Madison, Madison County, Mississippi Property Taxes

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Property Taxes in Madison, Mississippi

Median Madison, Mississippi effective property tax rate: 0.96%, lower than the national median of 1.02%, and lower than the Mississippi state median of 1.35%.
Median Madison, Mississippi home value: $227,870
Median annual Madison, Mississippi tax bill: $2,280, $120 lower than the national median property tax bill of $2,400.

How are property taxes in Madison calculated?

Property taxes in Madison, Mississippi 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, Madison County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.96%

Estimate Property Tax Bill

$2,188

$2,030

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 0.96% — based on actual property records in Madison County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local appraisal district 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 all local levies, providing a more accurate estimate than applying a single county millage rate.

Madison's median effective property tax rate is lower than Madison County but higher than the state median rate of 1.35%, and the median annual property tax bill is $2,280. That is $120 lower than the state tax bill.

Your bill may vary by ZIP code within Madison: rates range from $2,280.00 in 39110 to $2,280.00 in 39110, 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, Madison, Mississippi

Madison's median effective property tax rate of 0.96% is lower than the Mississippi state median of 1.35% and lower than the national median of 1.02%. This rate reflects the Madison County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.

Property tax rates are not uniform across Madison. Homeowners in the 39110 ZIP code carry a median effective rate of 0.96%, while those in the same ZIP code also pay 0.96%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Madison County. Understanding which part of Madison you live in 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 local Tax Assessor before the August 3, 2026 deadline each year.

If your estimated bill above 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, Madison County, Mississippi

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 Mississippi and the median property tax rates in Mississippi and the U.S.

Property Tax Rates Across Madison, Madison County, Mississippi

Source: Ownwell

0.53%

1.05%

1.57%

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 Madison Tax Rate

0.96%

Median Effective Madison County Tax Rate

0.97%

Median Effective Mississippi Tax Rate

1.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Madison, Madison County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
39110	0.64%	0.84%	0.96%	1.08%	1.59%
39130	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Madison, Madison County, Mississippi

When examining property taxes in Madison, Mississippi, 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 assessment office 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 April each year.

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 $227,870, with tax bills ranging significantly across the county. 39110 has the highest median home price at $227,880.

Property Tax Assessment Values Across Madison, Madison County, Mississippi

Source: Ownwell

$36,775

$132,328

$227,880

Median Madison Market Value

$227,870

Median Madison County Market Value

$167,365

Median Mississippi Market Value

$70,930

Median United States Market Value

$235,294

Property Tax Assessment Values Across Madison, Madison County, Mississippi

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
39110	$112,059	$158,050	$227,880	$328,975	$439,249
39130	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Madison, Madison County, Mississippi

Property tax bills in Madison are based on the assessed value of a home and the local tax rate set by taxing authorities. When a property’s market value changes, the assessed value can change too, which affects the final bill. For a home with a median price of $227,870, the amount owed can vary widely depending on exemptions, local levies, and how the property is classified.

In Madison, the median property tax bill is $2,280, which is below the national median property tax bill of $2,400. Bills can still range much higher for some homeowners, with the 25th percentile at $1,458 and the 75th percentile at $3,397. At the high end, the 90th percentile reaches $4,739. This means homeowners with similar homes may still pay very different amounts. Higher assessed values and local tax rates generally lead to larger bills, while lower assessments can reduce what homeowners owe.

Property Tax Bills Across Madison, Madison County, Mississippi

Source: Ownwell

$241

$1,261

$2,280

Median Madison Tax Bill

$2,280

Median Madison County Tax Bill

$1,680

Median Mississippi Tax Bill

$914

Median United States Tax Bill

$2,400

Property Tax Bills Across Madison, Madison County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
39110	$885	$1,458	$2,280	$3,397	$4,739
39130	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	August 3

Links
Madison Tax Assessor
Website	www.madison-co.com

Frequently Asked Property Tax Questions in Madison, Mississippi

How are property taxes calculated in Madison, Mississippi?

Property taxes in Madison, Mississippi are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in Madison, Mississippi?

To appeal your property taxes in Madison, Mississippi, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in Madison, Mississippi?

Common property tax exemptions in Madison, Mississippi include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in Madison, Mississippi?

Property tax deadlines in Madison, Mississippi vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in Madison, Mississippi?

Ownwell provides professional property tax appeal services in Madison, Mississippi. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.