Madison County, Kentucky Property Taxes
Census Bureau ACS property tax data for Kentucky. Population: 22,915.
The median annual property tax in Madison County is $1,631, which is 49% higher than the Kentucky state average and 15% below the national average. The effective tax rate is 0.74% on a median home value of $220,700. Property taxes represent 2.6% of the median household income in this county.
Median Annual Tax
$1,631
+49% vs State
-15% vs US
Median Home Value
$220,700
+47% vs State
+4% vs US
Effective Tax Rate
0.74%
+3% vs State
-22% vs US
With vs Without Mortgage
With Mortgage
$1,781
$148/mo
Without Mortgage
$1,382
$115/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 | $1,631 +4.1% | 0.74% |
| 2022 | $1,567 +13.7% | 0.78% |
| 2021 | $1,378 +5.4% | 0.80% |
| 2020 | $1,307 -0.3% | 0.81% |
| 2019 | $1,311 | 0.82% |
Tax Burden
Tax-to-Income Ratio
2.6%
of median household income
Median Income
$62,407
per year
Monthly Tax
$136
per month
Other Counties in Kentucky
Mason County
Tax: $998/yr Rate: 0.63%
Pulaski County
Tax: $1,010/yr Rate: 0.65%
Martin County
Tax: $657/yr Rate: 0.77%
Morgan County
Tax: $802/yr Rate: 0.76%
Trimble County
Tax: $1,175/yr Rate: 0.68%
Estill County
Tax: $773/yr Rate: 0.69%
Frequently Asked Questions
What is the average property tax in Madison County, Kentucky? ▼
The median annual property tax in Madison County is $1,631 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.74% on a median home value of $220,700.
How does Madison County property tax compare to the national average? ▼
Property taxes in Madison County are 15% below the national average of $1,923. The effective rate of 0.74% 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 $1,781 in annual property taxes, while homeowners without a mortgage pay $1,382. 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 2.6% of the median household income of $62,407. 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.