Madison County Property Taxes
Madison County, Florida
Effective Tax Rate
0.00%
50.8% below state avgMedian Annual Tax
$0
$77/mo escrow
Estimate Your Tax
Annual Tax
$0
Monthly
$0
Eff. Rate
0.88%
At a Glance
Median Home Value
$105,900
State avg ▼ $257,245
Tax w/ Mortgage/yr
$1,387
$116/mo escrow
Tax w/o Mortgage/yr
$686
$57/mo
State Tax Rate Rank
#59
of 67 counties (1 = lowest)
Data Story
About Property Taxes in Madison County, Florida
Madison County taxes far exceed national median
Madison County's effective tax rate of 0.876% significantly surpasses the national median of 0.71%, though its median tax of $928 represents just 35% of the national median of $2,690. This reflects the county's tiny property values—among the absolute lowest in Florida—paired with one of the state's steepest tax rates.
Second-highest tax rate in Florida
Madison County's effective rate of 0.876% ranks second only to Liberty County (0.877%) among all Florida jurisdictions, far exceeding the state average of 0.731%. Yet its median tax of $928 remains among Florida's lowest because homes average just $105,900 in value.
Nearly matches Liberty for highest regional rate
Madison's 0.876% rate virtually equals Liberty's 0.877%, making both north-central Florida's most aggressively-taxed counties. The median tax of $928 ranks among the region's lowest, as both counties serve rural, economically distressed areas with minimal property values.
Annual tax obligations in Madison County
A homeowner with a median-valued property of $105,900 pays roughly $928 annually in property taxes—about $77 per month. Despite Madison's nearly-highest state tax rate, the overall burden remains modest because homes are valued substantially below state averages.
Challenge assessments in this high-tax county
Madison County's aggressive tax rate makes assessment accuracy paramount; even modest overvaluations compound significantly over time. Homeowners should compare their assessed value against recent comparable sales and consider appeals if their property appears overvalued relative to actual market conditions.
Tax Rate Details
Understanding Millage Rates in Madison County
In Florida, property taxes are expressed as a millage rate (also called a mill rate). One mill equals $1 of tax for every $1,000 of assessed property value. Your total property tax bill is determined by adding together the millage rates set by the county, city or municipality, school district, and any special districts.
In Florida, property is assessed at just value (market value), but homestead exemptions can reduce taxable value by $50,000 or more. The millage rate is applied to the taxable value after exemptions. Florida counties, cities, school districts, and special districts each levy their own millage rates.
Madison County has an effective property tax rate of 0.88%, resulting in a median annual tax bill of $928. Use the calculator above to estimate your property tax based on Madison County's current rate, or contact the Madison County tax assessor's office for the exact millage rate breakdown for your property.
How Madison County Compares
Median Annual Property Tax
Madison County
0.88%
Effective rate
Florida Avg
0.73%
Effective rate
National Avg
0.91%
Effective rate
Frequently Asked Questions
What is the property tax rate in Madison County, Florida?
What is the millage rate in Madison County, Florida?
How much are property taxes in Madison County?
How does Madison County compare to the Florida average?
What is the median home value in Madison County, Florida?
Why is Madison County property tax rate higher than the Florida average?
How does Madison County rank for property taxes in Florida?
Counties with Similar Tax Rates
Nearby Counties
Other Counties in Florida
Data updated: March 2026
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates. Effective tax rate is calculated as median property tax divided by median home value.