Florida · County property tax · ACS 2024
Madison County Property Taxes
The median homeowner in Madison County pays $965 a year, an effective rate of 0.83%, far below the U.S. average.
- $965
- Median tax / yr · Low bill
- 0.83%
- Effective rate · Above-median rate
- -52%
- vs U.S. average
- #9 of 67
- rank in FL
The verdict
Homeowners in Madison County pay a median $965 a year in property tax, an effective rate of 0.83%, more affordable than 48% of U.S. counties (Census ACS 2024).
- $965
- Median annual tax bill, 2024
- 0.83%
- Effective rate on median home
- #1639 of 3135
- U.S. counties by tax burden
- -52%
- vs the national average bill
Effective rate is the median property tax bill divided by the median home value ($116,200). U.S. Census Bureau, ACS 5-Year Estimates · 2024.
Census Bureau ACS property tax data for Florida. Population: 18,089. Owner-occupied homes: 5,121.
The median annual property tax in Madison County is $965, which is 65% lower than the Florida state average and 52% below the national average. The effective tax rate is 0.83% on a median home value of $116,200. Property taxes represent 2.0% of the median household income in this county.
Why Madison County's ACS bill runs light vs the U.S.
Primary signal
The bill sits well below the national median
Homeowners in Madison County pay a median annual property tax of $965, far below the national median and far below the Florida state median. On a $116,200 median home, that works out to an effective rate of 0.83% once the local assessment base and millage are combined.
Decision signal 2
Low among Florida counties by effective rate
Madison County ranks #9 of 67 counties in Florida by effective rate (87% of in-state counties pay a lower rate).
Decision signal 3
Income carries a light tax share
Property taxes in Madison County run a bit below the commonly cited 2%-4% national benchmark, at about 2.0% of the $48,485 median household income.
Decision signal 4
The effective rate sits near the national middle
Madison County's 0.83% effective rate sits near the middle of 3,135 tracked counties (more affordable than 48%).
Informational notice
Figures describe the median homeowner household in Madison County as reported to the Census Bureau; your parcel can differ. Not tax, legal, or financial advice: check the county assessor or a qualified professional before decisions that depend on these numbers.
A falling rate took the edge off
Madison County's effective rate fell 16.9% across the 4-year span while its median home value rose 30.4%, leaving the median bill 8.4% higher at $965. That rate move is larger than the one in 72% of counties, so a good deal of the market's rise never reached the bill.
Effective rate is the published median bill divided by the published median home value, so the two multiply back to the bill exactly; the rate's movement here is derived from those two figures rather than read from the rounded published rate. Both are ACS 5-year survey estimates for the median owner-occupied household, compared across non-overlapping releases. They describe what the Census published, not a local policy, assessment, or exemption change.
How to read this county's bill
Very little moved here between 2020 and 2024: the typical bill went from $890 to $965, a change of 8%. The comparison describes county-level medians only; individual assessments and bills can differ.
The largest reported group here falls at the bottom of the national range: 1,807 of 5,121 owner-occupied homes (35.3%) report annual real-estate taxes under $800. This distribution describes reported owner-occupied homes, not an affordability judgment for any property.
This county earns in the bottom quarter of the country and taxes above the median rate, so the median bill absorbs 2.0% of median household income. The rate alone understates that; it is the pairing that matters.
The share above is the median annual bill divided by median household income, a ratio of two county-level medians rather than a household-by-household figure.
Paying off the mortgage changes the picture here
23.6% of Madison County homes owned free and clear (735 of 3,120) report no property tax at all, against 12.5% of homes still carrying a mortgage. A reported zero is not proof of an exemption: it can equally mean a bill paid by another party, or a reporting artefact. But a gap this size is where age- and disability-based relief usually shows up, because those programmes reach owners who have finished paying.
What Madison County Homeowners Actually Pay
The single largest group of Madison County homeowners, 1,807 of 5,121 owner-occupied homes (35.3%), pays less than $800 a year. The median is one point in this spread, not a typical bill.
- Less than $800 35.3% (1,807)
- $800 to $1,499 17.9% (918)
- $1,500 to $1,999 6.0% (306)
- $2,000 to $2,999 10.5% (538)
- $3,000 or more 11.1% (567)
Census ACS 2024, table B25102. Bands and the no-tax share sum to 100%.
985 homes here (19.2%) report no real estate tax at all, a sizeable minority for a county this size. Exemptions are set by state: how Florida handles assessments and appeals.
With vs Without Mortgage
Mortgaged homeowners in Madison County pay more than double the bill of those without one (+118%), the widest kind of value gap this dataset tracks.
Madison County's bill vs state & U.S. medians
Median annual bill bars around Madison County's LIGHT ACS 2024 figure.
Madison County's median bill is 65% below the Florida median and 52% below the U.S. median.
Same rate as Florida, a smaller bill
The effective rate here sits within 9% of the Florida median, yet the median bill runs 65% below it. When the rate matches and the cheque does not, the difference is in what is being taxed, not how heavily: the same percentage applied to cheaper housing produces $965 here. That is why comparing counties on rate alone can invert the answer a homeowner actually cares about.
