35756 Property Tax Rate

Property owners in ZIP code 35756 (Madison, Alabama) pay a median of $1,548/year in property taxes on homes valued at $350,600. This translates to an effective tax rate of 0.44%, which is 20% above the Alabama state average of 0.37%.

The monthly property tax burden for a median-valued home in 35756 is approximately $129, which factors into escrow payments on mortgages. This ZIP code is located within Limestone County. This is $943 more than the Alabama average of $605/year.

Compared to similar ZIP codes in Alabama, 35756 has lower property taxes. ZIP codes with similar effective rates include 36925 (0.44%) and 36571 (0.44%).

In Madison, property taxes represent approximately 1.1% of the median household income of $134,900, providing context for the relative tax burden on homeowners in this area.

Alabama has no statewide property tax cap; Limestone County reassesses property to market value upon purchase, and owners pay according to the county's assessment schedule with no growth caps. Homeowners 65 and older earning under $12,500 annually qualify for a $5,000 Homestead Exemption — apply to the Limestone County Assessor by December 31 to reduce your assessed value. File your homestead exemption application with the Limestone County Assessor's office within 60 days of closing to maximize your first-year tax savings.