What is the property tax rate in Madison County, Idaho?

Madison County has an effective property tax rate of 0.48%. On a home valued at $414,800, homeowners pay approximately $2,001 per year in property taxes.

How much is the average property tax in Madison County?

The median annual property tax payment in Madison County is $2,001. Homeowners with a mortgage pay a median of $1,970, while those without a mortgage pay $2,055.

How does Madison County compare to other counties in Idaho?

Madison County ranks #20 out of 44 counties in Idaho for property tax rates. The county's effective rate of 0.48% is 2% lower than the Idaho average of 0.49%.

Madison County Property Tax Rate

Idaho

0.48%effective rate

Madison County, Idaho has an effective property tax rate of 0.48%, which is 48% lower than the national average of 0.92%. On a home valued at $414,800, homeowners pay approximately $2,001 per year in property taxes. Madison County ranks #20 out of 44 counties in Idaho for property tax rates.

Median Tax Paid🏠

$2,001

Per year

Median Home Value📊

$414,800

2024 estimate

Tax as % of Income💰

3.33%

Median income: $60,160

State Rank📍

#20

of 44 counties in ID

Tax Breakdown

With Mortgage

$1,970

median annual tax

Without Mortgage

$2,055

median annual tax

Homeowners with a mortgage in Madison County pay on average -$85 more per year than those without. This difference often reflects how property tax escrow accounts in mortgaged homes capture the full tax obligation.

How Madison County Compares

Madison County

0.48%

Idaho Average

0.49%

National Average

0.92%

Top Counties in Idaho

Nez Perce

0.78%

Power

0.70%

Bannock

0.64%

Latah

0.64%

Jerome

0.63%

Twin Falls

0.61%

Lewis

0.60%

Caribou

0.56%

Historical Property Tax Trends

Year	Median Tax	Median Home Value	Effective Rate
2020	$1,439	$229,800	0.63%
2021	$1,581	$260,600	0.61%
2022	$1,729	$324,300	0.53%
2023	$1,813	$365,000	0.50%
2024	$2,001	$414,800	0.48%

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates

Idaho Property Tax Exemptions

Available to Madison County homeowners

✓

General Homestead

50% of assessed value or $125,000, whichever is less

Primary residence owners as of January 1

✓

Circuit Breaker (Over 65/Disabled)

Up to $1,500 reduction in property taxes

Homeowners age 65+, disabled, widows/widowers, or blind; income limits apply

✓

Disabled Veteran

Up to $1,500 reduction in property taxes

Veterans with 10%+ service-connected disability; income limits apply

Property Tax Calculator

Estimate your annual property tax in Madison County

Home Value

$50k$2M

Apply homestead exemption ($100,000 school tax reduction)

Estimated Annual Property Tax

$1,440

$120/month · Rate: 0.48%

Nearby Counties

View all Idaho counties →

Quick Facts

Population54,618

Owner-Occupied35.4%

National Rank#2677 of 3,135

Median Income$60,160

Think your property tax is too high?

Homeowners save an average of $1,148/year by appealing their assessment.

Learn How to Appeal →

Cities in Madison County

Explore property tax data for 1 city in Madison County, Idaho.

City	Population	Annual Tax	Rate
Rexburg	39,589	$2,017	0.53%

Frequently Asked Questions

Data Source: U.S. Census Bureau, 2024 American Community Survey 5-Year Estimates. Effective tax rates are calculated by dividing median real estate taxes paid by median home value. Actual property tax rates may vary based on local taxing jurisdictions, exemptions, and assessment practices. This information is for general reference only and should not be used as a substitute for professional tax advice.