Alexander, Madison County, North Carolina Property Taxes
Property Taxes in Alexander, North Carolina
Median Alexander, North Carolina effective property tax rate: 0.40%, significantly lower than the national median of 1.02%, and lower than the North Carolina state median of 0.81%.
Median Alexander, North Carolina home value: $475,656
Median annual Alexander, North Carolina tax bill: $1,829, lower than the national median property tax bill of $2,400.
How are property taxes in Madison calculated?
Property taxes in Alexander, North Carolina 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 April 13, 2026
Alexander, Madison County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.4%
Estimate Property Tax Bill
$1,903
$1,766
How Does the Alexander Property Tax Calculator Work?
Use this Alexander property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Alexander's median effective tax rate of 0.40% — 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 Alexander'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 Alexander: rates range from 0.40% in 28701 to 0.40% in 28701, 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 Alexander.
About Alexander Property Taxes
About Property Taxes in Alexander, Madison, North Carolina
Alexander’s median effective property tax rate of 0.40% is lower than the North Carolina state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Madison County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Alexander. Homeowners in the 28701 ZIP code carry a median effective rate of 0.40%, while those in the same ZIP also pay 0.40%. This reflects how school district boundaries and local assessment districts are drawn across Madison County. Understanding where you live in Alexander can still help you better estimate your annual tax bill.
Alexander homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the November 22, 2024 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 Alexander, Madison County, North Carolina
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 Alexander's effective property tax rate to other cities in North Carolina and the median property tax rates in North Carolina 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 Alexander Tax Rate
0.40%
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
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, North Carolina, 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.
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.
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 $475,656, with tax bills ranging significantly across the county. 28701 has the highest median home price at $475,656.
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
Property tax bills in Alexander are based on the assessed value of a home and the local tax rate set by Madison County and other taxing authorities. When a property’s market value rises, the assessed value can increase too, which may lead to a higher tax bill. Homeowners in Alexander should expect their bill to reflect both the value of their property and the tax rates applied to it.
With a median home price of $475,656, the typical tax burden can be meaningful for local homeowners. The 25th percentile tax bill is $1,401, while the 75th percentile is $2,075 and the 90th percentile reaches $2,403. The median tax bill in the area is $1,829, which helps show how property taxes can vary from one home to another.
For homeowners, this means property taxes can affect monthly budgeting, long-term housing costs, and overall affordability.
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
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | November 22 |
Links | |
|---|---|
| Madison Tax Assessor | |
| Website | lrcpwa.ncptscloud.com |