Madison County Property Tax Rate
Kentucky
Madison County, Kentucky has an effective property tax rate of 0.73%, which is 21% lower than the national average of 0.92%. On a home valued at $232,000, homeowners pay approximately $1,698 per year in property taxes. Madison County ranks #42 out of 120 counties in Kentucky for property tax rates.
$1,698
Per year
$232,000
2024 estimate
2.68%
Median income: $63,351
#42
of 120 counties in KY
Tax Breakdown
With Mortgage
$1,858
median annual tax
Without Mortgage
$1,394
median annual tax
Homeowners with a mortgage in Madison County pay on average $464 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
Top Counties in Kentucky
Historical Property Tax Trends
| Year | Median Tax | Median Home Value | Effective Rate |
|---|---|---|---|
| 2020 | $1,307 | $161,400 | 0.81% |
| 2021 | $1,378 | $172,000 | 0.80% |
| 2022 | $1,567 | $200,600 | 0.78% |
| 2023 | $1,631 | $220,700 | 0.74% |
| 2024 | $1,698 | $232,000 | 0.73% |
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates
Kentucky Property Tax Exemptions
Available to Madison County homeowners
General Homestead
$46,350 of assessed value (adjusted biennially)
Homeowners age 65+ or totally disabled
Disabled Veteran
$46,350 of assessed value (same as homestead; adjusted biennially)
Totally disabled veterans
Property Tax Calculator
Estimate your annual property tax in Madison County
Estimated Annual Property Tax
$2,190
$183/month · Rate: 0.73%
Nearby Counties
Quick Facts
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Homeowners save an average of $1,148/year by appealing their assessment.
Learn How to Appeal →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.