Madison County, Florida Property Taxes
Census Bureau ACS property tax data for Florida. Population: 5,026.
The median annual property tax in Madison County is $928, which is 51% lower than the Florida state average and 52% below the national average. The effective tax rate is 0.88% on a median home value of $105,900. Property taxes represent 1.9% of the median household income in this county.
Median Annual Tax
$928
-51% vs State
-52% vs US
Median Home Value
$105,900
-59% vs State
-50% vs US
Effective Tax Rate
0.88%
+21% vs State
-7% vs US
With vs Without Mortgage
With Mortgage
$1,387
$116/mo
Without Mortgage
$686
$57/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $928 +1.5% | 0.88% |
| 2022 | $914 +7.9% | 0.99% |
| 2021 | $847 -4.8% | 0.95% |
| 2020 | $890 +2.8% | 1.00% |
| 2019 | $866 | 0.97% |
Tax Burden
Tax-to-Income Ratio
1.9%
of median household income
Median Income
$48,176
per year
Monthly Tax
$77
per month
Other Counties in Florida
Putnam County
Tax: $1,196/yr Rate: 0.81%
Jefferson County
Tax: $1,348/yr Rate: 0.68%
Gadsden County
Tax: $854/yr Rate: 0.55%
St. Johns County
Tax: $3,547/yr Rate: 0.78%
St. Lucie County
Tax: $2,893/yr Rate: 0.95%
Okaloosa County
Tax: $1,948/yr Rate: 0.60%
Frequently Asked Questions
What is the average property tax in Madison County, Florida? ▼
The median annual property tax in Madison County is $928 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.88% on a median home value of $105,900.
How does Madison County property tax compare to the national average? ▼
Property taxes in Madison County are 52% below the national average of $1,923. The effective rate of 0.88% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Madison County? ▼
In Madison County, homeowners with a mortgage pay a median of $1,387 in annual property taxes, while homeowners without a mortgage pay $686. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Madison County? ▼
Property taxes in Madison County represent approximately 1.9% of the median household income of $48,176. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.