Madison, Dane County, Wisconsin Property Taxes

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

Median Madison, WI effective property tax rate: 3.76%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median Madison, WI home value: $305,300
Median annual Madison, WI tax bill: $11,429, $9,029 higher than the national median property tax bill of $2,400.

How are property taxes in Dane County calculated?

Property taxes in Madison, WI 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 Madison’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Madison, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Madison, Dane County, Wisconsin Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.76%

Estimate Property Tax Bill

$11,479

$10,652

Ownwell’s Madison Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Madison with just two data points. By entering your property's estimated assessed value, our calculator applies Madison’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 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 Dane County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Madison, Dane County, Wisconsin

Local government entities set tax rates, which can vary widely within a state. The annual process involves each county estimating its required budget to provide services and dividing 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’s effective property tax rate to other cities in Wisconsin and the median property tax rates in Wisconsin and the U.S. Madison, located in Dane County, has a median property tax rate of 3.76%, significantly higher than the national median of 1.02%. Within the area, the highest median property tax rate is 3.89% in the 53715 zip code, while the lowest is 3.71% in the 53704 zip code. The elevated rates in Madison reflect the city's need to fund local services and infrastructure, which can impact homeowners' annual tax bills. By understanding these rates, property owners can better plan for their financial obligations and explore potential savings through tax appeals or exemptions.

Property Tax Rates Across Madison, Dane County, Wisconsin

Source: Ownwell

1.29%

2.59%

3.89%

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 Tax Rate

3.76%

Median Effective Dane County Tax Rate

2.02%

Median Effective Wisconsin Tax Rate

1.58%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Madison, Dane County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
53703	2.83%	3.12%	3.82%	3.92%	3.94%
53704	1.93%	3.59%	3.71%	3.83%	3.91%
53705	1.97%	3.72%	3.79%	3.85%	3.92%
53711	3.60%	3.72%	3.78%	3.87%	3.93%
53713	1.65%	1.84%	3.71%	3.83%	3.92%
53714	3.60%	3.67%	3.71%	3.79%	3.91%
53715	3.72%	3.77%	3.89%	3.92%	3.95%
53716	3.67%	3.69%	3.72%	3.80%	3.96%
53717	3.65%	3.70%	3.78%	3.83%	3.91%
53718	1.65%	3.69%	3.78%	3.92%	4.00%
53719	3.28%	3.64%	3.75%	3.81%	3.91%
53726	3.81%	3.83%	3.86%	3.92%	3.94%
53558	N/A	N/A	N/A	N/A	N/A
53562	N/A	N/A	N/A	N/A	N/A
53593	N/A	N/A	N/A	N/A	N/A
53706	N/A	N/A	N/A	N/A	N/A
53707	N/A	N/A	N/A	N/A	N/A
53792	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Madison, Dane County, Wisconsin

When examining property taxes in Madison, WI, 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 Dane County assessor 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 Dane 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. For example, the median home price in Madison is $305,300, with tax bills ranging significantly across the county. Zip code 53726 has the highest median home price at $590,050.

Property Tax Assessment Values Across Madison, Dane County, Wisconsin

Source: Ownwell

$103,700

$373,450

$643,200

Median Madison Market Value

$305,300

Median Dane County Market Value

$304,700

Median Wisconsin Market Value

$200,300

Median United States Market Value

$235,294

Property Tax Assessment Values Across Madison, Dane County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
53703	$15,000	$20,000	$328,450	$468,900	$645,000
53704	$5,000	$194,800	$260,600	$326,400	$433,300
53705	$149,920	$300,000	$398,200	$508,500	$669,960
53711	$209,000	$288,500	$355,500	$458,350	$604,040
53713	$108,720	$156,950	$251,200	$327,750	$428,960
53714	$185,780	$230,000	$264,800	$297,500	$330,100
53715	$250,360	$308,950	$367,400	$453,900	$568,300
53716	$233,180	$259,400	$283,900	$317,050	$356,320
53717	$189,930	$266,350	$372,650	$483,475	$618,400
53718	$113,300	$212,300	$305,000	$350,250	$400,960
53719	$105,130	$223,400	$319,800	$381,900	$460,900
53726	$399,260	$492,300	$590,050	$723,525	$850,570
53558	N/A	N/A	N/A	N/A	N/A
53562	N/A	N/A	N/A	N/A	N/A
53593	N/A	N/A	N/A	N/A	N/A
53706	N/A	N/A	N/A	N/A	N/A
53707	N/A	N/A	N/A	N/A	N/A
53792	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Madison, Dane County, Wisconsin

In Madison, located in Dane County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Madison is $305,300, and homeowners can expect their tax bills to vary significantly. Factors such as property size, location, and improvements can influence the assessed value, which in turn impacts the tax bill. For example, the tax bill for the 25th percentile is $8,322, while it rises to $14,952 for the 75th percentile, and reaches $19,880 for the 90th percentile. The highest median tax bill in the area is $22,820, found in the 53726 zip code, while the lowest is $8,786 in the 53713 zip code. With the national median property tax rate at 1.02% and a median tax bill of $2,400, Madison's rates are notably higher. Ownwell can assist homeowners by identifying potential exemptions and appealing assessments, helping to reduce their property tax bills and ease the financial burden.

Property Tax Bills Across Madison, Dane County, Wisconsin

Source: Ownwell

$1,977

$12,399

$22,820

Median Madison Tax Bill

$11,429

Median Dane County Tax Bill

$7,324

Median Wisconsin Tax Bill

$3,346

Median United States Tax Bill

$2,400

Property Tax Bills Across Madison, Dane County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
53703	$425	$623	$12,676	$18,250	$25,335
53704	$98	$7,046	$9,738	$12,178	$15,753
53705	$5,181	$10,705	$14,568	$18,364	$22,903
53711	$6,873	$10,632	$13,389	$17,315	$22,811
53713	$2,129	$4,287	$8,786	$12,056	$15,642
53714	$5,458	$8,528	$9,971	$11,282	$12,624
53715	$9,397	$11,939	$14,299	$17,584	$22,366
53716	$8,558	$9,662	$10,680	$12,064	$13,696
53717	$6,907	$9,990	$14,078	$18,525	$23,296
53718	$3,098	$6,308	$11,275	$13,315	$15,461
53719	$3,652	$8,065	$11,878	$14,311	$17,355
53726	$15,318	$18,876	$22,820	$28,133	$33,008
53558	N/A	N/A	N/A	N/A	N/A
53562	N/A	N/A	N/A	N/A	N/A
53593	N/A	N/A	N/A	N/A	N/A
53706	N/A	N/A	N/A	N/A	N/A
53707	N/A	N/A	N/A	N/A	N/A
53792	N/A	N/A	N/A	N/A	N/A

Source: Ownwell