Madison, Madison County, Florida Property Taxes
Property Taxes in Madison, Florida
Median Madison, Florida effective property tax rate: 1.08%, significantly higher than the national median of 1.02%, and lower than the Florida state median of 1.10%.
Median Madison, Florida home value: $107,938
Median annual Madison, Florida tax bill: $1,081, lower by $1,319 than the national median property tax bill of $2,400.
How are property taxes in Madison calculated?
Property taxes in Madison, 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 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 April 13, 2026
Madison, Madison County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.08%
Estimate Property Tax Bill
$1,166
$1,082
How Does the Madison Property Tax Calculator Work?
Use this Madison property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Madison's median effective tax rate of 1.08% — 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 Madison'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 Madison: rates range from 1.08% in 32340 to 1.08% in 32340, primarily due to differences in school district levies and local assessment districts. Madison’s median property tax rate is higher than Florida’s 1.10% state median tax rate, while the median property tax bill of $1,081 is lower than the state median by $1,319.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Madison.
About Madison Property Taxes
About Property Taxes in Madison, Madison, Florida
Madison’s median effective property tax rate of 1.08% is higher than the Florida state median of 1.10% and higher 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 Madison. Homeowners in the 32340 ZIP code carry a median effective rate of 1.08%, while those in the lowest ZIP also pay 1.08%. This reflects how school district boundaries and local assessment districts are drawn across Madison County. Understanding where you live in Madison can make a meaningful difference to your annual tax bill.
Madison 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 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 Madison, 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 Madison'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 Madison Tax Rate
1.08%
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 Madison, Madison County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32340 | 0.50% | 0.67% | 1.08% | 1.75% | 2.15% |
Source: Ownwell
Property Tax Assessment Values Across Madison, Madison County, Florida
When examining property taxes in Madison, 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 the month when notices are sent.
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. For example, the median home price in Madison is $107,938, with tax bills ranging significantly across the county. 32340 has the highest median home price at $107,938.
Property Tax Assessment Values Across Madison, Madison County, Florida
Source: Ownwell
$90,679
$113,362
$136,044
Median Madison Market Value
$107,938
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 Madison, Madison County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32340 | $37,787 | $65,056 | $107,938 | $185,218 | $282,756 |
Source: Ownwell
Property Tax Bills Across Madison, Madison County, Florida
Property tax bills in Madison are based on the assessed value of a home and the local tax rate set by taxing authorities. When a home’s market value changes, the assessed value can change too, which affects the final bill homeowners receive.
For Madison homeowners, the median home price is $107,938, and the median property tax bill is $1,081, which is below the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Bills can vary widely depending on the home’s value, location, and any exemptions that may apply.
Homeowners in the area may see tax bills as low as $663 at the 25th percentile and as high as $2,914 at the 90th percentile. That spread shows how much property taxes can differ from one household to another, even within the same city.
Median Madison Tax Bill
$1,081
Median Madison County Tax Bill
$1,076
Median Florida Tax Bill
$3,263
Median United States Tax Bill
$2,400
Property Tax Bills Across Madison, Madison County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32340 | $445 | $663 | $1,081 | $1,793 | $2,915 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Appeal Deadline | September 18 |
Links | |
|---|---|
| Madison Property Appraiser | |
| Website | qpublic.schneidercorp.com |