What happens to property tax when you buy in Madison County, Florida?
Why your bill can jump at purchase
Florida uses a reviewed market-value transfer rule (Florida Save Our Homes assessment limitation (DOR)): after a qualifying ownership change, assessed value resets toward just value, so a new owner's bill can differ sharply from what the seller paid. After a qualifying homestead is established, annual assessed-value growth is limited to the lower of 3% or CPI; portability and exemptions are not modeled.
Current owners here pay a typical bill of about $965/yr (on the $116,200 county-median home).
Estimated bill by your purchase price
| Purchase price | Estimated annual tax | vs typical bill |
|---|---|---|
| $116,200 | $965/yr | +$0/yr |
| $145,250 | $1,206/yr | +$241/yr |
| $174,300 | $1,448/yr | +$483/yr |
Effective rate: 0.83% · Tier 1 · Confidence: Medium. Reassessment toward the sale price modeled from the jurisdiction's assessment basis.
How Madison County compares before reassessment
Madison County ranks 9 of 67 published Florida counties by effective property-tax rate.
The county's 0.83% effective rate is 0.13 percentage points above the Florida published-county average of 0.7%.
The $116,200 median home value ranks 64 of 67 and is $159,800 below the Florida county median of $276,000.
Similar-rate counties
- DeSoto County: 0.83% effective rate; $174,100 median home value
- Hardee County: 0.82% effective rate; $153,600 median home value
- Charlotte County: 0.85% effective rate; $328,900 median home value
Source, method & confidence
Data as of 2024-12-31 (data version 2024.1).
Sources: U.S. Census Bureau, American Community Survey (ACS) 5-year, table B25103; U.S. Census Bureau, American Community Survey (ACS) 5-year, table B25077; Florida Department of Revenue, Save Our Homes assessment limitation.
How we model reassessment (methodology) · Florida reassessment guide · Madison County property tax overview