Alexander, Madison County, North Carolina Property Taxes

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

Median Alexander, NC effective property tax rate: 0.56%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Alexander, NC home value: $277,603
Median annual Alexander, NC tax bill: $1,487, $913 lower than the national median property tax bill of $2,400.

How are property taxes in Madison calculated?

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

Last Updated March 1, 2025

Alexander, Madison County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.4%

Estimate Property Tax Bill

$1,903

$1,766

Ownwell’s Alexander Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Alexander with just two data points.

By entering your property's estimated assessed value, our calculator applies Alexander’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 Madison County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Alexander, Madison County, North Carolina

Local government entities determine tax rates, and these can vary significantly within a state due to differing budgetary needs. Each year, counties like Madison in North Carolina calculate their required budget to fund essential services and divide this by the total value of taxable property. This process establishes the property tax rate. Although votes and laws play a role in determining these rates and budgets, this is the fundamental process followed annually.

In Alexander, located in Madison County, the effective property tax rate is a reflection of this process. When comparing Alexander’s rate to other cities in North Carolina, it's interesting to note that the median property tax rate in the state is 0.56%, which is lower than the national median property tax rate of 1.02%. The property tax bill in Alexander may also be lower compared to the national median bill of $2,400. Understanding these local tax rates can help property owners make informed decisions about property investments and financial planning.

Property Tax Rates Across Alexander, Madison County, North Carolina

Source: Ownwell

0.40%

0.47%

0.54%

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 Alexander Tax Rate

0.40%

Median Effective Madison County Tax Rate

0.49%

Median Effective North Carolina Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Alexander, Madison County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28701	0.33%	0.39%	0.40%	0.41%	0.49%

Source: Ownwell

Property Tax Assessment Values Across Alexander, Madison County, North Carolina

When examining property taxes in Alexander, NC, 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 appraisal district 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 Madison 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 Alexander. For example, the median home price in Alexander is $277,603, with tax bills ranging significantly across the county. The zip code 28701 has the highest median home price at $277,603.

Property Tax Assessment Values Across Alexander, Madison County, North Carolina

Source: Ownwell

$223,230

$358,935

$494,639

Median Alexander Market Value

$475,656

Median Madison County Market Value

$306,765

Median North Carolina Market Value

$221,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Alexander, Madison County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28701	$137,691	$355,844	$475,656	$557,913	$651,556

Source: Ownwell

Property Tax Bills Across Alexander, Madison County, North Carolina

In Alexander, Madison County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county's tax assessor. The median home price in this area is $277,603. Tax bills can vary significantly, with the 25th percentile at $1,141 and the 90th percentile reaching $1,966. The highest and lowest median tax bills in the county are both $1,487, indicating a relatively consistent tax rate across different areas. Compared to the national median property tax bill of $2,400, Alexander's tax bills tend to be lower, providing some financial relief to homeowners. However, property tax bills can still be a significant expense for homeowners. Factors such as changes in home value or local tax rates can impact the amount owed. Ownwell assists homeowners by identifying opportunities for tax appeals and exemptions, potentially lowering their property tax bills. By leveraging expert knowledge and resources, Ownwell can help homeowners in Alexander navigate the complexities of property tax assessments and save money.

Property Tax Bills Across Alexander, Madison County, North Carolina

Source: Ownwell

$1,001

$1,672

$2,343

Median Alexander Tax Bill

$1,829

Median Madison County Tax Bill

$1,391

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across Alexander, Madison County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28701	$664	$1,401	$1,829	$2,075	$2,403

Source: Ownwell