Calculate using real Madison data. Median home price: $365,000. Property tax rate: 1.96%.
The effective property tax rate in Madison, WI is 1.96%. On the median home value of $365,000, that equals approximately $7,154 per year.
At the 1.96% effective rate, a $365,000 home in Madison, WI would pay about $7,154 annually, or $596 per month.
The 1.96% rate in Madison, WI is above the national average of roughly 1.1%.