13418 Property Tax Rate

Property owners in ZIP code 13418 (North Brookfield, New York) pay a median of $1,875/year in property taxes on homes valued at $125,000. This translates to an effective tax rate of 1.50%, which is 19% below the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 13418 is approximately $156, which factors into escrow payments on mortgages. This ZIP code is located within Madison County. This is $3,377 less than the New York average of $5,252/year.

Compared to similar ZIP codes in New York, 13418 has higher property taxes. ZIP codes with similar effective rates include 12075 (1.50%) and 13673 (1.50%).

In North Brookfield, property taxes represent approximately 1.7% of the median household income of $113,125, providing context for the relative tax burden on homeowners in this area.

New York has no statewide property tax cap; Madison County reassesses properties on a set schedule, and purchase does not trigger an automatic revaluation. Households earning ≤$500,000 qualify for STAR (School Tax Relief) through the Madison County Assessor, typically saving $400–$600/year on school taxes. Apply by March 15 following your purchase; if age 65+, ask whether you qualify for Enhanced STAR for additional property tax relief.