Madison County, Tennessee property tax
The median homeowner in Madison County, Tennessee pays $1,161 a year in property tax on a home worth $189,700, an effective rate of 0.61%. The national effective rate is 0.98%.
What the rate means here
At 0.61%, Madison County taxes property more lightly than the national 0.98%. With a median home at $189,700, that produces a bill of $1,161. Somebody still funds the schools, so it is worth knowing what a low-tax county collects instead.
It ranks #15 of 95 Tennessee counties by effective rate, against a statewide 0.55%, and #2,057 nationally. The state runs from 1.03% in Shelby County down to 0.31% in Cumberland County.
The median home costs 3.26 times the median household income of $58,189, close to the national 3.86. Incomes run below the national median, and house prices run below it too, which is what keeps the ratio ordinary. The county has 98,845 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 | Tennessee | United States | |
|---|---|---|---|
| Effective property tax | 0.61% | 0.55% | 0.98% |
| Median tax bill | $1,161 | $1,400 | $2,969 |
| Median home value | $189,700 | $256,800 | $303,400 |
| Median gross rent | $1,076 | $1,122 | $1,348 |
| Median household income | $58,189 | $67,097 | $78,538 |
| Home price to income | 3.26× | 3.83× | 3.86× |
| Rent as share of income | 22.19% | 20.07% | 20.6% |
| Owner-occupied | 62.49% | 67.03% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 98,845.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Sevier County | 0.31% | $815 | $259,500 |
| Maury County | 0.48% | $1,476 | $307,500 |
| Bradley County | 0.51% | $1,174 | $230,800 |
| Putnam County | 0.53% | $1,299 | $246,800 |
| Anderson County | 0.62% | $1,333 | $215,800 |
Madison County property tax: common questions
What is the property tax rate in Madison County, Tennessee?
The effective rate is 0.61% of home value, from a median tax bill of $1,161 against a median home value of $189,700. That is 0.37 points below the national 0.98%.
How much is property tax on a $400,000 home in Madison County?
Roughly $2,440 a year at the county effective rate of 0.61%.
Is Madison County expensive compared with the rest of Tennessee?
It ranks #15 of 95 Tennessee counties by effective property tax rate, and #2057 of 2,826 nationally. That is 0.06 points above the Tennessee average of 0.55%.
What does housing cost in Madison County?
The median home is worth $189,700 and median gross rent is $1,076 a month. Median household income is $58,189, which puts the home at 3.26 times annual income and rent at 22.19% of it.