Lee, Madison County, Florida Property Taxes
Property Taxes in Lee, Florida
Median Lee, Florida effective property tax rate: 0.97%, significantly lower than the national median of 1.02%, and lower than the Florida state median of 1.10%.
Median Lee, Florida home value: $122,976
Median annual Lee, Florida tax bill: $1,112, $1,288 lower than the national median property tax bill of $2,400.
How are property taxes in Madison calculated?
Property taxes in Lee, Florida 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 Lee's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lee, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Lee, Madison County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.97%
Estimate Property Tax Bill
$1,193
$1,107
How Does the Lee Property Tax Calculator Work?
Use this Lee property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Lee's median effective tax rate of 0.97% — based on actual property records in Madison County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Lee's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Lee: rates range from 1112.00 in 32059 to 1112.00 in 32059, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Lee.
About Lee Property Taxes
About Property Taxes in Lee, Madison, Florida
Lee’s median effective property tax rate of 0.97% is lower than the Florida state median of 1.10% and lower than the national median of 1.02%. This rate reflects the Madison County base levy combined with local school district levies and Municipal Service Benefit Units (MSBUs) that vary by subdivision throughout the city.
Property tax rates are not uniform across Lee. Homeowners in ZIP code 32059 carry a median effective rate of 0.97%, while those in 32059 pay 0.97%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Madison County. Understanding which part of Lee you live in can make a meaningful difference to your annual tax bill.
Lee homeowners who believe their assessed value is too high can file a formal appeal with the local Property Appraiser before the September 18, 2025 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Lee, Madison County, Florida
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because 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.
Below, you can compare Lee's effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S.
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 Lee Tax Rate
0.97%
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
1.05%
Median Effective Florida Tax Rate
1.10%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lee, Madison County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32059 | 0.56% | 0.70% | 0.97% | 1.60% | 2.11% |
Source: Ownwell
Property Tax Assessment Values Across Lee, Madison County, Florida
When examining property taxes in Lee, Florida, 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 property appraiser 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 March.
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 Lee.
For example, the median home price in Lee is $122,976, with tax bills ranging significantly across the county. Zip code 32059 has the highest median home price at $122,976.
Property Tax Assessment Values Across Lee, Madison County, Florida
Source: Ownwell
$90,679
$113,362
$136,044
Median Lee Market Value
$122,976
Median Madison County Market Value
$110,169
Median Florida Market Value
$310,033
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lee, Madison County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32059 | $45,232 | $75,916 | $122,976 | $189,395 | $268,128 |
Source: Ownwell
Property Tax Bills Across Lee, Madison County, Florida
Property tax bills in Lee are based on the assessed value of a home, not the purchase price alone. Local taxing authorities apply their tax rates to that assessed value to determine the final bill, so both the home’s market value and any exemptions can affect what a homeowner pays. For a home with a median price of $122,976, the tax bill can vary widely depending on how the property is assessed and which local rates apply.
In Lee, the property tax bill is $1,112 in zip code 32059, which is below the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Bills at the 25th percentile are $788, while the 75th percentile reaches $1,910 and the 90th percentile climbs to $2,817. That range shows how property taxes can affect homeowners differently, even within the same area, making the assessment process a major factor in annual housing costs.
Median Lee Tax Bill
$1,112
Median Madison County Tax Bill
$1,076
Median Florida Tax Bill
$3,263
Median United States Tax Bill
$2,400
Property Tax Bills Across Lee, Madison County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32059 | $456 | $788 | $1,112 | $1,910 | $2,817 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Appeal Deadline | September 18 |
Links | |
|---|---|
| Madison Property Appraiser | |
| Website | qpublic.schneidercorp.com |