Updated · Property tax data: Census ACS 2024 5-year estimates · Transfer tax verified April 2026 · Methodology · Editorial policy
Madison County's 0.41% median tax-to-value ratio ranks 240th lowest among the 3,134 US counties tracked, placing it in the bottom 10% lowest nationally. Within Montana's 56 counties, it's the 1st lowest. On the county's median home value of $470,100, the typical homeowner pays $1,937 annually in property tax, $308 more than the national median of $1,629. Montana charges no state real estate transfer tax, which keeps closing costs here lower than high-transfer-tax states like New York, Pennsylvania, or Delaware.
Enter any purchase price to see the full cost breakdown for Madison County.
The two rows above, added together: everything due at closing plus your first twelve months of ownership.
Low flood risk. Flood insurance not typically required. Verify at msc.fema.gov for your specific property.
All figures are estimates for planning purposes only. Mortgage payment assumes a 30-year fixed rate of 7.28%, the Freddie Mac PMMS average for the week ending October 1, 2026. Your lender will confirm the actual rate. Closing costs vary by lender and transaction. Consult a licensed real estate attorney and lender before making any financial decisions.
Ways buyers in Madison County may reduce their annual property tax. These programs apply statewide; verify county specifics with your local assessor.
Refundable state income tax credit up to $1,150 for Montana homeowners 62+ with household income under $45,000. Does not require filing a Montana income tax return.
View official source →Income-based 30/50/80% property tax rate reduction on the first $418,000 of a home's market value. Income ranges updated annually.
View official source →100% disabled veterans (or unmarried surviving spouses) may qualify for a 50/70/80/100% reduction of property tax rate on the home's market value based on income.
View official source →Last verified April 2026. Exemption amounts and eligibility change frequently. Always confirm with your county assessor before claiming.
Answers to common questions about buying a home in Madison County.
There is no single property tax rate for Madison County. The 0.41% figure commonly quoted is a county-wide median: the median annual property tax paid ($1,937) divided by the median home value ($470,100), from 2024 US Census ACS 5-year estimates. It is a statistic describing the county, not a rate levied on any particular property. Your own bill depends on your assessed value, the millage set by your overlapping taxing districts, any homestead or senior exemptions you qualify for, and special assessments. One thing to watch: the median reflects taxes actually paid by current owners, many of whom hold homestead exemptions and assessment caps, so a new buyer paying today's market price often pays more than 0.41% of the purchase price.
No. Montana does not impose a state real estate transfer tax, which keeps closing costs in Madison County lower than in states like New York, Pennsylvania, or Delaware where transfer taxes can add thousands of dollars at closing. No transfer tax, but a Realty Transfer Certificate must be filed with the county Clerk and Recorder at recording (no associated tax, only nominal recording fees).
Flood risk is relatively low. Only 0.9% of Madison County's land falls within a FEMA Special Flood Hazard Area. Flood insurance is not typically required, though individual properties near waterways may still be in a zone. Verify at msc.fema.gov.
On Madison County's median home value of $470,100 with 20% down, buyer closing costs work out to roughly $5,228–$9,220, or 1.1–2.0% of the purchase price. That covers title insurance $800–$2,000; loan origination fee $1,880–$3,761; home appraisal $400–$700; home inspection $350–$600; recording fees $100–$300; prepaid mortgage interest $1,125; homeowners insurance (2 months) $250; property tax escrow (2-3 months) $323–$484. Transfer tax is listed separately. These are national ranges for each line item rather than Madison County quotes, so treat them as a planning range and use the calculator above for your own purchase price.
Every county-specific figure on this page links to the exact public dataset it comes from. Verify the numbers yourself against the original source.
Source for the $1,937/yr median taxes paid (ACS 2024 5-year estimates, variable B25103_001E).
Source for the $470,100 median home value (variable B25077_001E). The 0.41% effective rate is median taxes paid divided by median home value.
Confirms Montana has no state real estate transfer tax. Verified April 2026.
Source for the county's flood hazard exposure (coastal and inland flood exposure area as a share of county area).
The national dataset behind the county report, including its technical documentation and release notes.
Look up a specific property's flood zone and insurance rate map before making an offer on a home in Madison County.
Closing cost line items are national ranges, not county data. The methodology lists each range's source and the calculator's assumptions (mortgage rate, insurance, PMI).
Montana property tax exemptions: official sources
Verified April 2026.
What every buyer should read before making an offer.
An HOA capped rentals at 10 of 50 homes and grandfathered the existing landlords. How to find rental restrictions before closing, and what they cost you.
Read the guide →A buyer closed on a house and only then found out about ongoing HOA lawsuits. Six checks you can run yourself before your contingencies expire.
Read the guide →HOA special assessment not on the disclosure? One buyer got a $15,000 bill the day after closing. How to catch it before, and what to do after.
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