Madison, Limestone County, Alabama Property Taxes

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

Median Madison, AL effective property tax rate: 0.82%, significantly lower than the national median of 1.02%, but higher than the Alabama state median of 0.47%.
Median Madison, AL home value: $316,100
Median annual Madison, AL tax bill: $2,573, $173 higher than the national median property tax bill of $2,400.

How are property taxes in Limestone calculated?

Property taxes in Madison, AL 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, Limestone County, Alabama Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.82%

Estimate Property Tax Bill

$2,592

$2,405

Ownwell’s Madison Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Madison with just two data points. By entering your property's estimated assessed value, our calculator applies Madison’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Limestone County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Madison, Limestone County, Alabama

Local government entities are responsible for setting tax rates, which can vary widely within a state. This variation occurs because each county estimates its required budget annually 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. In Madison, located in Limestone County, Alabama, the effective property tax rate is 0.82%. This rate is lower than the national median property tax rate of 1.02%, which is good news for property owners in Madison. When compared to other cities in Alabama, Madison’s rate is consistent, as it matches both the highest and lowest median tax rates within the state. This consistency can provide a sense of stability for homeowners in the area. Additionally, with a national median property tax bill of $2400, the lower tax rate in Madison could result in significant savings for property owners.

Property Tax Rates Across Madison, Limestone County, Alabama

Source: Ownwell

0.33%

0.58%

0.82%

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

0.82%

Median Effective Limestone County Tax Rate

0.42%

Median Effective Alabama Tax Rate

0.47%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Madison, Limestone County, Alabama

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
35756	0.34%	0.63%	0.82%	0.85%	1.34%
35757	0.23%	0.33%	0.35%	0.40%	0.74%
35758	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Madison, Limestone County, Alabama

When examining property taxes in Madison, AL, 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 Limestone 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.

In Limestone 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 $316,100, with tax bills ranging significantly across the county. Zip code 35756 has the highest median home price at $320,300.

Property Tax Assessment Values Across Madison, Limestone County, Alabama

Source: Ownwell

$76,600

$201,425

$326,250

Median Madison Market Value

$316,100

Median Limestone County Market Value

$202,600

Median Alabama Market Value

$149,600

Median United States Market Value

$235,294

Property Tax Assessment Values Across Madison, Limestone County, Alabama

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
35756	$165,900	$235,200	$320,300	$435,300	$531,440
35757	$105,470	$126,450	$154,050	$184,625	$221,210
35758	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Madison, Limestone County, Alabama

In Madison, Limestone County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. Homeowners in Madison experience a range of property tax bills, with the 25th percentile paying around $1,141 and the 75th percentile paying approximately $3,732. The highest median tax bill in the area reaches $2,624, which is above the national median property tax bill of $2,400.

Several factors influence the tax bill, including changes in property value and local tax rates. Homeowners can feel the financial impact, especially if property values increase or local rates are adjusted. Ownwell can assist homeowners by providing expert property tax appeal services, potentially reducing their tax burden. By analyzing property assessments and ensuring they are fair, Ownwell helps homeowners save money and ensures they are not overpaying on their property taxes.

Property Tax Bills Across Madison, Limestone County, Alabama

Source: Ownwell

$363

$1,494

$2,624

Median Madison Tax Bill

$2,573

Median Limestone County Tax Bill

$871

Median Alabama Tax Bill

$717

Median United States Tax Bill

$2,400

Property Tax Bills Across Madison, Limestone County, Alabama

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
35756	$645	$1,218	$2,624	$3,756	$4,722
35757	$284	$430	$569	$814	$1,034
35758	N/A	N/A	N/A	N/A	N/A

Source: Ownwell