What is the property tax rate in Madison, MS?

Madison has an estimated effective property tax rate of 0.76%. On a median home valued at $334,700, homeowners pay approximately $2,543 per year in property taxes.

How does Madison compare to Madison County?

Madison's effective rate of 0.76% is 12% higher than the Madison County average of 0.68%. The county-wide median annual tax is $2,108, while Madison homeowners pay an estimated $2,543.

How much are property taxes in Madison on a $300,000 home?

Based on Madison's effective rate of 0.76%, property taxes on a $300,000 home would be approximately $2,280 per year, or about $190 per month.

Madison Property Tax Rate

Madison County, Mississippi

0.76%effective rate

Madison is located in Madison County, Mississippi. Homeowners in Madison pay a median of $2,543 per year in property taxes on a home valued at $334,700, resulting in an effective tax rate of 0.76%. This is 12% higher than the Madison County average of 0.68%.

Effective Tax Rate🏠

0.76%

vs 0.68% county avg

Est. Annual Tax💰

$2,543

Per year

Median Home Value📊

$334,700

2024 estimate

Population📍

27,775

Madison, MS

How Madison Compares

Madison

0.76%

Madison County Average

0.68%

Mississippi Average

0.72%

National Average

0.92%

About Property Taxes in Madison

Property taxes in Madison are collected by Madison County. Tax exemptions available to Madison County residents — including homestead, senior, and disability exemptions — also apply to homeowners in Madison. For detailed information on available exemptions and the county tax collector, see the Madison County property tax page.

Property Tax Calculator

Estimate your annual property tax in Madison

Home Value

$50k$2M

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

Estimated Annual Property Tax

$2,280

$190/month · Rate: 0.76%

Madison County Property Taxes

County-level data, exemptions, historical trends, and tax collector info.

View county details →

Mississippi Property Taxes

Statewide rates, all 81 counties, and exemptions.

View state details →

Think your property tax is too high?

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

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Frequently Asked Questions

Data Source: U.S. Census Bureau, 2024 American Community Survey 5-Year Estimates. City-level tax data is derived from Census place-level statistics. 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.