Madison County, Mississippi property tax
The median homeowner in Madison County, Mississippi pays $2,071 a year in property tax on a home worth $286,300, an effective rate of 0.72%. The national effective rate is 0.98%.
What the rate means here
At 0.72%, Madison County taxes property more lightly than the national 0.98%. The bill works out at $2,071 a year. Low-rate counties usually have another revenue source doing the work, whether that is a state funding formula, sales tax or severance revenue from extraction.
It ranks #41 of 80 Mississippi counties by effective rate, against a statewide 0.74%, and #1,699 nationally. The state runs from 1.24% in Coahoma County down to 0.44% in Tunica County.
The median home costs 3.63 times the median household income of $78,794, close to the national 3.86. The county has 110,303 residents, which is small enough that the medians describe a reasonably coherent market.
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 | Mississippi | United States | |
|---|---|---|---|
| Effective property tax | 0.72% | 0.74% | 0.98% |
| Median tax bill | $2,071 | $1,189 | $2,969 |
| Median home value | $286,300 | $161,400 | $303,400 |
| Median gross rent | $1,097 | $923 | $1,348 |
| Median household income | $78,794 | $54,915 | $78,538 |
| Home price to income | 3.63× | 2.94× | 3.86× |
| Rent as share of income | 16.71% | 20.17% | 20.6% |
| Owner-occupied | 71.41% | 69.47% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 110,303.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Lee County | 0.72% | $1,356 | $187,800 |
| Forrest County | 0.84% | $1,284 | $152,900 |
| Jackson County | 0.73% | $1,332 | $181,700 |
| Lauderdale County | 0.98% | $1,223 | $124,500 |
| Jones County | 0.88% | $1,116 | $126,800 |
Madison County property tax: common questions
What is the property tax rate in Madison County, Mississippi?
The effective rate is 0.72% of home value, from a median tax bill of $2,071 against a median home value of $286,300. That is 0.26 points below the national 0.98%.
How much is property tax on a $400,000 home in Madison County?
Roughly $2,880 a year at the county effective rate of 0.72%.
Is Madison County expensive compared with the rest of Mississippi?
It ranks #41 of 80 Mississippi counties by effective property tax rate, and #1699 of 2,826 nationally. That is 0.02 points below the Mississippi average of 0.74%.
What does housing cost in Madison County?
The median home is worth $286,300 and median gross rent is $1,097 a month. Median household income is $78,794, which puts the home at 3.63 times annual income and rent at 16.71% of it.