TAX RATES
TAXING DISTRICTS
Taxing districts are geographic areas of the county in which property taxes are levied at the same rate. Each of the incorporated cities in Madison County is a taxing district.
In an unincorporated area of the county, the millage levy includes the rates levied by the Madison County Commission, the Madison County School Board, and the Suwannee Water Management District.
Inside each city, the millage levy includes these same rates, plus the millage rate levied by that respective City Commission. For example, a property in the City of Madison would pay taxes based on the millages levied by the following taxing authorities.
Madison County -9.800
Public Schools – 5.4540
City of Madison – 7.0000
Suwannee WMD – 0.3368
TOTAL – 22.5908
A list of the individual taxing authority millage rates can be found in the chart below.
MILLAGE RATES
Taxing authorities levy annual taxes on the taxable property in their jurisdictions. The rate at which a taxing authority levies tax is usually expressed in mils. One mil represents a rate of .001, and can be confusing if millage is confused with millage rate. The easiest way to think of millage is in “dollars per thousand”; that is, a rate of one mil is equal to one dollar of tax for each 1000 dollars of taxable value. The following example may be helpful.
If a taxing authority levies 10 mils on $1000 of taxable value… *The millage levy would be expressed as 10 mils *The millage rate would be expressed as .010 (.001 x 10) *The amount of tax would be calculated as $1000 x .010 = $10.00 *10 mils generates $10 of tax for each $1000 of taxable value.
The calculation of taxes on your home might look like this, depending on the value of your home and the taxing district you live in. This is a hypothetical example.
Assessed value: $50,000
Homestead Exemption: – $25,000
Taxable Value: $25,000
Tax rate (20 mils): x 0.020
Tax amount: $500.00
Millage rates are set each year during the budget hearings held by each of the taxing authorities. Two public hearings are held each year, usually July through September, at which time budgets and tax rates are set. The meetings are advertised and are open to the public.
2022 FINAL MILLAGE BY TAXING AUTHORITY
Madison County – 9.800
Public Schools – 5.4540
City of Madison – 7.0000
Town of Lee – 7.0000
Town of Greenville – 10.0000
Suwannee RWMD – 0.3368
DISCLAIMER
This information was derived from data which was compiled by the Madison County Property Appraiser’s Office solely for the governmental purpose of property assessment. This information should not be relied upon by anyone as a determination of the ownership of property or market value. No warranties, expressed or implied, are provided for the accuracy of the data herein, it’s use, or it’s interpretation. Although it is periodically updated, this information may not reflect the data currently on file in the Property Appraiser’s office. The assessed values are NOT certified values and therefore are subject to change before being finalized for ad valorem assessment purposes. All site addresses should be verified with the Madison County GIS Addressing Office. Notice:
Under Florida Law, e-mail addresses are public record. If you do not want your e-mail address released in response to a public-records request, do not send electronic mail to this entity. Instead contact this office by phone or in writing.