Madison County, Tennessee Property Taxes

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

Median Madison County effective property tax rate: 0.87%, significantly lower than the national median of 1.02%.
Median Madison County home value: $135,000
Median annual Madison County tax bill: $848, $1,552 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 Jackson or another part of Madison County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Madison County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.87%

Estimate Property Tax Bill

$1,175

$1,090

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, Tennessee

Local government entities set tax rates, which can vary widely within Tennessee. Annually, Madison 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 Tennessee or the U.S. median property tax rate.

Property Tax Rates Across Madison County, Tennessee

Source: Ownwell

0.47%

0.67%

0.87%

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

0.87%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Madison County, Tennessee

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Beech Bluff	0.47%	0.47%	0.47%	0.47%	0.47%
Bells	0.47%	0.47%	0.47%	0.47%	0.47%
Denmark	0.47%	0.47%	0.47%	0.47%	0.47%
Humboldt	0.47%	0.57%	0.57%	0.57%	0.57%
Jackson	0.47%	0.47%	0.87%	0.87%	0.87%
Lexington	0.47%	0.47%	0.47%	0.47%	0.47%
Medina	0.47%	0.47%	0.47%	0.47%	0.47%
Medon	0.47%	0.47%	0.47%	0.47%	0.47%
Mercer	0.47%	0.47%	0.47%	0.47%	0.47%
Oakfield	0.47%	0.47%	0.47%	0.47%	0.47%
Pinson	0.47%	0.47%	0.47%	0.47%	0.47%
Spring Creek	0.47%	0.47%	0.47%	0.47%	0.47%
Lavinia	N/A	N/A	N/A	N/A	N/A
Marietta	N/A	N/A	N/A	N/A	N/A
Three Way	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Madison County, Tennessee

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. Assessment notices: Assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 $1,108, with tax bills ranging significantly across the county. Humboldt has the highest median home price at $196,800.

Property Tax Assessment Values Across Madison County, Tennessee

Source: Ownwell

$43,800

$120,300

$196,800

Median Madison County Market Value

$135,000

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Madison County, Tennessee

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Beech Bluff	$12,990	$31,125	$97,550	$170,550	$238,960
Bells	$20,480	$62,800	$164,400	$191,200	$247,460
Denmark	$7,520	$13,800	$43,800	$110,400	$173,100
Humboldt	$36,770	$145,575	$196,800	$256,925	$351,580
Jackson	$21,500	$62,000	$139,800	$216,000	$324,100
Lexington	$20,750	$43,550	$141,950	$245,925	$304,150
Medina	$26,030	$52,650	$136,550	$225,350	$307,770
Medon	$11,960	$29,700	$97,600	$183,900	$302,200
Mercer	$4,500	$12,300	$48,350	$116,050	$169,060
Oakfield	$37,970	$110,975	$139,100	$162,600	$192,930
Pinson	$12,000	$26,800	$86,300	$140,200	$201,160
Spring Creek	$43,220	$67,200	$122,650	$156,350	$209,880
Lavinia	N/A	N/A	N/A	N/A	N/A
Marietta	N/A	N/A	N/A	N/A	N/A
Three Way	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Madison County, Tennessee

In Madison County, Tennessee, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Madison County is $135,000. Homeowners can expect a property tax bill that varies significantly depending on the assessed value and applicable tax rate. The tax bill at the 25th percentile is $396, while at the 75th percentile, it rises to $1,559. For those at the 90th percentile, the tax bill can reach $2,453, slightly above the national median property tax bill of $2,400. In Humboldt, homeowners face the highest median tax bill in the county at $1,108, whereas Denmark offers some relief with the lowest median tax bill at $205. These figures highlight the variability in property taxes within the county, influenced by both location and home value. Homeowners must consider these factors when budgeting for annual property taxes, as they can significantly impact household finances.

Property Tax Bills Across Madison County, Tennessee

Source: Ownwell

$205

$835

$1,464

Median Madison County Tax Bill

$848

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Madison County, Tennessee

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Beech Bluff	$61	$144	$451	$795	$1,118
Bells	$96	$306	$770	$896	$1,159
Denmark	$35	$65	$205	$512	$808
Humboldt	$224	$792	$1,108	$1,469	$2,057
Jackson	$123	$461	$963	$1,686	$2,608
Lexington	$97	$204	$665	$1,152	$1,424
Medina	$118	$242	$640	$1,056	$1,441
Medon	$56	$140	$454	$861	$1,417
Mercer	$21	$58	$226	$530	$792
Oakfield	$178	$518	$650	$760	$900
Pinson	$56	$125	$393	$651	$948
Spring Creek	$202	$315	$574	$733	$983
Lavinia	N/A	N/A	N/A	N/A	N/A
Marietta	N/A	N/A	N/A	N/A	N/A
Three Way	N/A	N/A	N/A	N/A	N/A

Source: Ownwell