Madison, Stokes County, North Carolina Property Taxes

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

Median Madison, NC effective property tax rate: 0.74%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Madison, NC home value: $108,400
Median annual Madison, NC tax bill: $741, $1,659 lower than the national median property tax bill of $2,400.

How are property taxes in Stokes 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, Stokes County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.81%

Estimate Property Tax Bill

$878

$815

Ownwell’s Madison Property Tax Bill Calculator enables homeowners, real estate investors, and prospective buyers to estimate their annual property taxes in Madison with just two data points. By entering your property's estimated assessed value, our calculator uses Madison’s median effective tax rate to provide an accurate estimate of your property tax bill. Your property's assessed value, determined by your county, incorporates any exemptions you may have, ensuring a precise calculation of your property tax obligations. This valuable tool aids in understanding potential tax liabilities and showcases how Ownwell can help reduce property taxes in Stokes County. For those seeking more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Madison, Stokes County, North Carolina

Local government entities set tax rates, which can vary widely within a state. This variation arises 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 North Carolina and the median property tax rates in North Carolina and the U.S. Madison, located in Stokes County, has a median property tax rate that stands at 0.74%. This rate is notably lower than the national median property tax rate of 1.02%, offering significant savings for property owners in the area. With the highest and lowest median tax rates in the surrounding regions also at 0.74%, Madison maintains a consistent and favorable tax environment. Homeowners in Madison benefit from lower property tax bills compared to the national median, which can contribute to more manageable homeownership costs and increased financial flexibility.

Property Tax Rates Across Madison, Stokes County, North Carolina

Source: Ownwell

0.79%

0.80%

0.81%

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

0.81%

Median Effective Stokes County Tax Rate

0.81%

Median Effective North Carolina Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Madison, Stokes County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27025	0.49%	0.81%	0.81%	0.81%	0.81%

Source: Ownwell

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

When examining property taxes in Madison, 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 Stokes 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 Stokes 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 $108,400, with tax bills ranging significantly across the county. 27025 has the highest median home price at $108,400.

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

Source: Ownwell

$87,900

$118,250

$148,600

Median Madison Market Value

$108,400

Median Stokes County Market Value

$131,250

Median North Carolina Market Value

$221,500

Median United States Market Value

$235,294

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

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27025	$42,300	$76,175	$108,400	$164,650	$253,900

Source: Ownwell

Property Tax Bills Across Madison, Stokes County, North Carolina

In Madison, located in Stokes County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price here is $108,400, and the property tax rate is applied to this assessed value to determine the annual tax bill. For homeowners in Madison, the tax bills can vary significantly, with the 25th percentile tax bill at $520 and the 75th percentile reaching $1,076. At the 90th percentile, tax bills can go up to $1,565. These figures are relatively modest compared to the national median property tax bill of $2,400. Despite the lower bills, property taxes can still be a significant expense for homeowners. Ownwell can assist homeowners in Madison by reviewing their property assessments, identifying potential errors, and filing appeals to lower their tax obligations. By leveraging their expertise, Ownwell helps homeowners potentially save hundreds of dollars on their property tax bills, offering a valuable service in managing one of the largest recurring expenses for property owners.

Property Tax Bills Across Madison, Stokes County, North Carolina

Source: Ownwell

$712

$1,039

$1,366

Median Madison Tax Bill

$816

Median Stokes County Tax Bill

$1,047

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across Madison, Stokes County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27025	$324	$573	$816	$1,185	$1,747

Source: Ownwell