Iowa · FIPS 19121 · ACS 2020–2024
Madison County, Iowa property tax rate
Homeowners in Madison County paid a median of $3,624 a year in real estate taxes on a median home value of $245,100 (2020–2024 survey). Taxes came to 1.25% of home value, 6% below the Iowa rate of 1.33% and 33% above the U.S. rate of 0.94%.
- 1.25%Effective tax rate±0.13% margin · Iowa: 1.33%
- $3,624Median tax per yearIowa: $2,897 · U.S.: $3,119
- $245,100Median home valueIowa: $208,000
- 5,366Owner-occupied homes80% of households own
| Measure | Madison County | Iowa | U.S. | Madison County 2019–2023 | Change |
|---|---|---|---|---|---|
| Effective tax rate | 1.25% | 1.33% | 0.94% | 1.24% | +0.01 pts |
| Median tax, all owners | $3,624 | $2,897 | $3,119 | $3,681 | −$57 (-1.5%) |
| Median tax, with a mortgage | $3,602 | $3,091 | $3,489 | $3,719 | −$117 (-3.1%) |
| Median tax, no mortgage | $3,678 | $2,633 | $2,576 | $3,597 | +$81 (+2.3%) |
| Median home value | $245,100 | $208,000 | $332,700 | $236,900 | +$8,200 (+3.5%) |
| Total taxes paid | $21,707,500 | $3,218,828,300 | $360,573,527,500 | $21,655,300 |
How Madison County compares
- Per $1,000 of home value, owners here paid about $12.54 a year, against $13.27 statewide and $9.40 nationally.
- Rank in Iowa: 59 of 92 counties from lowest to highest effective rate (among those with reliable estimates). Nationally, 83% of 2,682 counties had a lower rate.
- Homes with a mortgage: 1.20% of value; homes without one: 1.36%. Median bills: $3,602 and $3,678.
- Compared with the 2019–2023 survey, the effective rate rose (+0.01 pts) and the median tax changed −$57 (-1.5%). The two 5-year surveys share four years of responses, so year-to-year moves are small and partly noise.
- Margin of error: the effective rate is 1.25% ± 0.13% at 90% confidence, from a sample of the 5,366 owner-occupied homes.
Iowa counties with similar rates
| County | Effective rate | Median tax | Median value |
|---|---|---|---|
| Bremer County | 1.23% | $2,824 | $219,600 |
| Jasper County | 1.24% | $2,633 | $186,300 |
| Butler County | 1.25% | $2,226 | $165,400 |
| Hardin County | 1.25% | $1,683 | $122,500 |
| Mahaska County | 1.26% | $2,077 | $157,800 |
| Cerro Gordo County | 1.27% | $2,410 | $166,400 |
| Wright County | 1.28% | $1,806 | $119,600 |
| Crawford County | 1.28% | $1,973 | $153,700 |
Sources
- U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates, table-based summary file: B25090 (aggregate real estate taxes), B25082 (aggregate home value), B25103 (median real estate taxes), B25077 (median home value) and B25003 (tenure); files dated January 29, 2026.
- U.S. Census Bureau, American Community Survey 2019–2023 5-year estimates, same tables (files dated October 31, 2024), for the comparison column.
- Geography names: Census Bureau Geos20245YR.txt (file dated January 22, 2026).
Effective rate = total real estate taxes paid by owner-occupied homes ÷ their total value, as reported by owners to the Census Bureau. It is not a millage rate. Your bill depends on your assessed value, exemptions (such as homestead) and local levies.