Munnsville, Madison County, New York Property Taxes

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

Median Munnsville, NY effective property tax rate: 2.95%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Munnsville, NY home value: $105,670
Median annual Munnsville, NY tax bill: $3,239, $839 higher than the national median property tax bill of $2,400.

How are property taxes in Madison calculated?

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

Last Updated March 1, 2025

Munnsville, Madison County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.95%

Estimate Property Tax Bill

$3,117

$2,893

Ownwell’s Munnsville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Munnsville with just two data points. By entering your property's estimated assessed value, our calculator applies Munnsville’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 Munnsville, 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 Munnsville’s effective property tax rate to other cities in NY and the median property tax rates in NY and the U.S. Munnsville, located in Madison County, stands out with a median property tax rate of 2.95%, which is notably higher than the national median of 1.02%. This rate is consistent across the county, reflecting the highest and lowest rates within the same zip code, 13409. Homeowners in Munnsville face a tax burden that exceeds the national average, emphasizing the importance of understanding local tax dynamics. By evaluating these rates, property owners can make informed decisions and potentially explore opportunities for tax appeals or exemptions. Understanding these nuances can lead to significant savings and ensure compliance with local tax regulations.

Property Tax Rates Across Munnsville, 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 Munnsville Tax Rate

2.95%

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 Munnsville, Madison County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
13409	2.81%	2.95%	2.95%	3.11%	3.29%

Source: Ownwell

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

When examining property taxes in Munnsville, 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 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 Munnsville. For example, the median home price in Munnsville is $105,670, with tax bills ranging significantly across the county. Zip code 13409 has the highest median home price at $105,670.

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

Source: Ownwell

$49,012

$141,759

$234,506

Median Munnsville Market Value

$105,670

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 Munnsville, Madison County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
13409	$38,144	$73,791	$105,670	$157,216	$217,140

Source: Ownwell

Property Tax Bills Across Munnsville, Madison County, New York

In Munnsville, located in Madison County, NY, property tax bills are determined by multiplying the assessed value of a home by the local property tax rate. The assessed value is a percentage of the home's market value, which is determined by local assessors. Homeowners in Munnsville face a median property tax bill of $3,239, which is significantly higher than the national median of $2,400. This can be a substantial financial burden, especially considering that 25% of homeowners pay at least $4,574, and 10% face bills exceeding $6,128. These figures highlight the importance of understanding property tax assessments and seeking potential reductions.

Ownwell offers a solution by assisting homeowners in appealing their property tax assessments. By analyzing market data and assessment practices, Ownwell identifies opportunities for tax savings. This service can be particularly beneficial in areas like Munnsville, where property tax bills are notably higher than the national average. By partnering with Ownwell, homeowners can potentially reduce their tax burden and achieve significant savings.

Property Tax Bills Across Munnsville, Madison County, New York

Source: Ownwell

$1,355

$4,051

$6,747

Median Munnsville Tax Bill

$3,239

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 Munnsville, Madison County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
13409	$1,202	$2,234	$3,239	$4,574	$6,128

Source: Ownwell

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Dates

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