Madison County, Indiana Property Taxes
Median Madison County effective property tax rate: 1.09%, significantly higher than the national median of 1.02%.
Median Madison County home value: $92,550
Median annual Madison County tax bill: $1,130, $1,270 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 Anderson or another part of Madison County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Madison County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.09%
Estimate Property Tax Bill
$1,009
$936
Ownwell’s Madison County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Madison County with just two data points.
By entering your property's estimated assessed value, our calculator applies Madison County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Madison County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Madison County, Indiana
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
1.09%
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 Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Madison County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alexandria | 0.51% | 0.87% | 1.11% | 1.88% | 2.45% |
| Anderson | 0.74% | 1.02% | 1.12% | 2.23% | 2.53% |
| Chesterfield | 0.73% | 0.86% | 1.15% | 2.23% | 3.12% |
| Elwood | 0.62% | 0.98% | 1.03% | 1.98% | 2.83% |
| Fairmount | 0.72% | 0.73% | 0.83% | 0.91% | 1.32% |
| Fortville | 0.54% | 0.76% | 0.97% | 1.51% | 1.90% |
| Frankton | 0.70% | 0.89% | 1.01% | 1.95% | 2.61% |
| Ingalls | 0.47% | 0.71% | 0.99% | 1.88% | 2.02% |
| Lapel | 0.62% | 0.85% | 0.97% | 1.45% | 2.00% |
| Markleville | 0.53% | 0.75% | 0.98% | 1.45% | 2.00% |
| Middletown | 0.57% | 0.86% | 1.03% | 1.14% | 1.98% |
| Noblesville | 0.75% | 0.83% | 1.01% | 1.08% | 1.10% |
| Orestes | 0.40% | 0.53% | 1.40% | 2.03% | 2.04% |
| Pendleton | 0.46% | 0.82% | 0.96% | 1.03% | 1.77% |
| Summitville | 0.47% | 0.68% | 0.92% | 1.70% | 2.00% |
| Gaston | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Madison County, Indiana
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 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 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 $1,772, with tax bills ranging significantly across the county. Pendleton has the highest median home price at $217,550.
Median Madison County Market Value
$92,550
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Madison County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alexandria | $18,800 | $52,400 | $88,300 | $132,600 | $184,300 |
| Anderson | $29,800 | $49,700 | $83,800 | $126,500 | $173,100 |
| Chesterfield | $34,200 | $52,900 | $65,900 | $90,650 | $105,900 |
| Elwood | $19,500 | $43,500 | $68,300 | $98,400 | $152,070 |
| Fairmount | $89,720 | $122,300 | $144,150 | $172,725 | $203,220 |
| Fortville | $24,600 | $95,900 | $151,800 | $239,600 | $362,240 |
| Frankton | $15,630 | $59,800 | $93,500 | $136,800 | $214,010 |
| Ingalls | $17,300 | $64,800 | $105,500 | $159,400 | $186,000 |
| Lapel | $50,860 | $81,800 | $114,300 | $173,600 | $278,480 |
| Markleville | $43,620 | $78,300 | $115,400 | $165,250 | $235,400 |
| Middletown | $66,010 | $113,050 | $149,150 | $205,525 | $256,520 |
| Noblesville | $108,500 | $139,600 | $187,000 | $200,600 | $210,600 |
| Orestes | $8,400 | $33,100 | $56,400 | $73,400 | $90,050 |
| Pendleton | $109,300 | $160,425 | $217,550 | $293,500 | $379,690 |
| Summitville | $17,260 | $56,025 | $87,850 | $127,075 | $197,680 |
| Gaston | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Madison County, Indiana
In Madison County, Indiana, property tax bills are calculated based on the assessed value of a home. The median home price in the county is $92,550, and homeowners can expect a tax bill that varies significantly depending on the value of their property. For instance, those in the 25th percentile receive a tax bill of around $656, while those in the 75th percentile pay approximately $1,772. At the 90th percentile, the tax bill increases to $2,671, reflecting the higher property values in this bracket.
The property tax rate in Madison County is influenced by multiple factors, including local government budgets and school district funding requirements. Homeowners in Madison County generally pay less than the national median property tax bill of $2,400, making it a relatively affordable area in terms of property taxes. However, the highest median tax bill within the county is found in Noblesville at $2,044, whereas Orestes offers the lowest at $383. These variations highlight the impact of location and property value on tax obligations.
Median Madison County Tax Bill
$1,130
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Madison County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alexandria | $210 | $523 | $988 | $1,607 | $2,421 |
| Anderson | $381 | $695 | $1,109 | $1,640 | $2,368 |
| Chesterfield | $373 | $527 | $778 | $1,167 | $1,855 |
| Elwood | $216 | $490 | $820 | $1,315 | $1,975 |
| Fairmount | $805 | $940 | $1,174 | $1,508 | $2,598 |
| Fortville | $187 | $713 | $1,484 | $2,751 | $4,219 |
| Frankton | $250 | $524 | $968 | $1,647 | $2,829 |
| Ingalls | $157 | $402 | $1,095 | $1,772 | $2,770 |
| Lapel | $365 | $726 | $1,259 | $2,056 | $2,944 |
| Markleville | $304 | $605 | $1,229 | $1,964 | $3,003 |
| Middletown | $403 | $739 | $1,579 | $2,336 | $3,255 |
| Noblesville | $809 | $969 | $2,044 | $2,204 | $2,595 |
| Orestes | $93 | $212 | $383 | $849 | $1,245 |
| Pendleton | $307 | $1,261 | $1,997 | $2,872 | $3,993 |
| Summitville | $177 | $409 | $758 | $1,410 | $2,291 |
| Gaston | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell