Average Tax Assessment in Madison County
Real Estate Values and Property Tax Valuation in Madison County, Georgia
Madison County has 11,035 properties with a cumulative value of $1.6B, representing 0.20% of all real estate value in Georgia. Property taxes in Madison County totaled $17.5M, with an average homeowner paying $1,589 in property taxes, which is lower than the state average of $2,360. The average property tax rate in Madison County is 1.09%, higher than the state average of 1.00%. Properties are valued for tax purposes based on their fair market value.
The property tax timeline in Georgia begins on January 1st, when the property values are assessed. Property value notices are then issued between April and July, and property owners have 30 to 45 days after the notices are mailed to file an appeal. Finally, property tax bills are issued on September 1st.
Updated November 01, 2023
| Important Links | |
|---|---|
| Madison Register of Deeds | (828) 649-3131 |
| Madison Clerk | (936) 348-2638 |
| Madison Appraisal District | (936) 348-2783 |
| TexasFile Clerk Records | - |
| Important Dates | |
|---|---|
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | April - July |
| Property Tax Appeal Deadline: | 30 to 45 days after notices mailed |
| Property Tax Bills Issued: | September 1st |
| Real Property Tax Bill Due (1st of #): | May - December, Varies by jurisdiction, Fulton County - October 15th |
| Available Exemptions | |
|---|---|
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Not Available |
| Charitable | Available |
Don't Miss Your Property Tax Appeal Deadline
Real Estate Statistics in Madison County
Residential Property Taxes by Cities in Madison County
Madison County has an average property tax rate of 1.09%, which is slightly lower than the national average of 1.19%. This rate is applied to the assessed value of a property to determine the amount of taxes due. The average Madison County property tax bill is estimated to be around $1,589. Property tax rates in Madison County vary across the cities, with Colbert having the highest effective property tax rate of 1.12%, and Royston having the lowest effective property tax rate of 0.96%. This means that property owners in Colbert will pay more in taxes than those in Royston. Overall, Madison County has a relatively low property tax rate compared to other counties in the state, making it an attractive option for those looking to purchase property in the area.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Madison County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carlton | $23,798 | $40,305 | $74,034 | $153,472 | $238,835 |
| Colbert | $27,041 | $59,745 | $130,676 | $201,142 | $271,258 |
| Comer | $29,466 | $57,530 | $113,535 | $187,461 | $255,834 |
| Commerce | $33,602 | $59,315 | $128,500 | $203,366 | $303,814 |
| Danielsville | $28,405 | $53,960 | $109,702 | $188,346 | $281,271 |
| Hull | $31,638 | $69,620 | $134,958 | $208,174 | $294,527 |
| Royston | $29,927 | $58,834 | $113,940 | $195,897 | $308,097 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Madison County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carlton | $258 | $479 | $836 | $1,634 | $2,527 |
| Colbert | $296 | $647 | $1,526 | $2,347 | $3,048 |
| Comer | $299 | $626 | $1,305 | $2,132 | $2,913 |
| Commerce | $338 | $639 | $1,261 | $2,111 | $2,905 |
| Danielsville | $289 | $561 | $1,146 | $2,000 | $2,941 |
| Hull | $327 | $747 | $1,487 | $2,348 | $3,340 |
| Royston | $351 | $575 | $1,126 | $1,885 | $3,016 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carlton | 1.08% | 1.19% | 1.13% | 1.06% | 1.06% |
| Colbert | 1.09% | 1.08% | 1.17% | 1.17% | 1.12% |
| Comer | 1.01% | 1.09% | 1.15% | 1.14% | 1.14% |
| Commerce | 1.01% | 1.08% | 0.98% | 1.04% | 0.96% |
| Danielsville | 1.02% | 1.04% | 1.04% | 1.06% | 1.05% |
| Hull | 1.03% | 1.07% | 1.10% | 1.13% | 1.13% |
| Royston | 1.17% | 0.98% | 0.99% | 0.96% | 0.98% |
Reduce your property tax bill with Ownwell!
Real Estate Values in Madison County
The data from Redfin shows that home prices in Madison County, Georgia have increased significantly from October 2022 to October 2023. The median home price rose from $285.0K to $360.0K, representing an increase of 26.32%. At the same time, the home inventory decreased from 80 to 60, indicating that demand for homes in the area is high. This suggests that the housing market in Madison County is strong and that home prices are likely to continue to rise in the future.
Average Home Value in Madison County, Georgia
Last updated: November 2023
Percent Change in Total Home Sales in Madison County
Last updated: November 2023
Percent Change in New Home Listings in Madison County
Last updated: November 2023
Reduce your property tax bill with Ownwell
Mortgage Rates in Madison County
Mortgages in Madison County are a major part of the local economy. According to recent statistics, there is a total of $389.5M in outstanding loans across home mortgages in the county. This is equivalent to 2.5K outstanding loans, which is a significant number. The median mortgage rate in Madison County varies across cities, with Commerce having the highest rate of 4.16% and Colbert having the lowest rate of 3.96%. This variation in rates is reflective of the overall market, as different cities have different levels of demand for mortgages.
Overall, the total outstanding loan amount across home mortgages in Madison County is a significant amount, representing a large portion of the county's total home value. The variation in mortgage rates across cities is indicative of the market, and can be used to inform decisions when shopping for a mortgage.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Madison County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carlton | $21,752 | $52,208 | $84,780 | $138,320 | $239,490 |
| Colbert | $69,288 | $99,104 | $135,391 | $193,187 | $248,495 |
| Comer | $49,614 | $72,629 | $119,332 | $179,344 | $247,429 |
| Commerce | $55,360 | $100,500 | $133,672 | $184,797 | $242,865 |
| Danielsville | $53,391 | $82,669 | $131,348 | $191,359 | $252,717 |
| Hull | $67,982 | $96,751 | $143,845 | $195,435 | $264,417 |
| Royston | $59,626 | $73,879 | $112,323 | $163,836 | $249,459 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Madison County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carlton | 3.00% | 3.56% | 4.10% | 4.67% | 6.12% |
| Colbert | 2.90% | 3.42% | 3.96% | 4.57% | 5.81% |
| Comer | 2.90% | 3.50% | 4.00% | 4.70% | 6.12% |
| Commerce | 2.98% | 3.70% | 4.16% | 4.83% | 6.09% |
| Danielsville | 2.80% | 3.37% | 4.01% | 4.60% | 5.96% |
| Hull | 2.90% | 3.43% | 4.04% | 4.85% | 6.12% |
| Royston | 3.00% | 3.33% | 3.96% | 4.46% | 6.23% |
Housing Expenses in Madison County, Georgia
Reduce your property tax bill with Ownwell
With Ownwell's property tax monitoring service ensures you'll never overpay on property taxes again.
How Ownwell works?
- Enter your property address and get an instant estimate of your potential tax savings based on local market data and our historical tax savings in your area.
- Sign up online and authorize Ownwell to fight your tax bill in less than 5 minutes.
- Sit back and let us get to work. Ownwell handles everything start to finish with no up-front costs. It’s all backed by our industry-leading Savings-or-Free Guarantee.
- When we save you money our fee is just 25% of your savings. If you don't save, you don't pay. We will continue to monitor your property taxes every year to ensure that you never overpay or have to worry about your property taxes again.