Madison County, Ohio Property Taxes
Median Madison County effective property tax rate: 1.59%, significantly higher than the national median of 1.02%. Median Madison County home value: $142,200. Median annual Madison County tax bill: $2,428, $28 higher 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 London or another part of Madison County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Madison County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.59%
Estimate Property Tax Bill
$2,261
$2,098
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, Ohio
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 Ohio or the U.S. median property tax rate. Madison County has a median property tax rate of 1.59%, which is well above the national median of 1.02%. Within the county, West Jefferson boasts the highest median tax rate at 2.15%, while Orient enjoys the lowest at 1.37%. These variations highlight the importance of understanding local property tax dynamics when considering property investments or relocations.
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
1.59%
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 Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Madison County, Ohio
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Galloway | 1.68% | 1.93% | 2.12% | 2.18% | 2.20% |
| Hilliard | 1.72% | 1.81% | 1.82% | 1.84% | 1.92% |
| Irwin | 1.40% | 1.44% | 1.57% | 1.58% | 1.62% |
| London | 1.27% | 1.40% | 1.50% | 1.62% | 1.83% |
| Mechanicsburg | 1.49% | 1.58% | 1.68% | 1.72% | 1.75% |
| Mount Sterling | 1.30% | 1.38% | 1.49% | 1.54% | 1.56% |
| Orient | 1.19% | 1.27% | 1.37% | 1.53% | 1.59% |
| Plain City | 1.54% | 1.61% | 1.82% | 1.90% | 2.07% |
| Sedalia | 1.19% | 1.45% | 1.49% | 1.51% | 1.55% |
| South Solon | 1.12% | 1.26% | 1.41% | 1.47% | 1.52% |
| South Vienna | 1.39% | 1.44% | 1.62% | 1.63% | 1.65% |
| West Jefferson | 1.66% | 1.91% | 2.15% | 2.18% | 2.23% |
| Grove City | N/A | N/A | N/A | N/A | N/A |
| South Charleston | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Madison County, Ohio
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 Auditor 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 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 $2,400, with tax bills ranging significantly across the county. Hilliard has the highest median home price at $252,805.
Median Madison County Market Value
$142,200
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Madison County, Ohio
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Galloway | $3,958 | $28,000 | $169,380 | $455,870 | $599,262 |
| Hilliard | $150,277 | $221,222 | $252,805 | $459,452 | $508,216 |
| Irwin | $74,496 | $120,150 | $175,910 | $227,560 | $281,674 |
| London | $40,736 | $92,438 | $141,745 | $215,085 | $300,776 |
| Mechanicsburg | $111,646 | $151,565 | $236,110 | $357,675 | $389,867 |
| Mount Sterling | $33,736 | $78,440 | $113,580 | $168,620 | $232,364 |
| Orient | $130,088 | $179,540 | $214,480 | $245,080 | $321,656 |
| Plain City | $10,000 | $98,578 | $213,370 | $301,995 | $366,910 |
| Sedalia | $16,094 | $43,045 | $80,495 | $103,298 | $124,853 |
| South Solon | $26,312 | $54,555 | $78,580 | $130,935 | $198,370 |
| South Vienna | $112,198 | $126,265 | $155,470 | $200,100 | $240,616 |
| West Jefferson | $34,214 | $93,670 | $135,550 | $181,840 | $278,272 |
| Grove City | N/A | N/A | N/A | N/A | N/A |
| South Charleston | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Madison County, Ohio
In Madison County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the market value of the property. The property tax rate is then applied to this assessed value to determine the tax bill. Several factors influence this calculation, including the location, size, and condition of the property. For instance, in Madison County, the median home price is $142,200. The property tax bill can vary significantly, with the 25th percentile at $1,395 and the 75th percentile reaching $3,868. Homeowners in Hilliard face the highest median tax bill of $4,629, while those in South Solon enjoy the lowest at $1,109. Compared to the national median property tax bill of $2,400, Madison County exhibits a wide range of tax burdens. These differences can impact homeowners by affecting their overall cost of living and the affordability of maintaining their homes.
Median Madison County Tax Bill
$2,428
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Madison County, Ohio
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Galloway | $62 | $497 | $3,701 | $9,861 | $12,817 |
| Hilliard | $2,740 | $3,772 | $4,629 | $8,299 | $9,242 |
| Irwin | $1,022 | $1,899 | $2,709 | $3,434 | $4,106 |
| London | $618 | $1,331 | $2,098 | $3,406 | $4,841 |
| Mechanicsburg | $1,418 | $2,215 | $4,051 | $5,396 | $6,931 |
| Mount Sterling | $587 | $1,132 | $1,694 | $2,509 | $3,550 |
| Orient | $1,838 | $2,447 | $2,903 | $3,509 | $4,584 |
| Plain City | $219 | $2,147 | $4,128 | $5,275 | $6,291 |
| Sedalia | $250 | $510 | $1,165 | $1,462 | $1,806 |
| South Solon | $395 | $783 | $1,109 | $1,726 | $2,587 |
| South Vienna | $1,802 | $1,914 | $2,195 | $3,085 | $3,614 |
| West Jefferson | $828 | $1,929 | $2,831 | $3,759 | $5,578 |
| Grove City | N/A | N/A | N/A | N/A | N/A |
| South Charleston | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell