Madison County, Illinois Property Taxes
Census Bureau ACS property tax data for Illinois. Population: 80,521.
The median annual property tax in Madison County is $3,232, which is 16% higher than the Illinois state average and 68% above the national average. The effective tax rate is 1.92% on a median home value of $167,900. Property taxes represent 4.3% of the median household income in this county.
Median Annual Tax
$3,232
+16% vs State
+68% vs US
Median Home Value
$167,900
+15% vs State
-21% vs US
Effective Tax Rate
1.92%
+5% vs State
+102% vs US
With vs Without Mortgage
With Mortgage
$3,604
$300/mo
Without Mortgage
$2,691
$224/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 | $3,232 +3.7% | 1.92% |
| 2022 | $3,117 +8.2% | 1.96% |
| 2021 | $2,881 +3.2% | 2.03% |
| 2020 | $2,791 +2.1% | 2.02% |
| 2019 | $2,734 | 2.02% |
Tax Burden
Tax-to-Income Ratio
4.3%
of median household income
Median Income
$74,800
per year
Monthly Tax
$269
per month
Other Counties in Illinois
Montgomery County
Tax: $1,758/yr Rate: 1.72%
Putnam County
Tax: $2,668/yr Rate: 1.59%
Jasper County
Tax: $2,341/yr Rate: 1.90%
McLean County
Tax: $4,503/yr Rate: 2.27%
Cook County
Tax: $6,053/yr Rate: 1.98%
Wabash County
Tax: $1,528/yr Rate: 1.47%
Frequently Asked Questions
What is the average property tax in Madison County, Illinois? ▼
The median annual property tax in Madison County is $3,232 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 1.92% on a median home value of $167,900.
How does Madison County property tax compare to the national average? ▼
Property taxes in Madison County are 68% above the national average of $1,923. The effective rate of 1.92% 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 $3,604 in annual property taxes, while homeowners without a mortgage pay $2,691. 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 4.3% of the median household income of $74,800. 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.