Madison County, Florida property tax
The median homeowner in Madison County, Florida pays $928 a year in property tax on a home worth $105,900, an effective rate of 0.88%. The national effective rate is 0.98%.
What the rate means here
Madison County taxes property at 0.88%, within a rounding error of the national 0.98%. That makes the $928 median bill mostly a statement about local house prices rather than about local tax policy.
It ranks #8 of 67 Florida counties by effective rate, against a statewide 0.79%, and #1,268 nationally. The state runs from 1.05% in Hardee County down to 0.45% in Walton County.
The median home costs 2.2 times the median household income of $48,176, against 3.86 nationally, which is a comfortable ratio by American standards. 72.01% of occupied homes are owned rather than rented, and cheap housing relative to income is usually why. This is a small rural county of 18,113 people. Five-year survey estimates for places this size carry wide margins of error, so treat the figures as approximate.
The rate is derived rather than quoted. How and why.
What that costs at different home values
Arithmetic at the county effective rate, before any exemption or assessment cap.
Housing and income
| Madison County | Florida | United States | |
|---|---|---|---|
| Effective property tax | 0.88% | 0.79% | 0.98% |
| Median tax bill | $928 | $2,555 | $2,969 |
| Median home value | $105,900 | $325,000 | $303,400 |
| Median gross rent | $819 | $1,564 | $1,348 |
| Median household income | $48,176 | $71,711 | $78,538 |
| Home price to income | 2.2× | 4.53× | 3.86× |
| Rent as share of income | 20.4% | 26.17% | 20.6% |
| Owner-occupied | 72.01% | 67.32% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 18,113.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Gilchrist County | 0.68% | $1,301 | $191,000 |
| Dixie County | 0.74% | $715 | $96,900 |
| Holmes County | 0.52% | $527 | $101,400 |
| Union County | 0.58% | $931 | $160,400 |
| Taylor County | 0.72% | $724 | $100,200 |
Madison County property tax: common questions
What is the property tax rate in Madison County, Florida?
The effective rate is 0.88% of home value, from a median tax bill of $928 against a median home value of $105,900. That is 0.1 points below the national 0.98%.
How much is property tax on a $400,000 home in Madison County?
Roughly $3,520 a year at the county effective rate of 0.88%.
Is Madison County expensive compared with the rest of Florida?
It ranks #8 of 67 Florida counties by effective property tax rate, and #1268 of 2,826 nationally. That is 0.09 points above the Florida average of 0.79%.
What does housing cost in Madison County?
The median home is worth $105,900 and median gross rent is $819 a month. Median household income is $48,176, which puts the home at 2.2 times annual income and rent at 20.4% of it.