Madison County, Montana property tax
The median homeowner in Madison County, Montana pays $1,800 a year in property tax on a home worth $440,500, an effective rate of 0.41%. The national effective rate is 0.98%.
What the rate means here
At 0.41%, 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 $1,800, because 0.41% of $440,500 is not a small number.
Inside Montana it is among the lightest, ranking #36 of 36, against a statewide 0.75%. Blaine County, in the same state, charges 1.52%. Comparing states on property tax hides differences like that, which is why this site publishes counties.
The median home costs 6.53 times the median household income of $67,420, against 3.86 nationally, so housing absorbs an unusually large share of what people here earn. Renters pay 20.63% of median income in gross rent. This is a small rural county of 8,975 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 | Montana | United States | |
|---|---|---|---|
| Effective property tax | 0.41% | 0.75% | 0.98% |
| Median tax bill | $1,800 | $2,535 | $2,969 |
| Median home value | $440,500 | $338,100 | $303,400 |
| Median gross rent | $1,159 | $1,031 | $1,348 |
| Median household income | $67,420 | $69,922 | $78,538 |
| Home price to income | 6.53× | 4.84× | 3.86× |
| Rent as share of income | 20.63% | 17.69% | 20.6% |
| Owner-occupied | 80.64% | 69.42% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 8,975.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Stillwater County | 0.60% | $2,131 | $355,600 |
| Dawson County | 1.17% | $2,199 | $187,400 |
| Deer Lodge County | 0.81% | $1,706 | $209,700 |
| Beaverhead County | 0.67% | $1,876 | $282,000 |
| Rosebud County | 0.63% | $1,191 | $188,900 |
Madison County property tax: common questions
What is the property tax rate in Madison County, Montana?
The effective rate is 0.41% of home value, from a median tax bill of $1,800 against a median home value of $440,500. That is 0.57 points below the national 0.98%.
How much is property tax on a $400,000 home in Madison County?
Roughly $1,640 a year at the county effective rate of 0.41%.
Is Madison County expensive compared with the rest of Montana?
It ranks #36 of 36 Montana counties by effective property tax rate, and #2639 of 2,826 nationally. That is 0.34 points below the Montana average of 0.75%.
What does housing cost in Madison County?
The median home is worth $440,500 and median gross rent is $1,159 a month. Median household income is $67,420, which puts the home at 6.53 times annual income and rent at 20.63% of it.