Madison County, Mississippi Property Taxes

Name: Property Tax Bills Across Madison County, Mississippi
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Madison County effective property tax rate: 0.96%, significantly lower than the national median of 1.02%.
Median Madison County home value: $167,330
Median annual Madison County tax bill: $1,681, $719 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 Canton or another part of Madison County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Madison County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.96%

Estimate Property Tax Bill

$1,606

$1,491

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, Mississippi

Local government entities set tax rates, which can vary widely within a state. This is because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Madison County's effective property tax rate to other counties in Mississippi or the U.S. median property tax rate.

Property Tax Rates Across Madison County, Mississippi

Source: Ownwell

0.63%

1.08%

1.54%

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

0.96%

Median Effective Mississippi Tax Rate

1.31%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Madison County, Mississippi

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Bolton	0.52%	0.52%	0.63%	1.39%	1.39%
Camden	0.52%	0.68%	1.40%	1.45%	1.54%
Canton	0.58%	0.84%	1.27%	1.55%	2.21%
Carthage	0.61%	0.80%	1.54%	1.54%	1.54%
Flora	0.52%	0.69%	0.86%	1.40%	1.49%
Goodman	N/A	N/A	N/A	N/A	N/A
Jackson	0.55%	1.09%	1.39%	1.50%	2.26%
Madison	0.64%	0.85%	0.96%	1.08%	1.58%
Pickens	0.47%	0.63%	1.39%	1.40%	1.44%
Ridgeland	0.58%	0.77%	0.92%	1.62%	1.62%
Sharon	0.58%	0.63%	0.77%	1.39%	1.44%
Tougaloo	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Madison County, Mississippi

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 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 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 $2,258, with tax bills ranging significantly across the county. Madison has the highest median home price at $222,580.

Property Tax Assessment Values Across Madison County, Mississippi

Source: Ownwell

$32,770

$127,708

$222,645

Median Madison County Market Value

$167,330

Median Mississippi Market Value

$68,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Madison County, Mississippi

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Bolton	$24,283	$33,762	$35,940	$44,768	$60,419
Camden	$16,200	$26,810	$43,430	$71,990	$118,336
Canton	$17,065	$33,755	$67,605	$164,015	$228,752
Carthage	$17,958	$32,555	$42,910	$98,750	$179,276
Flora	$26,742	$41,572	$79,480	$181,190	$335,232
Goodman	N/A	N/A	N/A	N/A	N/A
Jackson	$16,548	$31,330	$76,860	$119,080	$194,218
Madison	$112,354	$156,455	$222,580	$324,710	$434,846
Pickens	$16,254	$30,142	$48,080	$87,870	$164,417
Ridgeland	$76,520	$103,260	$151,920	$262,250	$447,590
Sharon	$22,130	$43,670	$58,980	$83,320	$97,090
Tougaloo	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Madison County, Mississippi

In Madison County, Mississippi, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The tax rate is applied to this assessed value to determine the final tax bill. Various factors, such as changes in property value and local government budgets, can influence the tax rate and subsequently affect the tax bill. Homeowners in Madison County experience a range of tax bills. For example, the 25th percentile tax bill is $939, while the 75th percentile tax bill can reach up to $2,795. The highest median tax bill in the county is found in Madison city at $2,258, while the lowest is in Bolton at $287. Compared to the national median property tax bill of $2,400, Madison County's tax bills can be relatively moderate, though they vary significantly across different areas. Understanding these variations is crucial for homeowners to anticipate their property tax obligations and budget accordingly.

Property Tax Bills Across Madison County, Mississippi

Source: Ownwell

$287

$1,273

$2,258

Median Madison County Tax Bill

$1,681

Median Mississippi Tax Bill

$854

Median United States Tax Bill

$2,400

Property Tax Bills Across Madison County, Mississippi

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Bolton	$190	$224	$287	$337	$523
Camden	$135	$257	$468	$802	$1,478
Canton	$263	$498	$1,001	$1,684	$2,537
Carthage	$170	$278	$599	$1,176	$1,497
Flora	$199	$412	$815	$1,716	$3,109
Goodman	N/A	N/A	N/A	N/A	N/A
Jackson	$231	$394	$845	$1,532	$2,148
Madison	$897	$1,447	$2,258	$3,355	$4,749
Pickens	$113	$250	$459	$869	$1,579
Ridgeland	$611	$1,001	$1,592	$2,701	$4,687
Sharon	$262	$312	$519	$738	$1,215
Tougaloo	N/A	N/A	N/A	N/A	N/A

Source: Ownwell