Madison County, Florida Property Taxes
Median Madison County effective property tax rate: 0.91%, significantly lower than the national median of 1.02%.
Median Madison County home value: $84,303
Median annual Madison County tax bill: $811, $1,589 lower than the national median property tax bill of $2,400.
How are property taxes in Madison County calculated?
Property taxes in Madison County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Madison or another part of Madison County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Madison County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.91%
Estimate Property Tax Bill
$767
$712
Property Tax Rates Across Madison County, Florida
Local government entities determine property tax rates, which can significantly differ across a state. Each year, counties calculate their required budget to maintain public services and divide this by the total value of all taxable property in their area, resulting in the property tax rate. Although this process involves various votes and legal considerations, this is essentially how it works annually.
In Madison County, Florida, the effective property tax rate stands at 0.91%, which is below the national median property tax rate of 1.02%. This positions Madison County as a relatively favorable location for property owners from a tax perspective. Within the county, the highest median tax rate is 0.94% in the city of Madison, while the lowest is 0.85% in Pinetta. These figures illustrate the variation in property tax rates within the county itself. Comparing these rates to the national median tax bill of $2400, Madison County offers a competitive advantage for property owners seeking lower property tax obligations.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Madison County Tax Rate
0.91%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Florida Tax Rate
1.14%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Madison County, Florida
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Greenville | 0.38% | 0.70% | 0.91% | 1.81% | 2.46% |
| Lamont | 0.60% | 0.75% | 0.93% | 1.69% | 2.04% |
| Lee | 0.53% | 0.72% | 0.91% | 1.61% | 2.00% |
| Madison | 0.48% | 0.69% | 0.94% | 1.77% | 2.07% |
| Pinetta | 0.48% | 0.69% | 0.85% | 1.50% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Madison County, Florida
When examining property taxes in Madison County, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Madison County Property Appraiser estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices: In Madison County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Madison County. For example, the median tax bill in Madison County is $879, with tax bills ranging significantly across the county. Pinetta has the highest median home price at $106,274.
Median Madison County Market Value
$84,303
Median Florida Market Value
$276,648
Median United States Market Value
$235,294
Property Tax Assessment Values Across Madison County, Florida
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Greenville | $22,940 | $39,017 | $68,668 | $117,972 | $172,545 |
| Lamont | $30,726 | $48,492 | $94,810 | $146,542 | $185,696 |
| Lee | $30,692 | $54,546 | $89,939 | $137,059 | $201,209 |
| Madison | $29,965 | $51,768 | $84,034 | $143,198 | $224,320 |
| Pinetta | $35,239 | $62,258 | $106,274 | $164,599 | $247,440 |
Source: Ownwell
Property Tax Bills Across Madison County, Florida
Median Madison County Tax Bill
$811
Median Florida Tax Bill
$2,953
Median United States Tax Bill
$2,400
Don't miss the deadline to petition!
Links | |
|---|---|
| Madison Property Appraiser | |
| Website | qpublic.schneidercorp.com |