Madison County, Iowa Property Taxes
Census Bureau ACS property tax data for Iowa. Population: 5,384.
The median annual property tax in Madison County is $3,681, which is 70% higher than the Iowa state average and 91% above the national average. The effective tax rate is 1.55% on a median home value of $236,900. Property taxes represent 4.1% of the median household income in this county.
Median Annual Tax
$3,681
+70% vs State
+91% vs US
Median Home Value
$236,900
+48% vs State
+12% vs US
Effective Tax Rate
1.55%
+16% vs State
+63% vs US
With vs Without Mortgage
With Mortgage
$3,719
$310/mo
Without Mortgage
$3,597
$300/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $3,681 +4.3% | 1.55% |
| 2022 | $3,530 +8.6% | 1.53% |
| 2021 | $3,249 +8.0% | 1.68% |
| 2020 | $3,009 +6.3% | 1.61% |
| 2019 | $2,832 | 1.60% |
Tax Burden
Tax-to-Income Ratio
4.1%
of median household income
Median Income
$89,542
per year
Monthly Tax
$307
per month
Other Counties in Iowa
Humboldt County
Tax: $1,889/yr Rate: 1.29%
Union County
Tax: $2,108/yr Rate: 1.79%
Mahaska County
Tax: $1,956/yr Rate: 1.39%
Wapello County
Tax: $1,854/yr Rate: 1.64%
Woodbury County
Tax: $2,542/yr Rate: 1.48%
Marshall County
Tax: $2,030/yr Rate: 1.51%
Frequently Asked Questions
What is the average property tax in Madison County, Iowa? ▼
The median annual property tax in Madison County is $3,681 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 1.55% on a median home value of $236,900.
How does Madison County property tax compare to the national average? ▼
Property taxes in Madison County are 91% above the national average of $1,923. The effective rate of 1.55% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Madison County? ▼
In Madison County, homeowners with a mortgage pay a median of $3,719 in annual property taxes, while homeowners without a mortgage pay $3,597. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Madison County? ▼
Property taxes in Madison County represent approximately 4.1% of the median household income of $89,542. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.