Madison County vs Benchmarks
| Metric | Madison County | Florida Avg | U.S. Avg |
|---|---|---|---|
| Median Annual Tax Low bill | |||
| Effective Tax Rate Above-median rate | |||
| Median Home Value | |||
| Tax as % of income Below-median income burden | 2.0% | - | - |
Source: U.S. Census Bureau, ACS 5-Year Estimates. Tax-burden differences across rows reflect millage decisions, assessment-ratio practices, and the residential-vs-commercial mix of each tax base.
Madison County is UNDER · LIGHT on ACS medians, still verify your parcel card before quoting the county figure. Estimate appeal savings · Florida counties.
Madison County bill trail · LIGHT
| Year | Median Tax (vs prior release) | Effective Rate |
|---|---|---|
| 2024 | $965 +4.0% | 0.83% |
| 2023 | $928 +1.5% | 0.88% |
| 2022 | $914 +7.9% | 0.99% |
| 2021 | $847 -4.8% | 0.95% |
| 2020 | $890 | 1.00% |
Each row is a separate ACS 5-year release, and consecutive releases share four of their five survey years. The percentage beside each bill is therefore movement in the published estimate against the previous release, not a single year's tax change. The two releases largely describe the same households. For change over time, compare releases that do not overlap.
Madison County: tax takes only 2.0% of income
Counties near Madison County's median bill
On effective rate, Madison County sits nearest Contra Costa County (CA), Haines Borough (AK), Bristol Bay Borough (AK).
On published median-tax change, the nearest matches are Upshur County (TX), Williams County (ND), Graham County (AZ).
How peers are chosen
These are the nearest cross-state matches in the published Census data, not neighboring counties or recommendations. Peers are rebuilt with each data release; see the calculation method.
Similar effective rates
Similar published median-tax changes, 2020–2024
Madison County: only 3% of returns show Schedule A real-estate tax
Tax year 2022: 210 of 7,470 returns from Madison County reported real estate taxes, averaging $6,267 - 29% of those reporters sat in the $100-200k AGI band.
What this IRS county file does not say
Amounts are reported before the SALT cap, not deducted; the share is of filers, not homeowners. Source: IRS SOI county data, tax year 2022.
Other Counties in Florida
Madison County bill FAQs
- How does Madison County property tax compare to the national average?
- Property taxes in Madison County run far below the national median of $1,993, an effective rate of 0.83% versus 0.92% nationally.
- What percentage of income goes to property taxes in Madison County?
- Property taxes in Madison County run a bit below the commonly cited 2%-4% national benchmark, at about 2.0% of the $48,485 median household income.
- What is the average property tax in Madison County, Florida?
- The median annual property tax in Madison County is $965, an effective rate of 0.83% on a $116,200 median home (Census ACS, 2024).
- Are property taxes increasing in Madison County?
- The ACS median property-tax bill for Madison County climbed 8.4% between the 2020 and 2024 5-year releases, from $890 to $965, a 4-year span. These are survey estimates covering five years each, so this compares the two releases furthest apart rather than consecutive ones, which overlap and would mostly measure the same households twice.
- What is the tax affordability score for Madison County?
- Madison County, Florida scores C (57/100) on PlainPropertyTax's tax affordability composite across 5 Census ACS dimensions (effective rate, bill size, income share, mortgage gap, and home-value/income). Its strongest scored dimension here is bill size at B+ ($965/yr). The score compares published county medians to U.S. percentiles, it is not a personal bill and not advice to buy, sell, appeal, or relocate.
What to do with Madison County's LIGHT bill
Madison County's $965 median bill sits well below the U.S. median - still size a parcel estimate; local millage and exemptions move the real bill. Estimate your bill →
Income burden is light here: about 2.0% of Madison County's $48,485 median household income goes to the property-tax bill.
Nationwide peers by median bill (then rate)
Bill-first peers for Madison County's LIGHT median, then a disjoint out-of-state rate set, not the same-state geography lattice.
Similar effective rate
Nearest out-of-state counties by ACS effective rate. This county: 0.83%.
Similar median bill
Nearest out-of-state counties by ACS median annual tax. This county: $965/yr. Rate peers are excluded so the two link sets stay distinct.
Read with Madison County
Nearest ABS(median_tax) ACS peers for Madison County (UNDER · LIGHT), replacing the old fixed Keep exploring strip.
UNDER LIGHT
Hart County, KY
ABS(median_tax) peer · tied with Madison County at $965/yr; rate 0.66% vs Madison County 0.83%.
Ward County, TX
ABS(median_tax) peer · tied with Madison County at $965/yr; rate 0.64% vs Madison County 0.83%.
Greenwood County, SC
ABS(median_tax) peer · $964/yr (near-tied bill ABS $1); rate 0.53% vs Madison County 0.83%.
Jones County, NC
ABS(median_tax) peer · $964/yr (near-tied bill ABS $1); rate 0.74% vs Madison County 0.83%.
Florida county set
State ACS overview for every published Florida county rate and median bill.
Assessment cycle basics
Madison County stamps UNDER · LIGHT - how assessed value and millage become the ACS median bill.
Data vintage and method
Data as of 2024. 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.
Source: U.S. Census Bureau American Community Survey 5-Year Estimates, county median real-estate taxes · 2024 Madison County (UNDER · LIGHT) - ACS medians, not a parcel bill.