Madison, Dorchester County, Maryland Property Taxes
Property Taxes in Madison, Maryland
Median Madison, Maryland effective property tax rate: 0.94%, significantly lower than the national median of 1.02%, and lower than the Maryland state median of 1.21%.
Median Madison, Maryland home value: $200,600
Median annual Madison, Maryland tax bill: $1,850, lower than the national median property tax bill of $2,400.
How are property taxes in Dorchester calculated?
Property taxes in Madison, Maryland 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 April 13, 2026
Madison, Dorchester County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.94%
Estimate Property Tax Bill
$1,886
$1,750
How Does the Madison Property Tax Calculator Work?
Use this Madison property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Madison's median effective tax rate of 0.94% — based on actual property records in Dorchester County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Madison's median effective rate across local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Madison: rates range from 0.94% in 21648 to 0.94% in 21648, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Madison.
About Madison Property Taxes
About Property Taxes in Madison, Dorchester, Maryland
Madison’s median effective property tax rate of 0.94% is lower than the Maryland state median of 1.21% and lower than the national median of 1.02%. This rate reflects the Dorchester County base levy combined with local school district levies and special taxing districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Madison. Homeowners in the 21648 ZIP code carry a median effective rate of 0.94%, and the same ZIP also reflects a median tax bill of $1,850. Understanding where you live in Madison can make a meaningful difference to your annual tax bill.
Madison homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before February 14, 2026.
If your estimated bill seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Madison, Dorchester County, Maryland
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? 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 Maryland and the median property tax rates in Maryland and the U.S.
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
0.94%
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 Dorchester County Tax Rate
1.13%
Median Effective Maryland Tax Rate
1.21%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Madison, Dorchester County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21648 | 0.80% | 0.89% | 0.94% | 1.00% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Madison, Dorchester County, Maryland
When examining property taxes in Madison, Maryland, 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. Dorchester County 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 are sent in the spring each year and typically reach your mailbox by the middle of the season. 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.
For example, the median home price in Madison is $200,600, with a median tax bill of $1,850. Tax bills range from $1,224 at the 25th percentile to $5,019 at the 90th percentile, and ZIP code 21648 has the highest median home price at $200,600.
Property Tax Assessment Values Across Madison, Dorchester County, Maryland
Source: Ownwell
$55,600
$205,600
$355,600
Median Madison Market Value
$200,600
Median Dorchester County Market Value
$171,600
Median Maryland Market Value
$338,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Madison, Dorchester County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21648 | $63,380 | $125,150 | $200,600 | $382,200 | $583,380 |
Source: Ownwell
Property Tax Bills Across Madison, Dorchester County, Maryland
Property tax bills in Madison are based on the assessed value of a home and the local tax rate set by Dorchester County and other taxing authorities. When a property’s market value changes, the assessed value can change too, which affects the final bill homeowners receive. For a home with a median price of $200,600, the tax bill is shaped by how that value is assessed and how local rates are applied.
In Madison, the property tax bill can vary widely from home to home. The 25th percentile tax bill is $1,224, while the 75th percentile is $3,240 and the 90th percentile is $5,019. The median tax bill in the area is $1,850, which is below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%. For homeowners, this means property taxes can be a significant ongoing cost, and changes in assessed value or local tax rates can quickly raise or lower what is owed each year.
Median Madison Tax Bill
$1,850
Median Dorchester County Tax Bill
$2,005
Median Maryland Tax Bill
$4,092
Median United States Tax Bill
$2,400
Property Tax Bills Across Madison, Dorchester County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21648 | $684 | $1,224 | $1,850 | $3,240 | $5,019 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | February 14 |
Links | |
|---|---|
| Dorchester Tax Assessor | |
| Website | sdat.dat.maryland.gov |