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County tax profile · 2026 · Census ACS + IRS data

Property Tax & Income in Madison County, Florida

Madison County has an effective property tax rate of 0.83%. On the median home value of $116,200, that's roughly $965 per year. Median household income is $48,485.

Effective Property Tax Rate1
0.83%
median tax $965 ÷ median home $116,200
Median Home Value1
$116,200
owner-occupied
Median Household Income1
$48,485
per-capita $23,452
Est. Annual Tax on Median Home1
$965
at 0.83% effective rate

What you'll pay, at a glance

Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.

MetricMadison CountyFlorida (state context)
Effective property tax rate10.83%0.72%
Median home value1$116,200—
State income tax3No state income taxNo state income tax
State sales tax36.98% combined6.98% combined

How this is calculated

The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.

About Madison County, FL

Madison County’s effective property tax rate of 0.830% runs higher than both benchmarks that matter most: Florida’s statewide median of 0.720% and the national median of 0.794%. That gap places the county ninth among Florida’s 67 counties for property tax rate, a ranking that signals above-average reliance on property taxes relative to peers across the state. On a median home value of $116,200, the annual real-estate tax bill comes to roughly $965. Households earning the median income of $48,485 would devote about 2% of that to property taxes, while per-capita income sits at $23,452. Communities such as Madison, along with Lee and Pinetta, fall under this countywide rate. Buyers comparing Madison County against other Florida markets should expect to pay somewhat more per dollar of home value than the state norm.

Frequently asked questions

What is the property tax rate in Madison County, FL?
The effective rate is 0.83% — meaning the median tax bill equals about 0.83% of the median home value.
How much are property taxes on a median home?
On the median home ($116,200), the estimated annual bill is about $965.
Is Madison County's rate high or low?
Compare it to the state median of 0.72% and the national average near 1.1%.
How does the effective rate differ from my mill rate?
A mill rate is the nominal levy per $1,000 of assessed value. The effective rate reflects what you actually pay after exemptions and assessments — it's the median tax bill as a share of median home value, so it better predicts your real cost.
Will a reassessment raise my tax bill?
Not necessarily. If your home's assessed value rises, your bill can go up, but only if the mill rate and exemptions stay flat. Contact the Madison County assessor's office to review your current assessment.
Can I appeal my property tax assessment?
Yes. Most counties allow an appeal when you believe the assessed value exceeds the market value. File with the Madison County assessor within the local deadline, typically with comparable sales as evidence.
Sources
[1] U.S. Census Bureau — ACS 5-Year (2023) — Median home value (B25077), median real-estate taxes (B25103), median household income (B19013), per-capita income (B19301).
[2] IRS — Statistics of Income — County income, AGI, and real-estate taxes paid.
[3] Tax Foundation — State income, sales, corporate, and estate/inheritance tax rates.