Madison County Property Taxes
The median property tax rate in Madison County is 1.22%, which is significantly higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Madison County at $186,937, the typical annual property tax bill is $2,406, which is below the national median of $2,690. Property taxes in Madison County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions, such as the primary residence and agricultural exemptions. Understanding Madison County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Danielsville or another part of Madison County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Madison County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$2,160
Ownwell’s Madison County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Madison County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Madison County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Madison County, Georgia
Property taxes in Madison County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Madison County is 1.22%, which is higher than the U.S. national median of 0.99%. Local government entities within Madison County set these rates annually, and they can vary significantly between different areas within the county. Each year, Madison County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Madison County's effective property tax rate with other counties in Georgia and the national median. For comparison, the city of ILA has one of the higher property tax rates in Georgia at 1.44%, while the city of Commerce boasts one of the lowest at 1.22%. Analyzing how Madison County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Madison County Tax Rate
1.22%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Madison County, Georgia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Athens | 1.22% | 1.22% | 1.22% | 1.22% | 1.22% |
| Bowman | 1.22% | 1.22% | 1.22% | 1.22% | 1.22% |
| Carlton | 1.22% | 1.22% | 1.22% | 1.36% | 1.36% |
| Colbert | 1.22% | 1.22% | 1.22% | 1.22% | 1.39% |
| Comer | 1.22% | 1.22% | 1.22% | 1.44% | 1.44% |
| Commerce | 1.22% | 1.22% | 1.22% | 1.22% | 1.22% |
| Danielsville | 1.22% | 1.22% | 1.22% | 1.22% | 1.44% |
| Hull | 1.22% | 1.22% | 1.22% | 1.22% | 1.22% |
| Ila | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% |
| Nicholson | 1.22% | 1.22% | 1.22% | 1.22% | 1.22% |
| Royston | 1.22% | 1.22% | 1.22% | 1.22% | 1.22% |
| Winterville | 1.22% | 1.22% | 1.22% | 1.22% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Madison County, Georgia
In Madison County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Madison County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Madison County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Winterville has the highest median tax bill at $3,450, while Athens has the lowest at $1,334. Being aware of these valuation processes in Madison County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Madison County, Georgia
Source: Ownwell
$102,695
$192,623
$282,550
Average Madison County Assessed Value
$186,937
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Madison County, Georgia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Athens | $25,239 | $46,630 | $104,107 | $216,686 | $252,315 |
| Bowman | $32,161 | $88,181 | $183,625 | $350,574 | $492,833 |
| Carlton | $33,818 | $62,373 | $122,509 | $238,523 | $371,111 |
| Colbert | $39,118 | $92,391 | $200,524 | $292,049 | $404,765 |
| Comer | $43,746 | $88,340 | $176,840 | $270,475 | $403,623 |
| Commerce | $47,589 | $87,680 | $191,868 | $316,433 | $458,075 |
| Danielsville | $41,840 | $81,152 | $170,968 | $289,772 | $432,928 |
| Hull | $43,246 | $103,436 | $207,051 | $320,070 | $428,139 |
| Ila | $102,695 | $102,695 | $102,695 | $102,695 | $102,695 |
| Nicholson | $58,056 | $116,774 | $209,848 | $275,960 | $442,735 |
| Royston | $42,314 | $89,014 | $176,346 | $314,654 | $482,705 |
| Winterville | $75,229 | $96,406 | $282,550 | $359,126 | $463,662 |
Source: Ownwell
Property Tax Bills Across Madison County, Georgia
In Madison County, GA, property tax bills are determined by assessing the market value of a property and applying the local tax rate to this value. The assessed value is typically a percentage of the market value, which is then multiplied by the county's millage rate to calculate the tax owed. Factors such as property improvements, market conditions, and neighborhood trends can influence the assessed value. Homeowners in Madison County experience varying tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is around $1,167, while the 75th percentile reaches approximately $3,725. The 90th percentile tax bill can be as high as $5,258, indicating significant variation based on property value and location. Comparatively, Madison County's property tax rates are relatively moderate. In Winterville, the highest median tax bill is $3,450, whereas Athens has the lowest median tax bill at $1,334. These figures provide a snapshot of how property taxes can impact homeowners differently across the county. With the national median property tax rate at 0.99%, understanding local variations is crucial for homeowners planning their finances.
Average Madison County Tax Bill
$2,406
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Madison County, Georgia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Athens | $342 | $635 | $1,334 | $2,688 | $3,123 |
| Bowman | $703 | $1,122 | $2,511 | $4,388 | $6,223 |
| Carlton | $492 | $821 | $1,671 | $3,079 | $4,841 |
| Colbert | $552 | $1,237 | $2,581 | $3,689 | $5,056 |
| Comer | $603 | $1,213 | $2,365 | $3,634 | $5,125 |
| Commerce | $651 | $1,216 | $2,419 | $3,922 | $5,614 |
| Danielsville | $594 | $1,065 | $2,208 | $3,666 | $5,427 |
| Hull | $622 | $1,374 | $2,579 | $3,944 | $5,243 |
| Ila | $1,480 | $1,480 | $1,480 | $1,480 | $1,480 |
| Nicholson | $830 | $1,512 | $2,597 | $3,399 | $5,460 |
| Royston | $667 | $1,169 | $2,230 | $3,878 | $5,919 |
| Winterville | $919 | $1,177 | $3,450 | $4,385 | $5,662 |
Source: Ownwell