Madisonville, Madison County, Texas Property Taxes
Median MADISONVILLE, TX effective property tax rate: 1.13%, slightly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median MADISONVILLE, TX home value: $138,820
Median annual MADISONVILLE, TX tax bill: $1,242, $1,158 lower than the national median property tax bill of $2,400.
How are property taxes in Madison calculated?
Property taxes in MADISONVILLE, TX 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 MADISONVILLE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in MADISONVILLE, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Madisonville, Madison County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.13%
Estimate Property Tax Bill
$1,569
$1,456
Property Tax Rates Across Madisonville, Madison County, Texas
Local government entities set tax rates, which can vary widely within a state. 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.
In Madisonville, located in Madison County, Texas, the effective property tax rate stands at 1.13%. This rate is notably higher than the national median property tax rate of 1.02%. When compared to other cities within Texas, Madisonville's rate is consistent with the state's median, highlighting a stable tax environment. However, the property tax bill here may still be higher than the national median of $2,400, given the higher rate. Understanding these differences can help property owners in Madisonville make informed decisions when it comes to property tax appeals and exemptions.
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 Madisonville Tax Rate
1.13%
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%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Madisonville, Madison County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77864 | 0.29% | 0.62% | 1.13% | 1.97% | 2.26% |
Source: Ownwell
Property Tax Assessment Values Across Madisonville, Madison County, Texas
When examining property taxes in Madisonville, TX, 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.
In Madison County, 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 Madisonville. For example, the median home price in Madisonville is $138,820, with tax bills ranging significantly across the county. Zip code 77864 has the highest median home price at $138,820.
Property Tax Assessment Values Across Madisonville, Madison County, Texas
Source: Ownwell
$138,820
$198,790
$258,760
Median Madisonville Market Value
$138,820
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 Madisonville, Madison County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77864 | $13,742 | $52,330 | $138,820 | $261,345 | $475,496 |
Source: Ownwell
Property Tax Bills Across Madisonville, Madison County, Texas
Property tax bills in Madisonville, Texas, are calculated based on the assessed value of a property, which is determined by the local appraisal district. The tax rate is then applied to this assessed value to calculate the annual tax bill. Factors such as property location, size, and improvements can influence the assessed value. In Madison County, the median property tax bill is significantly lower than the national median, with figures around $1,242, compared to the national median of $2,400. However, homeowners in Madisonville still face the challenge of ensuring their property is fairly assessed to avoid overpaying taxes.
Ownwell assists homeowners by offering property tax appeal services, ensuring that the assessed values reflect true market conditions. By analyzing local property data and leveraging expertise in property tax laws, Ownwell can help reduce tax liabilities. This service is crucial for homeowners seeking to minimize their financial burden and ensure their property taxes align with the actual value of their homes.
Median Madisonville Tax Bill
$1,242
Median Madison County Tax Bill
$1,166
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Madisonville, Madison County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77864 | $168 | $445 | $1,242 | $2,633 | $4,443 |
Source: Ownwell