Madison County, Virginia Property Taxes
Census Bureau ACS property tax data for Virginia. Population: 4,290.
The median annual property tax in Madison County is $1,967, which is 0% higher than the Virginia state average and 2% above the national average. The effective tax rate is 0.59% on a median home value of $331,400. Property taxes represent 2.4% of the median household income in this county.
Median Annual Tax
$1,967
+0% vs State
+2% vs US
Median Home Value
$331,400
+19% vs State
+57% vs US
Effective Tax Rate
0.59%
-12% vs State
-38% vs US
With vs Without Mortgage
With Mortgage
$2,102
$175/mo
Without Mortgage
$1,835
$153/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 | $1,967 +4.5% | 0.59% |
| 2022 | $1,882 +5.7% | 0.60% |
| 2021 | $1,780 +3.8% | 0.64% |
| 2020 | $1,715 -0.2% | 0.65% |
| 2019 | $1,718 | 0.67% |
Tax Burden
Tax-to-Income Ratio
2.4%
of median household income
Median Income
$82,972
per year
Monthly Tax
$164
per month
Other Counties in Virginia
Roanoke County
Tax: $2,340/yr Rate: 0.88%
Bath County
Tax: $834/yr Rate: 0.40%
Brunswick County
Tax: $718/yr Rate: 0.54%
Accomack County
Tax: $962/yr Rate: 0.50%
Manassas Park city
Tax: $4,329/yr Rate: 1.14%
Giles County
Tax: $907/yr Rate: 0.63%
Frequently Asked Questions
What is the average property tax in Madison County, Virginia? ▼
The median annual property tax in Madison County is $1,967 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.59% on a median home value of $331,400.
How does Madison County property tax compare to the national average? ▼
Property taxes in Madison County are 2% above the national average of $1,923. The effective rate of 0.59% 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 $2,102 in annual property taxes, while homeowners without a mortgage pay $1,835. 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 2.4% of the median household income of $82,972. 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.