 has the highest median home price at $80,124.
Property Tax Assessment Values Across Brookfield, Madison County, New York
Source: Ownwell
$49,012
$141,759
$234,506
Median Brookfield Market Value
$80,124
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 Brookfield, Madison County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13314 | $29,000 | $54,259 | $80,124 | $108,580 | $172,111 |
Source: Ownwell
Property Tax Bills Across Brookfield, Madison County, New York
In Brookfield, Madison County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to determine the tax bill. In Brookfield, homeowners face a median tax bill of $2,430, which aligns closely with the national median of $2,400. Factors such as property location, size, and improvements can influence the assessed value, impacting the final tax bill. For homeowners, this means a significant annual expense that can affect their financial planning and homeownership costs.
Ownwell offers a valuable service by assisting homeowners in appealing their property tax assessments, potentially reducing their tax bills. By leveraging their expertise in property tax laws and local market trends, Ownwell can identify discrepancies in assessments and guide homeowners through the appeal process. This can result in substantial savings, alleviating the financial burden on homeowners in Brookfield and ensuring they pay only their fair share in property taxes.
Median Brookfield Tax Bill
$2,430
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 Brookfield, Madison County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13314 | $748 | $1,367 | $2,430 | $3,204 | $4,840 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Madison Assessment Review Commission | |
| Website | property.madisoncounty.ny.gov |