In Madison County, Indiana the effective property tax rate is 0.76%. The median homeowner pays $1,128 a year in real estate taxes on a home with a median value of $147,700. That rate is the 19th highest of the 92 Indiana counties with published data, and the 1761st highest of 3,132 counties in the United States.
Property tax in Madison County
The effective rate is the median real estate tax paid divided by the median home value. The Indiana statewide average is 0.74%, so Madison County is above it. Applying this county's rate to other home prices gives a rough idea of the yearly bill; actual bills depend on the school district, exemptions and the assessed value.
| Home value | Estimated tax per year | Per month |
|---|---|---|
| $147,700 (county median) | $1,130 | $94 |
| $200,000 | $1,520 | $127 |
| $300,000 | $2,280 | $190 |
| $400,000 | $3,040 | $253 |
| $500,000 | $3,800 | $317 |
Home values and incomes
The median home value is $147,700 (64th highest in Indiana, 2033rd highest nationally) and the median household income is $62,632. Homes cost about 2.4 times a typical household's yearly income. Median gross rent is $926 a month. 70% of occupied homes are owner-occupied. Homeowners with a mortgage pay a median of $1,170 a year for insurance. For comparison, the Indiana statewide median home value is $257,165.
Counties near Madison County in the Indiana property tax ranking
| County | Effective rate | Median home value |
|---|---|---|
| Benton County | 0.76% | $135,400 |
| Dearborn County | 0.76% | $227,100 |
| Fayette County | 0.76% | $114,800 |
| Madison County | 0.76% | $147,700 |
| Adams County | 0.75% | $173,100 |
| Henry County | 0.75% | $140,200 |
| Clark County | 0.74% | $212,400 |
Frequently asked questions
What is the property tax rate in Madison County, Indiana?
The effective property tax rate is 0.76% of home value per year, the 19th highest of 92 counties in Indiana (Census ACS 2023 5-year estimates).
How much is property tax on a $300,000 home in Madison County?
At the county's effective rate of 0.76%, about $2,280 a year (roughly $190 a month). Your actual bill depends on the assessed value, your school district and exemptions.
What is the median home value in Madison County?
The median home value is $147,700 (Census ACS 2023 5-year estimates, owner-occupied homes).
What is the median household income in Madison County?
The median household income is $62,632 (Census ACS 2023 5-year estimates).