Madison County, Texas Property Taxes
Median Madison County effective property tax rate: 0.95%, significantly lower than the national median of 1.02%.
Median Madison County home value: $154,920
Median annual Madison County tax bill: $1,166, $1,234 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 Madisonville or another part of Madison County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Madison County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.95%
Estimate Property Tax Bill
$1,472
$1,366
Property Tax Rates Across Madison County, Texas
Local government entities are responsible for setting property tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates its budgetary needs to provide essential services and divides this figure by the total assessed value of all taxable properties within its jurisdiction. The result of this calculation is the property tax rate. Although the process involves votes and laws to set rates and budgets, this is the essence of how it works each year.
In Madison County, Texas, the effective property tax rate is 0.95%, slightly below the national median property tax rate of 1.02%. This positions Madison County as a relatively affordable area for property taxes compared to the national average. Within Texas, Madison County's rate is also notably lower than the highest median tax rate in the state, which is 1.13% in Madisonville. Conversely, Normangee boasts the lowest median tax rate at 0.57%. This makes Madison County a competitive option for property owners seeking lower property tax liabilities.
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
0.95%
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 Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Madison County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bedias | 0.32% | 0.49% | 1.00% | 1.09% | 1.18% |
| Iola | N/A | N/A | N/A | N/A | N/A |
| Madisonville | 0.29% | 0.62% | 1.13% | 1.97% | 2.26% |
| Midway | 0.13% | 0.34% | 0.71% | 1.41% | 1.56% |
| Normangee | 0.12% | 0.33% | 0.57% | 1.15% | 1.79% |
| North Zulch | 0.15% | 0.36% | 0.72% | 1.24% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Madison County, Texas
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 Appraisal District 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 $1,373, with tax bills ranging significantly across the county. Normangee has the highest median home price at $258,760.
Median Madison County Market Value
$154,920
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Madison County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bedias | $97,560 | $124,218 | $145,105 | $172,532 | $212,406 |
| Iola | N/A | N/A | N/A | N/A | N/A |
| Madisonville | $13,742 | $52,330 | $138,820 | $261,345 | $475,496 |
| Midway | $20,358 | $53,995 | $159,660 | $390,680 | $745,940 |
| Normangee | $33,990 | $106,800 | $258,760 | $508,880 | $891,506 |
| North Zulch | $22,630 | $62,825 | $174,720 | $347,975 | $642,300 |
Source: Ownwell
Property Tax Bills Across Madison County, Texas
Median Madison County Tax Bill
$1,166
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Madison County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bedias | $481 | $808 | $1,225 | $1,527 | $1,890 |
| Iola | N/A | N/A | N/A | N/A | N/A |
| Madisonville | $168 | $445 | $1,242 | $2,633 | $4,443 |
| Midway | $156 | $338 | $961 | $2,169 | $4,024 |
| Normangee | $199 | $530 | $1,373 | $2,886 | $5,260 |
| North Zulch | $119 | $338 | $1,018 | $2,440 | $4,304 |
Source: Ownwell