Madison, Greene County, Georgia Property Taxes
Median Madison, GA effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, but lower than the Georgia state median of 1.08%.
Median Madison, GA home value: $132,939
Median annual Madison, GA tax bill: $831, $1,569 lower than the national median property tax bill of $2,400.
How are property taxes in Greene calculated?
Property taxes in Madison, GA 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 Madison’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Madison, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Madison, Greene County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.75%
Estimate Property Tax Bill
$997
$925
Property Tax Rates Across Madison, Greene County, Georgia
Local government entities determine tax rates, and these can fluctuate significantly across a state. This happens because each county calculates its budgetary needs annually to provide essential services, then divides this amount by the total assessed value of all taxable properties within the county. This calculation establishes the property tax rate. While the process involves votes and legislation, this is essentially how it unfolds each year.
In Madison, located in Greene County, the effective property tax rate stands out when compared to other cities in Georgia. Madison's rate is the same as the highest in the state, showing a consistency in tax assessment within the area. This rate is lower than the national median property tax rate of 1.02%. Property owners in Madison benefit from this lower rate, which results in a more manageable property tax bill compared to the national median bill of $2400. This presents an opportunity for property owners to potentially save on taxes while enjoying the services funded by these taxes.
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 Tax Rate
0.75%
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 Greene County Tax Rate
0.72%
Median Effective Georgia Tax Rate
1.08%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Madison, Greene County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30650 | 0.38% | 0.54% | 0.75% | 0.88% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Madison, Greene County, Georgia
When examining property taxes in Madison, GA, 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 Greene County appraisal district 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 Greene County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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. For example, the median home price in Madison is $132,939, with tax bills ranging significantly across the county. Zip code 30650 has the highest median home price at $132,939.
Property Tax Assessment Values Across Madison, Greene County, Georgia
Source: Ownwell
$50,626
$259,063
$467,500
Median Madison Market Value
$132,939
Median Greene County Market Value
$377,850
Median Georgia Market Value
$231,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Madison, Greene County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30650 | $34,518 | $60,520 | $132,939 | $255,790 | $363,310 |
Source: Ownwell
Property Tax Bills Across Madison, Greene County, Georgia
In Madison, GA, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The local tax rate, known as the millage rate, is then applied to this assessed value to determine the tax bill. Factors influencing the tax bill include the property's location, size, and any applicable exemptions. For instance, Madison's median tax bill stands at $831, significantly lower than the national median of $2,400, making it an attractive location for homeowners seeking lower property taxes. However, even within Madison, tax bills can vary, with some homeowners paying as much as $2,313.
Ownwell can assist Madison homeowners by identifying potential savings on their property tax bills. By analyzing the assessed value and comparing it with market trends, Ownwell can help challenge over-assessments and ensure that homeowners are not overpaying. Additionally, Ownwell provides guidance on available exemptions, further reducing the tax burden. This comprehensive approach ensures Madison homeowners pay only their fair share, maximizing their savings.
Median Madison Tax Bill
$831
Median Greene County Tax Bill
$2,218
Median Georgia Tax Bill
$2,212
Median United States Tax Bill
$2,400
Property Tax Bills Across Madison, Greene County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30650 | $296 | $471 | $831 | $1,507 | $2,313 |
Source: Ownwell