Madison County, North Carolina Property Taxes
Property Taxes in Madison County, North Carolina
Median Madison County effective property tax rate: 0.49%, significantly lower than the national median of 1.02%.
Median Madison County home value: $306,765
Median annual Madison County tax bill: $1,391, 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, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.49%
Estimate Property Tax Bill
$1,503
$1,395
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 0.49% 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 North Carolina median tax rate of 0.81%, and the county's median tax bill of $1,391 is $1,009 lower than the state median tax bill.
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, North Carolina
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 North Carolina or the U.S. median of 1.02%.
Madison County's median effective rate stands at 0.49%, which is lower than the national median of 1.02%. Within Madison County, the highest rate is found in Leicester at 0.54%, while Hot Springs 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
0.49%
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 North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Madison County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alexander | 0.33% | 0.39% | 0.40% | 0.41% | 0.49% |
| Hot Springs | 0.33% | 0.43% | 0.48% | 0.56% | 0.68% |
| Leicester | 0.27% | 0.49% | 0.54% | 0.59% | 0.68% |
| Marshall | 0.33% | 0.42% | 0.49% | 0.55% | 0.64% |
| Mars Hill | 0.39% | 0.45% | 0.49% | 0.53% | 0.60% |
| Weaverville | 0.41% | 0.47% | 0.48% | 0.52% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Madison County, North Carolina
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 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.
Assessment notices are sent in the spring each year and typically reach your mailbox by the middle of May. 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.
The median tax bill in Madison County is $1,391, below the national median property tax bill of $2,400. Tax bills range significantly across the county, and Weaverville has the highest median home price at $494,639.
Property Tax Assessment Values Across Madison County, North Carolina
Source: Ownwell
$223,230
$358,935
$494,639
Median Madison County Market Value
$306,765
Median North Carolina Market Value
$221,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Madison County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alexander | $137,691 | $355,844 | $475,656 | $557,913 | $651,556 |
| Hot Springs | $68,802 | $120,586 | $223,230 | $382,591 | $622,988 |
| Leicester | $95,932 | $209,695 | $360,633 | $578,468 | $784,351 |
| Marshall | $88,266 | $152,140 | $286,589 | $461,045 | $684,474 |
| Mars Hill | $129,540 | $222,096 | $336,873 | $484,212 | $663,748 |
| Weaverville | $130,222 | $267,056 | $494,639 | $650,499 | $801,280 |
Source: Ownwell
Property Tax Bills Across Madison County, North Carolina
Property tax bills in Madison County are calculated by applying the local tax rate to a home’s assessed value, which is based on the property’s market value. That means two homes with similar market values can still have different tax bills if their assessed values or local taxing jurisdictions differ. Factors such as location, property characteristics, and any exemptions can also affect the final amount a homeowner owes.
With a median home price of $306,765, property tax bills in the county can vary widely. The 25th percentile tax bill is $835, while the 75th percentile is $2,103 and the 90th percentile reaches $2,979. The highest median tax bill is $2,343 in Weaverville, compared with $1,001 in Hot Springs. For homeowners, this variation can have a meaningful impact on monthly housing costs and long-term affordability, especially when a property’s assessed value rises faster than expected.
Median Madison County Tax Bill
$1,391
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$2,400
Property Tax Bills Across Madison County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alexander | $664 | $1,401 | $1,829 | $2,075 | $2,403 |
| Hot Springs | $434 | $638 | $1,001 | $1,643 | $2,495 |
| Leicester | $568 | $913 | $1,537 | $2,715 | $3,877 |
| Marshall | $484 | $755 | $1,290 | $1,999 | $2,822 |
| Mars Hill | $673 | $1,043 | $1,562 | $2,231 | $3,082 |
| Weaverville | $627 | $1,276 | $2,343 | $3,036 | $3,677 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | November 22 |
Links | |
|---|---|
| Madison Tax Assessor | |
| Website | lrcpwa.ncptscloud.com |