Property Tax in Madison County
via TaxByCounty
Madison mirrors national tax burden
Madison County's effective property tax rate of 0.723% is roughly one-third the national median of 2.1%, though its median property tax of $2,071 approaches the national median of $2,690. This reflects Madison's notably higher median home value of $286,300, the highest in this county group.
Madison taxes slightly below state average
Madison County's 0.723% effective rate sits marginally below Mississippi's 0.743% average, but its $2,071 median property tax far exceeds the state median of $931. This disparity highlights Madison's position as Mississippi's most affluent county in this comparison group.
Madison homes priciest, taxes highest
Madison County's median home value of $286,300 substantially outpaces all neighbors—the next-highest is Lee at $187,800. Consequently, Madison residents pay the region's highest median property tax of $2,071, though the effective rate remains competitive at 0.723%.
Madison median tax reaches $2,071 annually
On Madison County's median home valued at $286,300, property taxes total approximately $2,071 per year. With a mortgage, homeowners owe $2,184; without, $1,812.
High values make assessments worth verifying
In rapidly appreciating markets like Madison, assessment errors compound quickly and cost homeowners thousands. Filing an appeal with the county assessor is especially valuable when median home values are this high.