Madison County, Idaho Property Taxes
Property Taxes in Madison County, Idaho
Median Madison County effective property tax rate: 0.57%, significantly lower than the national median of 1.02%.
Median Madison County home value: $342,453
Median annual Madison County tax bill: $2,100, $300 lower than the national median property tax bill of $2,400.
How are property taxes in Madison County calculated?
Property taxes in Madison County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Madison County or another part of Madison County, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Madison County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.57%
Estimate Property Tax Bill
$1,952
$1,811
How Does the Madison County Property Tax Calculator Work?
Use this Madison County property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Madison County's median effective tax rate of 0.57% to generate your estimate.
Enter your property's estimated assessed value — the figure the appraisal district assigns for tax purposes, which is typically lower than market value after applicable exemptions. Our calculator uses the median effective rate for a more accurate estimate than the statutory millage rate alone.
Your actual bill may vary based on your specific exemptions, local school district levies, and any special assessment districts that apply to your property. Madison County’s median tax rate is lower than the Idaho median tax rate of 0.42%, and the median tax bill is $2,100, which is $300 lower than the state median.
For a more precise estimate, scroll down to explore city and ZIP code-level tax rate trends across Madison County.
Property Tax Rates Across Madison County, Idaho
What Are Effective Property Tax Rates Across Madison County?
Local government entities set tax rates, which vary widely across Madison County. Each year, the county estimates its budget for public services and divides that total by the assessed value of all taxable property within its jurisdiction.
Below, compare Madison County's effective property tax rate to other counties in Idaho or the U.S. median of 1.02%.
Madison County's median effective rate stands at 0.57%, which is lower than the national median of 1.02%. Within Madison County, the highest rate is found in Rexburg at 0.58%, while Menan has the lowest at 0.48%.
These variations reflect differences in local school district levies, special assessment districts assessments, and special district bonds — which compound the base county rate.
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 County Tax Rate
0.57%
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 Idaho Tax Rate
0.42%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Madison County, Idaho
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Menan | 0.36% | 0.44% | 0.48% | 0.53% | 0.72% |
| Newdale | 0.36% | 0.41% | 0.56% | 0.58% | 0.78% |
| Rexburg | 0.38% | 0.49% | 0.58% | 0.77% | 1.03% |
| Saint Anthony | 0.25% | 0.27% | 0.30% | 0.34% | 0.37% |
| Sugar City | 0.30% | 0.34% | 0.39% | 0.56% | 0.69% |
| Teton | 0.29% | 0.33% | 0.37% | 0.56% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Madison County, Idaho
When examining property taxes in Madison County, 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 Madison County assessor 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 Madison County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of June.
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 County.
For example, the median tax bill in Madison County is $2,100, with tax bills ranging significantly across the county. Menan has the highest median home price at $452,273.
Median Madison County Market Value
$342,453
Median Idaho Market Value
$389,309
Median United States Market Value
$235,294
Property Tax Assessment Values Across Madison County, Idaho
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Menan | $208,978 | $356,294 | $452,273 | $565,576 | $715,622 |
| Newdale | $34,444 | $128,906 | $315,607 | $495,508 | $695,753 |
| Rexburg | $71,281 | $237,128 | $343,296 | $442,150 | $553,959 |
| Saint Anthony | $50,404 | $82,156 | $238,113 | $371,096 | $450,270 |
| Sugar City | $156,800 | $283,376 | $329,830 | $419,094 | $506,355 |
| Teton | $48,263 | $258,086 | $357,063 | $473,453 | $547,951 |
Source: Ownwell
Property Tax Bills Across Madison County, Idaho
Property tax bills in Madison County, Idaho are based on the assessed value of a home and the local tax rate applied to that value. When a property’s market value rises, the assessed value can increase too, which may lead to a higher tax bill. Local taxing districts, including schools and county services, also affect the final amount homeowners pay.
For a county with a median home price of $342,453, the property tax bill can vary widely depending on location and home value. The 25th percentile tax bill is $1,426, while the 75th percentile is $2,813. At the high end, the 90th percentile reaches $3,676. The highest median tax bill in the county is $2,193 in Rexburg, while the lowest median tax bill is $905 in Saint Anthony.
For homeowners, this means property taxes can be a significant ongoing cost, especially when assessed values climb faster than expected.
Median Madison County Tax Bill
$2,100
Median Idaho Tax Bill
$1,726
Median United States Tax Bill
$2,400
Property Tax Bills Across Madison County, Idaho
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Menan | $838 | $1,615 | $2,095 | $2,946 | $4,185 |
| Newdale | $338 | $740 | $1,626 | $2,626 | $3,841 |
| Rexburg | $854 | $1,550 | $2,193 | $2,910 | $3,785 |
| Saint Anthony | $214 | $448 | $905 | $1,386 | $1,779 |
| Sugar City | $672 | $1,064 | $1,472 | $2,018 | $2,459 |
| Teton | $267 | $698 | $1,417 | $1,903 | $2,872 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 22 |
Links | |
|---|---|
| Madison Tax Assessor | |
| Website | mrgis.apps.vertigisstudio.com |