Madison, Walton County, Georgia Property Taxes
Median Madison, GA effective property tax rate: 1.34%, significantly higher than the national median of 1.02%, but lower than the Georgia state median of 1.08%.
Median Madison, GA home value: $287,210
Median annual Madison, GA tax bill: $3,735, $1,335 higher than the national median property tax bill of $2,400.
How are property taxes in Walton County 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, Walton County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.34%
Estimate Property Tax Bill
$3,849
$3,571
Property Tax Rates Across Madison, Walton County, Georgia
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget annually to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these tax rates and budgets, this is essentially the annual process.
In Madison, located in Walton County, Georgia, the effective property tax rate is a critical factor for homeowners to consider. With a median property tax rate of 1.34%, Madison's rate is above the national median of 1.02%. This means that homeowners in Madison may face higher tax bills compared to many other areas in the U.S., where the median property tax bill is $2,400. However, it's important to note that within Georgia, Madison's rate is consistent across the state, reflecting a uniformity in property tax rates. Understanding these rates can help property owners make informed decisions and potentially explore options for property tax appeals or exemptions.
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
1.34%
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 Walton County Tax Rate
1.34%
Median Effective Georgia Tax Rate
1.08%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Madison, Walton County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30650 | 1.34% | 1.34% | 1.34% | 1.34% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Madison, Walton County, Georgia
When examining property taxes in Madison, Georgia, 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 Walton County Tax Assessor's Office 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.
In Walton 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. For example, the median home price in Madison is $287,210, with tax bills ranging significantly across the county. Zip code 30650 has the highest median home price at $287,210.
Property Tax Assessment Values Across Madison, Walton County, Georgia
Source: Ownwell
$123,520
$221,760
$320,000
Median Madison Market Value
$287,210
Median Walton County Market Value
$259,800
Median Georgia Market Value
$231,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Madison, Walton County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30650 | $111,071 | $197,900 | $287,210 | $376,950 | $528,480 |
Source: Ownwell
Property Tax Bills Across Madison, Walton County, Georgia
Median Madison Tax Bill
$3,735
Median Walton County Tax Bill
$4,679
Median Georgia Tax Bill
$2,212
Median United States Tax Bill
$2,400
Property Tax Bills Across Madison, Walton County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30650 | $1,449 | $2,508 | $3,735 | $5,042 | $7,069 |
Source: Ownwell