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County tax profile · 2026 · Census ACS + IRS data

Property Tax & Income in Madison County, North Carolina

Madison County has an effective property tax rate of 0.48%. On the median home value of $284,600, that's roughly $1,362 per year. Median household income is $58,531.

Effective Property Tax Rate1
0.48%
median tax $1,362 ÷ median home $284,600
Median Home Value1
$284,600
owner-occupied
Median Household Income1
$58,531
per-capita $35,126
Est. Annual Tax on Median Home1
$1,362
at 0.48% 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 CountyNorth Carolina (state context)
Effective property tax rate10.48%0.64%
Median home value1$284,600—
State income tax3top rate 3.99%top rate 3.99%
State sales tax37.10% combined7.10% 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, NC

Madison County’s effective property tax rate of 0.479% sits well below North Carolina’s statewide median of 0.644% and the national median of 0.794%. Among the state’s 100 counties, it ranks 89th, placing it near the bottom for property tax burden. That gap shows up in real dollars: with a median home value of $284,600, the median annual tax bill comes to $1,362. Households here earn a median of $58,531, and per-capita income is $35,126. Mars Hill, the county’s principal town, anchors a largely rural stretch of western North Carolina. A rate this far under both state and national medians signals that property taxes take a smaller share of local income than in most places, though the county’s lower incomes mean the effective weight of that bill depends on earnings as much as on the rate itself.

Frequently asked questions

What is the property tax rate in Madison County, NC?
The effective rate is 0.48% — meaning the median tax bill equals about 0.48% of the median home value.
How much are property taxes on a median home?
On the median home ($284,600), the estimated annual bill is about $1,362.
Is Madison County's rate high or low?
Compare it to the state median of 0.64% 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.