Madison County, North Carolina Property Taxes
Census Bureau ACS property tax data for North Carolina. Population: 6,546.
The median annual property tax in Madison County is $1,307, which is 9% lower than the North Carolina state average and 32% below the national average. The effective tax rate is 0.50% on a median home value of $263,500. Property taxes represent 2.2% of the median household income in this county.
Median Annual Tax
$1,307
-9% vs State
-32% vs US
Median Home Value
$263,500
+23% vs State
+25% vs US
Effective Tax Rate
0.50%
-29% vs State
-47% vs US
With vs Without Mortgage
With Mortgage
$1,412
$118/mo
Without Mortgage
$1,207
$101/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 | $1,307 +1.9% | 0.50% |
| 2022 | $1,283 +8.5% | 0.54% |
| 2021 | $1,182 +4.2% | 0.57% |
| 2020 | $1,134 -2.9% | 0.57% |
| 2019 | $1,168 | 0.60% |
Tax Burden
Tax-to-Income Ratio
2.2%
of median household income
Median Income
$58,628
per year
Monthly Tax
$109
per month
Other Counties in North Carolina
Harnett County
Tax: $1,642/yr Rate: 0.74%
Randolph County
Tax: $1,236/yr Rate: 0.72%
Caldwell County
Tax: $1,112/yr Rate: 0.64%
Ashe County
Tax: $1,136/yr Rate: 0.51%
Alexander County
Tax: $1,199/yr Rate: 0.63%
Craven County
Tax: $1,372/yr Rate: 0.67%
Frequently Asked Questions
What is the average property tax in Madison County, North Carolina? ▼
The median annual property tax in Madison County is $1,307 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.50% on a median home value of $263,500.
How does Madison County property tax compare to the national average? ▼
Property taxes in Madison County are 32% below the national average of $1,923. The effective rate of 0.50% 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 $1,412 in annual property taxes, while homeowners without a mortgage pay $1,207. 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 2.2% of the median household income of $58,628. 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.