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Madison County, IN Property Tax Calculator

Madison County homeowners pay a median $1,192 a year in property tax, 0.74% of a median $161,300 home: the same as Indiana's 0.74% but below the national 0.94%.

At an effective rate of 0.74%, a $161,300 home pays about $1,192 a year in property tax, $99 a month.

Property tax a year
$1,192
A month (for escrow)
$99
Effective rate on the home
0.74%

Property tax in Madison County by home value, at 0.74%

Home valueA yearA month
$200,000$1,478$123
$300,000$2,217$185
$400,000$2,956$246
$500,000$3,695$308
$750,000$5,543$462
$1,000,000$7,390$616

Madison County against Indiana and the US

Effective rateMedian taxMedian home valueMedian household income
Madison County0.74%$1,192$161,300$63,037
Indiana0.74%$1,614$218,200$71,957
United States0.94%$3,119$332,700$80,734

How this calculator works

Median real estate taxes paid ÷ median home value in Madison County, from the Census Bureau's American Community Survey 2020–2024 5-year estimates. The calculator starts at the county's median home value and rate.

What it assumes

  • Cities, school districts and special districts within the county levy different rates, so bills vary within it.
  • Survey figures cover 2020 to 2024 and lag recent reassessments.

Questions people ask

What is the property tax rate in Madison County?

The effective rate is 0.74%: a median $1,192 a year on a median $161,300 home. That's the 17th highest of the 28 Indiana counties we cover.

How much is property tax on a $400,000 house in Madison County?

About $2,956 a year, $246 a month, at the county's effective rate, before any exemption.

How does Madison County compare with the rest of Indiana?

Its rate is the same as the state's 0.74%. Across Indiana, covered counties range from 0.49% to 0.92%.

How do I lower my Madison County property tax?

Apply for every exemption you qualify for, such as a homestead exemption, and appeal your assessment if it is higher than comparable homes sold nearby; the county assessor explains the deadlines.

Other Indiana counties

Related calculators

  • Indiana Property Tax CalculatorIndiana homeowners pay a median $1,614 a year in property tax, 0.74% of a median $218,200 home: the 30th highest effective rate of the 50 states and DC.
  • Indiana Mortgage CalculatorYour monthly mortgage payment in Indiana, with Indiana's effective property tax rate (0.74%) built in, at this week's average rate. The calculator starts at the state's median home value, $218,200.
  • Home Affordability CalculatorThe home price your income supports under the 28/36 guideline lenders use, counting your other debts, down payment, taxes and insurance, at this week's average rate.

Sources

Updated by the RateHerald team. The maths is tested against worked examples; report a problem.