Madison, Rockingham County, North Carolina Property Taxes
Median Madison, NC effective property tax rate: 0.81%, significantly lower than the national median of 1.02%, but slightly lower than the North Carolina state median of 0.82%.
Median Madison, NC home value: $82,978
Median annual Madison, NC tax bill: $753, $1,647 lower than the national median property tax bill of $2,400.
How are property taxes in Rockingham calculated?
Property taxes in Madison, 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 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 March 1, 2025
Madison, Rockingham County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.66%
Estimate Property Tax Bill
$983
$913
Property Tax Rates Across Madison, Rockingham County, North Carolina
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
0.66%
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 Rockingham County Tax Rate
0.66%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Madison, Rockingham County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27025 | 0.64% | 0.66% | 0.66% | 0.73% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Madison, Rockingham County, North Carolina
When examining property taxes in Madison, 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 Rockingham 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 Rockingham 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 Madison. For example, the median home price in Madison is $82,978, with tax bills ranging significantly across the county. Zip code 27025 has the highest median home price at $82,978.
Property Tax Assessment Values Across Madison, Rockingham County, North Carolina
Source: Ownwell
$7,968
$113,248
$218,528
Median Madison Market Value
$149,002
Median Rockingham County Market Value
$136,150
Median North Carolina Market Value
$221,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Madison, Rockingham County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27025 | $13,663 | $60,422 | $149,002 | $241,643 | $358,523 |
Source: Ownwell
Property Tax Bills Across Madison, Rockingham County, North Carolina
In Madison, Rockingham County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county tax assessor. The tax rate is applied to this assessed value to calculate the annual tax bill. For Madison homeowners, the median property tax bill is $753, significantly lower than the national median of $2,400. Factors influencing the tax bill include the property's assessed value and the local tax rate. With tax bills ranging from $301 at the 25th percentile to $1,894 at the 90th percentile, homeowners in Madison can experience varying impacts on their finances.
Ownwell assists homeowners by providing property tax appeal services. By analyzing the assessed value of a property, Ownwell identifies opportunities for reducing tax liabilities. This ensures homeowners aren't overpaying and can save money. With expertise in local property tax regulations, Ownwell guides homeowners through the appeal process, maximizing potential savings and providing peace of mind.
Median Madison Tax Bill
$1,101
Median Rockingham County Tax Bill
$1,030
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$2,400
Property Tax Bills Across Madison, Rockingham County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27025 | $104 | $392 | $1,101 | $1,844 | $2,770 |
Source: Ownwell