HonestCasa logoHonestCasa
All Tax Guides
Updated 2025 Tax Year

Madison County
Property Tax Guide

Everything you need to know about property taxes in Madison County, IN. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
Calculate Your True CostMortgage Calculator
Quick Facts
Tax Rate
0.6296% effective rate (varies by township and taxing districts)
1st Due
May 10
2nd Due
Nov 10
Exemptions
4+ Available
Section 1

How Property Tax Works

Madison County, Indiana operates under a property tax system that funds essential local services including schools, county government, public safety, and infrastructure maintenance. The county's effective property tax rate for 2025 is approximately 0.6296%, though this represents a countywide average. Property assessments are calculated at approximately 30.88% of market value, with the actual tax rate applied to this assessed value rather than the full market value of your property.

It's important to note that actual tax rates vary significantly by location within Madison County due to special taxing districts, school districts, and municipal boundaries. Properties in Anderson Township, for example, have additional township assessments that affect the total tax bill. The combined rate includes levies from Madison County (0.0062960 or 13.18% of the total rate), individual townships like Anderson Township (0.0004420), school districts, library districts, and other special taxing units that serve your specific property location.

Section 2

What Makes Up Your Tax Bill

ComponentRateDescription
Madison County Base0.0062960County operations, public safety, infrastructure
Anderson Township0.0004420Township services (example - varies by township)
School DistrictVariesLocal school district levy (location-dependent)
Library DistrictVariesPublic library services (if applicable)
Special DistrictsVariesFire protection, park districts, TIF districts
Total Effective Rate~0.6296%Combined rate for FY 2025

Note: These rates apply to the FY 2025 levy year. The actual total rate for your property depends on which special taxing districts serve your location. Properties in different townships, school districts, or municipalities within Madison County will have different combined rates.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Madison County, property taxes are due in two installments:

First Installment
May 10
Delinquent after Dec 10
Second Installment
Nov 10
Delinquent after Apr 10
Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in Madison County are additional property tax assessments that occur when there are mid-year changes to a property's taxable status. The most common triggers include ownership transfers, completion of new construction, or additions/improvements that weren't included in the regular assessment cycle. When supplemental taxes are issued, they're calculated based on the difference between the old and new assessed values, prorated for the portion of the tax year remaining.

For example, if you complete a $50,000 home addition in March that increases your assessed value by $15,440 (at 30.88% assessment ratio), you would owe supplemental taxes on this additional assessed value for the remaining months of that tax year. The supplemental tax would be calculated using the same tax rate that applies to your property location, but only for the time period from completion until the end of the tax year.

Example Calculation

Example 1: $300,000 Home

  • Market Value: $300,000
  • Assessed Value (30.88%): $92,640
  • Less: Standard Homestead Credit: (~$45,000 typical)
  • Net Taxable Assessment: $47,640
  • Annual Tax (0.6296%): $300
  • Monthly Escrow: $25

Example 2: $600,000 Home

  • Market Value: $600,000
  • Assessed Value (30.88%): $185,280
  • Less: Standard Homestead Credit: (~$45,000 typical)
  • Net Taxable Assessment: $140,280
  • Annual Tax (0.6296%): $883
  • Monthly Escrow: $74

Example 3: $1,000,000 Home

  • Market Value: $1,000,000
  • Assessed Value (30.88%): $308,800
  • Less: Standard Homestead Credit: (~$45,000 typical)
  • Net Taxable Assessment: $263,800
  • Annual Tax (0.6296%): $1,661
  • Monthly Escrow: $138

Note: Homestead and other tax credits require application and are not automatic. Credit amounts vary and may be subject to income limitations or other restrictions.

See How Taxes Affect Your Payment

Property taxes are just part of your total monthly cost. Get the full picture.

Calculate Now
Section 5

Escrow & Property Taxes

Most mortgage lenders in Madison County require property tax escrow accounts to ensure timely payment of property taxes. Your lender collects monthly escrow payments as part of your mortgage payment and pays your property taxes directly to the Madison County Treasurer when due. Since Madison County taxes are paid in two installments (May 12 and November 10), your lender will typically pay each installment from your escrow account on or before these due dates.

Lenders are required to conduct annual escrow analyses to ensure adequate funds are collected. If your property taxes increase due to reassessment or rate changes, your monthly escrow payment may be adjusted accordingly. You can verify that your taxes have been paid by checking with the Madison County Treasurer's office online payment system or by contacting your lender for payment confirmation.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are property taxes due in Madison County for 2025? A: Property taxes are due in two installments: May 12, 2025, and November 10, 2025, for the FY 2025 tax year.

Q: What tax credits are available and do I need to apply? A: Madison County offers homestead tax credits, senior citizen credits, and disability credits. ALL tax credits require application - they are not automatic. Contact the Madison County Assessor's office for specific application forms and deadlines.

Q: How does the Homestead credit work? A: The Homestead credit caps annual assessment increases and provides tax relief for primary residences. It does not reduce your property's market value but limits how much your taxable assessment can increase year over year. You must file an application to receive this credit.

Q: How often are properties reassessed in Madison County? A: Indiana conducts general reassessments periodically, with annual trending adjustments between general reassessments. You can appeal your assessment through the Madison County Assessor's office if you believe it's incorrect.

Q: What happens if I pay my property taxes late? A: Late payments incur penalties and interest charges. Contact the Madison County Treasurer's office for specific penalty amounts and payment arrangements.

Q: Can I pay my property taxes online? A: Yes, Madison County offers online payment services through their website. You can pay single or multiple parcels online using various payment methods.

Q: Why is my tax rate different from my neighbor's? A: Tax rates vary within Madison County based on special taxing districts, school districts, townships, and municipal boundaries. Properties in different locations may have different combinations of these taxing units.

Q: What if I disagree with my property assessment? A: You can appeal your assessment by contacting the Madison County Assessor's office. There are specific deadlines and procedures for filing assessment appeals, so contact them promptly if you have concerns.

Verified Sources

Backed by 10 Official Government Sources

Every fact in this guide is sourced from official county, state, and federal documents.

01
County
County Treasurer: Itemized Property Tax Informationtreasurer.madison.in.datapitstop.us
02
County
County Treasurer: Tax Ratestreasurer.madisoncounty48.us
03
County
2025 Madison County Tentative Multiplier Announcedillinois.gov
04
County
County Treasurer, Home - Madison County Government, Indianatreasurer.madisoncounty48.us
05
Tax Doc
DLGF: Property Tax Due Datesin.gov
06
Tax Doc
Delinquent Property Taxesmadisoncountyclerk.us
07
County
Madison County Property Tax Reform Committeeco.madison.il.us
08
Are You Eligible for the Homestead Exemption?auditor.co.madison.oh.us
09
County
County Treasurer: Real Property Informationtreasurer.madison.in.datapitstop.us
10
County
Madison County: Property Tax Calculationtreasurer.madisoncounty48.us
All sources verified as of 2025 Tax Year

See the Full Picture of Your Home Costs

Property taxes are just one piece of homeownership. HonestCasa helps you understand your total monthly cost and explore safe ways to access your home equity.

Total Monthly Cost

Mortgage + taxes + insurance + HOA

Equity Growth

Track how your equity grows over time

Safe Equity Access

Options for projects or debt payoff

Run Your ScenarioTry Calculator

Free • No credit check • 2-minute estimate