Madison County, Idaho property tax
The median homeowner in Madison County, Idaho pays $1,813 a year in property tax on a home worth $365,000, an effective rate of 0.50%. The national effective rate is 0.98%.
What the rate means here
At 0.50%, Madison County taxes property more lightly than the national 0.98%. A low rate on an expensive house is not the bargain it looks like. The median bill is still $1,813, because 0.50% of $365,000 is not a small number.
It ranks #20 of 37 Idaho counties by effective rate, against a statewide 0.53%, and #2,416 nationally. The state runs from 0.87% in Nez Perce County down to 0.30% in Valley County.
The median home costs 6.27 times the median household income of $58,259, against 3.86 nationally, so housing absorbs an unusually large share of what people here earn. Renters pay 19.88% of median income in gross rent. With 53,578 residents, the sample behind these medians is small, and the survey's own margins of error are correspondingly wider.
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 | Idaho | United States | |
|---|---|---|---|
| Effective property tax | 0.50% | 0.53% | 0.98% |
| Median tax bill | $1,813 | $2,006 | $2,969 |
| Median home value | $365,000 | $376,000 | $303,400 |
| Median gross rent | $965 | $1,150 | $1,348 |
| Median household income | $58,259 | $74,636 | $78,538 |
| Home price to income | 6.27× | 5.04× | 3.86× |
| Rent as share of income | 19.88% | 18.49% | 20.6% |
| Owner-occupied | 40.23% | 72.37% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 53,578.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Bonner County | 0.40% | $1,716 | $433,400 |
| Bingham County | 0.54% | $1,389 | $258,000 |
| Nez Perce County | 0.87% | $2,529 | $291,300 |
| Latah County | 0.68% | $2,333 | $342,500 |
| Jefferson County | 0.53% | $1,775 | $335,000 |
Madison County property tax: common questions
What is the property tax rate in Madison County, Idaho?
The effective rate is 0.50% of home value, from a median tax bill of $1,813 against a median home value of $365,000. That is 0.48 points below the national 0.98%.
How much is property tax on a $400,000 home in Madison County?
Roughly $2,000 a year at the county effective rate of 0.50%.
Is Madison County expensive compared with the rest of Idaho?
It ranks #20 of 37 Idaho counties by effective property tax rate, and #2416 of 2,826 nationally. That is 0.03 points below the Idaho average of 0.53%.
What does housing cost in Madison County?
The median home is worth $365,000 and median gross rent is $965 a month. Median household income is $58,259, which puts the home at 6.27 times annual income and rent at 19.88% of it.