Sherburne, Madison County, New York Property Taxes

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

Median Sherburne, NY effective property tax rate: 2.58%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Sherburne, NY home value: $49,012
Median annual Sherburne, NY tax bill: $1,355, $1,045 lower than the national median property tax bill of $2,400.

How are property taxes in Madison calculated?

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

Last Updated March 1, 2025

Sherburne, Madison County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.58%

Estimate Property Tax Bill

$1,265

$1,173

Ownwell’s Sherburne Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sherburne with just two data points. By entering your property's estimated assessed value, our calculator applies Sherburne’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 Sherburne, Madison County, New York

Local government entities set tax rates, which can vary widely within a state. 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 Sherburne’s effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S. Sherburne, located in Madison County, has a notable property tax rate of 2.58%, which is significantly higher than the national median property tax rate of 1.02%. This places Sherburne among the highest in property tax rates not only within the state but also when compared to the national average. With the national median property tax bill at $2,400, residents in Sherburne experience a considerably higher tax burden. Understanding these figures can be crucial for property owners looking to manage their expenses effectively.

Property Tax Rates Across Sherburne, 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 Sherburne Tax Rate

2.58%

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 Sherburne, Madison County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
13460	2.58%	2.58%	2.58%	2.97%	2.97%

Source: Ownwell

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

When examining property taxes in Sherburne, 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 Sherburne.

For example, the median home price in Sherburne is $49,012, with tax bills ranging significantly across the county. Zip code 13460 has the highest median home price at $49,012.

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

Source: Ownwell

$49,012

$141,759

$234,506

Median Sherburne Market Value

$49,012

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 Sherburne, Madison County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
13460	$19,753	$32,222	$49,012	$106,049	$167,763

Source: Ownwell

Property Tax Bills Across Sherburne, Madison County, New York

Property tax bills in Sherburne, located in Madison County, NY, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, which is influenced by factors such as location, size, and improvements. Homeowners in Sherburne face a median property tax bill of $1,355, which is below the national median of $2,400. However, tax bills can vary significantly, with some paying as little as $832 at the 25th percentile and as much as $4,332 at the 90th percentile. These fluctuations can pose financial challenges, especially when the tax bill exceeds the national median rate of 1.02%.

Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By analyzing property assessments and identifying potential inaccuracies or overvaluations, Ownwell helps clients reduce their tax burden. This can lead to significant savings, ensuring homeowners pay only their fair share and alleviating the financial strain associated with high property taxes.

Property Tax Bills Across Sherburne, Madison County, New York

Source: Ownwell

$1,355

$4,051

$6,747

Median Sherburne Tax Bill

$1,355

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 Sherburne, Madison County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
13460	$565	$832	$1,355	$2,746	$4,332

Source: Ownwell

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Dates

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