Madison, Oneida County, New York Property Taxes

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

Median Madison, NY effective property tax rate: 1.09%, slightly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Madison, NY home value: $170,296
Median annual Madison, NY tax bill: $1,717, $683 lower than the national median property tax bill of $2,400.

How are property taxes in Oneida calculated?

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

Last Updated March 1, 2025

Madison, Oneida County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.09%

Estimate Property Tax Bill

$1,856

$1,723

Ownwell’s Madison Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Madison with just two data points. By entering your property's estimated assessed value, our calculator applies Madison’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 Oneida County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Madison, Oneida County, New York

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and then divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell. In Madison, located in Oneida County, New York, the effective property tax rate is a crucial factor for homeowners to consider. The median property tax rate in New York stands at 1.09%, which is slightly above the national median of 1.02%. This comparison highlights the importance of understanding local tax rates, as they can significantly impact the overall cost of property ownership. By being aware of these rates, homeowners can make informed decisions and potentially save on property taxes.

Property Tax Rates Across Madison, Oneida County, New York

Source: Ownwell

0.58%

1.99%

3.40%

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 Tax Rate

1.09%

Median Effective Oneida County Tax Rate

2.27%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Madison, Oneida County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
13402	1.02%	1.09%	1.09%	2.81%	2.81%

Source: Ownwell

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

When examining property taxes in Madison, 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 Oneida 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 Oneida 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 Madison. For example, the median home price in Madison is $170,296, with tax bills ranging significantly across the county. 13402 has the highest median home price at $170,296.

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

Source: Ownwell

$77,502

$158,567

$239,631

Median Madison Market Value

$170,296

Median Oneida County Market Value

$126,923

Median New York Market Value

$255,644

Median United States Market Value

$235,294

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

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
13402	$29,491	$100,046	$170,296	$208,064	$277,413

Source: Ownwell

Property Tax Bills Across Madison, Oneida County, New York

In Madison, Oneida County, NY, property tax bills are determined by assessing the property's market value and applying the local tax rate. The assessment process evaluates factors such as property size, location, and improvements. Homeowners in Madison face a median property tax bill of $1,717, which is below the national median of $2,400. This can be attributed to the median home price of $170,296 in the area. However, tax bills can vary significantly, with the 25th percentile at $1,079 and the 75th percentile reaching $4,236. High-value properties can see tax bills as steep as $5,302. These variations can impact homeowners' financial planning and overall affordability.

Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. Our experts analyze your assessment to ensure accuracy and fairness, potentially reducing your tax burden. By leveraging local knowledge and expertise, Ownwell helps you navigate the complexities of property taxation, ensuring you're not overpaying and keeping more money in your pocket.

Property Tax Bills Across Madison, Oneida County, New York

Source: Ownwell

$923

$3,966

$7,009

Median Madison Tax Bill

$1,717

Median Oneida County Tax Bill

$2,574

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Madison, Oneida County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
13402	$425	$1,079	$1,717	$4,236	$5,302

Source: Ownwell

Don't miss the deadline to file a grievance!

Dates

Links
Oneida Assessment Review Commission
Website	app.regrid.com