New Woodstock, Madison County, New York Property Taxes
Median New Woodstock, NY effective property tax rate: 2.83%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median New Woodstock, NY home value: $131,868
Median annual New Woodstock, NY tax bill: $3,850, $1,450 higher than the national median property tax bill of $2,400.
How are property taxes in Madison calculated?
Property taxes in New Woodstock, 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 New Woodstock’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Woodstock, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
New Woodstock, Madison County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.83%
Estimate Property Tax Bill
$3,732
$3,463
Property Tax Rates Across New Woodstock, Madison County, New York
Local government entities in New Woodstock, located in Madison County, NY, are responsible for setting property tax rates, which can differ significantly within the state. Each year, the county estimates its budgetary needs to provide essential services and divides this by the total assessed value of all taxable properties within its jurisdiction. This process determines the property tax rate. While voting and legislation play roles in setting these rates and budgets, this annual calculation is the core of the process.
In New Woodstock, the effective property tax rate is 2.83%, which is notably higher than the national median property tax rate of 1.02%. This percentage reflects the county's financial requirements and the total taxable property value. Compared to the national median property tax bill of $2400, property owners in New Woodstock face a more substantial tax burden. Understanding these rates can help property owners make informed decisions about appealing their property taxes or seeking 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 New Woodstock Tax Rate
2.83%
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 New Woodstock, Madison County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13122 | 2.71% | 2.71% | 2.83% | 3.04% | 3.04% |
Source: Ownwell
Property Tax Assessment Values Across New Woodstock, Madison County, New York
When examining property taxes in New Woodstock, 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 March. 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 New Woodstock. For example, the median home price in New Woodstock is $131,868, with tax bills ranging significantly across the county. Zip code 13122 has the highest median home price at $131,868.
Property Tax Assessment Values Across New Woodstock, Madison County, New York
Source: Ownwell
$49,012
$141,759
$234,506
Median New Woodstock Market Value
$131,868
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 New Woodstock, Madison County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13122 | $50,608 | $93,407 | $131,868 | $199,450 | $307,692 |
Source: Ownwell
Property Tax Bills Across New Woodstock, Madison County, New York
In New Woodstock, Madison County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as home size, location, and market trends influence this assessed value. Homeowners in New Woodstock face a median property tax bill of $3,850, which is significantly above the national median of $2,400. This can place a considerable financial burden on homeowners, especially when compared to the national median property tax rate of 1.02%.
Ownwell offers a solution by helping homeowners appeal their property tax assessments. By ensuring that homes are accurately assessed, Ownwell can potentially lower tax bills, offering significant savings. Our experts guide homeowners through the appeal process, increasing the chances of a successful reduction. This not only eases the financial strain but also ensures fair taxation based on the true value of the property.
Median New Woodstock Tax Bill
$3,850
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 New Woodstock, Madison County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13122 | $1,382 | $2,668 | $3,850 | $5,756 | $8,587 |
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 |