How much are property taxes in Madison, WI?
Homeowners in Madison, WI pay a median of $6,541 (±$91) a year in real estate taxes (2020–2024 American Community Survey, table B25103).
Homes with a mortgage pay a median of $6,515.
Homes without a mortgage pay a median of $6,604.
That is about 1.8% of the median home value of $372,900.
In Madison, the median real estate tax went from $5,287 in 2015–2019 to $6,541 in 2020–2024 (+23.7%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median real estate taxes
- $6,541 (±$91)
- With a mortgage
- $6,515
- Without a mortgage
- $6,604
- Share of median value
- 1.8%
Real estate taxes in Madison against Dane County, its state and the nation
| Madison | Dane County | Wisconsin | United States | |
|---|---|---|---|---|
| Median real estate taxes | $6,541 (±$91) | $6,420 (±$55) | $3,792 (±$12) | $3,119 |
| Homes with a mortgage | $6,515 (±$108) | $6,441 (±$72) | $3,908 (±$14) | $3,489 |
| Homes without a mortgage | $6,604 (±$157) | $6,374 (±$99) | $3,605 (±$19) | $2,576 |
| Median home value | $372,900 (±$5,542) | $394,800 (±$3,871) | $266,500 (±$1,051) | $332,700 |
In Madison, the median real estate tax is higher than in Dane County ($6,420).
It is also higher than in Wisconsin ($3,792).
It is higher than the national figure ($3,119).
In Dane County, Madison ranks 17 of 59 places with a published estimate, from highest to lowest median real estate taxes.
Statewide, it ranks 29 of 1,844.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Taxes as a share of home value in Madison
The median tax ($6,541) is 1.8% of the median home value ($372,900).
Across Dane County the same ratio is 1.6%.
Across Wisconsin it is 1.4%.
This is a ratio of two medians, a rough effective rate: not the tax rate or mill rate the town, county or school district sets, and not any one home’s bill.
Owners report what they paid and what they think their home is worth; the assessor’s office publishes the actual rates and assessments.
How property taxes in Madison have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median real estate taxes | $5,287 (±$80) | $6,541 (±$91) | +23.7% | No measurable change after inflation |
| Median home value | $246,300 (±$2,716) | $372,900 (±$5,542) | +51.4% | Up after inflation |
| Median owner cost with a mortgage | $1,751 (±$24) | $2,098 (±$47) | +19.8% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median real estate taxes in places near Madison
| Place | Distance | Median real estate taxes | Compared with this place |
|---|---|---|---|
| Madison | — | $6,541 (±$91) | — |
| Shorewood Hills | 1.1 mi | $10,000 or more | — |
| Maple Bluff | 3.6 mi | $10,000 or more | — |
| Middleton | 4.1 mi | $7,397 (±$489) | Higher |
| Monona | 5.4 mi | $7,359 (±$457) | Higher |
| Town of Westport | 5.5 mi | $7,024 (±$1,075) | Not measurably different |
| Waunakee | 6.6 mi | $7,899 (±$505) | Higher |
| Town of Blooming Grove | 6.9 mi | $3,894 (±$237) | Lower |
| Fitchburg | 7.1 mi | $7,187 (±$364) | Higher |
Nearby places with a measurably lower figure: Town of Blooming Grove, WI ($3,894).
Nearby places with a measurably higher figure: Middleton, WI ($7,397), Monona, WI ($7,359), Waunakee, WI ($7,899).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median real estate taxes across Dane County, place by place
| Rank | Place | Median real estate taxes |
|---|---|---|
| 11 | Town of Westport | $7,024 (±$1,075) |
| 12 | Town of Vermont | $6,909 (±$592) |
| 13 | Town of Black Earth | $6,806 (±$1,009) |
| 14 | Town of Springdale | $6,787 (±$282) |
| 15 | Verona | $6,764 (±$338) |
| 16 | Town of Springfield (Dane County) | $6,651 (±$470) |
| 17 | Madison | $6,541 (±$91) |
| 18 | Sun Prairie | $6,458 (±$223) |
| 19 | Town of Berry | $6,447 (±$228) |
| 20 | Town of Bristol | $6,348 (±$570) |
| 21 | Town of Vienna | $6,301 (±$343) |
| 22 | McFarland | $6,253 (±$217) |
| 23 | Windsor | $6,250 (±$348) |
Showing 13 of 59 places in Dane County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Madison
How much are property taxes in Madison?
The median real estate tax paid by homeowners in Madison, WI is $6,541 (±$91) a year (2020–2024 American Community Survey).
What is the property tax rate in Madison?
The Census Bureau does not publish tax rates; as a rough guide, the median tax paid is 1.8% of the median home value in Madison, and the actual rate is set by the town, county and school district.
Have property taxes in Madison gone up?
In Madison, the median real estate tax went from $5,287 in 2015–2019 to $6,541 in 2020–2024 (+23.7%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Are property taxes in Madison higher than in Dane County?
In Madison, the median real estate tax is higher than in Dane County ($6,420).
It is also higher than in Wisconsin ($3,792).
It is higher than the national figure ($3,119).
Sources
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Madison city, Wisconsin
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Madison city, Wisconsin
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Madison city, Wisconsin
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Madison city, Wisconsin
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Madison city, Wisconsin
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Madison city, Wisconsin (place:48000, in state:55).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25103_001E, B25103_001M, B25077_001E, B25077_001M, B25088_002E, B25088_002M from the 2019 release.
The API needs a free key.
B25103_001E, B25103_001M, B25103_002E, B25103_002M, B25103_003E, B25103_003M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
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