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Updated 2025 Tax Year

Madison County
Property Tax Guide

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

10 Official Sources
8 min read
Quick Facts
Tax Rate
28.8 mills (2.88% of assessed value) for FY 2025-2026, varies by district and municipality
Exemptions
5+ Available
Section 1

How Property Tax Works

Madison County, Mississippi operates on a property tax system that funds essential county services including schools, infrastructure, public safety, and local government operations. Property taxes are based on assessed values set by the County Tax Assessor, with the current tax rate for FY 2025-2026 set at 28.8 mills (2.88% of assessed value). This rate includes both county operations and school district levies.

Your actual property tax rate may vary depending on your specific location within Madison County due to special taxing districts, municipal boundaries, and school district assignments. Property owners should verify their exact tax rate and applicable districts with the Madison County Tax Assessor's office, as some areas may have additional assessments for bonds, special improvements, or municipal services.

Section 2

What Makes Up Your Tax Bill

ComponentRate (Mills)Description
County General Fund~15.0Basic county operations, services, infrastructure
School District Levy~13.8Public education funding for applicable school districts
Total Base Rate28.8Combined rate for FY 2025-2026

Note: Rates shown are for FY 2025-2026 levy year. Actual rates may vary by location within Madison County depending on your specific school district, municipal boundaries, and any special assessment districts. Contact the Madison County Tax Assessor at (601) 855-5539 for your exact rate.

Section 3

When Are Property Taxes Due?

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

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 property ownership, value, or use. The most common triggers include new construction completion, major improvements, property ownership transfers, or corrections to the tax roll discovered after the annual assessment.

When a supplemental assessment is issued, it's calculated on a pro-rated basis for the remaining months in the current tax year. For example, if new construction worth $100,000 is completed in January, and your area's tax rate is 28.8 mills, you would owe approximately $240 ($100,000 × 0.0288 × 9/12 months remaining). Supplemental tax bills are typically mailed within 60 days of the triggering event and become due immediately upon receipt.

Example Calculation

Example 1: $300,000 Home

  • Assessed Value: $300,000
  • Less: Homestead Credit (if applied): -$7,500
  • Net Taxable Value: $292,500
  • Annual Tax (28.8 mills): $8,424
  • Monthly (if escrowed): $702

Example 2: $600,000 Home

  • Assessed Value: $600,000
  • Less: Homestead Credit (if applied): -$7,500
  • Net Taxable Value: $592,500
  • Annual Tax (28.8 mills): $17,064
  • Monthly (if escrowed): $1,422

Example 3: $1,000,000 Home

  • Assessed Value: $1,000,000
  • Less: Homestead Credit (if applied): -$7,500
  • Net Taxable Value: $992,500
  • Annual Tax (28.8 mills): $28,584
  • Monthly (if escrowed): $2,382

Note: Homestead credit amounts are estimates and require annual application. Actual credits may vary based on current county policies and your qualification status.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Madison County require property tax escrow accounts for loans with less than 20% down payment. Your lender collects monthly tax payments as part of your mortgage payment and pays your property taxes directly to Madison County when due in October. Lenders typically collect 1/12th of your annual tax bill each month, plus maintain a reserve cushion of 2-6 months.

Property tax bills are mailed in late summer and due by October 1st each year. If you have an escrow account, verify that your lender receives the bill and pays on time - you remain ultimately responsible for ensuring payment. You can verify payment status by contacting the Madison County Tax Collector at (601) 855-5552 or checking their online payment system. Lenders must provide an annual escrow analysis showing how your tax payments were calculated and applied.

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 Madison County property taxes due for FY 2025-2026? A: Property taxes are due by October 1, 2025. Personal property rendition forms must be filed by April 1, 2025 (postmarked if mailed).

Q: What homestead tax credits are available and how do I apply? A: The homestead exemption provides a reduction in assessed value for primary residences. You must apply annually with the County Tax Assessor's office. Applications are typically due by April 1st. This credit caps assessment increases rather than reducing market value.

Q: Do tax credits apply automatically? A: No, most tax credits require annual application and are not automatic. Contact the Tax Assessor's office at (601) 855-5539 to apply for available credits including homestead, senior, disability, or veteran exemptions.

Q: How does the homestead credit work? A: The homestead credit limits annual assessment increases on your primary residence and provides a base exemption amount. It requires annual application and proof of residency. You cannot claim homestead credit if you file as a resident of another state for income tax purposes.

Q: When are properties reassessed in Madison County? A: Mississippi conducts county-wide reappraisals every 4-5 years. Property values are also updated when ownership changes, improvements are made, or errors are discovered.

Q: How do I appeal my property assessment? A: Assessment appeals must be filed with the County Tax Assessor within 60 days of receiving your assessment notice. If denied, you can appeal to the County Board of Supervisors and then to the State Tax Commission.

Q: What are the penalties for late payment? A: Property taxes become delinquent after October 1st. Penalties and interest accrue monthly, and properties can eventually be sold for unpaid taxes after following statutory procedures.

Q: Can I pay my property taxes online? A: Contact the Madison County Tax Collector at (601) 855-5552 or visit their website to verify current online payment options and accepted methods.

Q: Why does my tax rate differ from my neighbor's? A: Tax rates vary within Madison County based on your school district, municipal boundaries, and any special assessment districts for your specific location. Contact the Tax Assessor to verify your exact rate and applicable districts.

Q: Are there special tax credits for seniors or veterans? A: Mississippi offers various tax credits for seniors, disabled persons, and veterans. These require separate applications and proof of eligibility. Contact the Madison County Tax Assessor's office for specific programs and application requirements.

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