New Hampshire / Carroll County / Madison
2025 rate · set by the DRA November 17, 2025
Madison property tax rate
Madison's 2025 property tax rate is $8.98 per $1,000 of assessed value. A property assessed at $300,000 owes $2,694.00 for the year. That ranks 216th highest of New Hampshire's 234 towns and cities, $7.92 below the $16.90 state median.
- 1Local school $4.89
- 2State education $0.98
- 3County $0.72
- 4Municipal $2.39
- 5Bill on $300,000 $2,694
Your Madison tax bill
The bill before exemptions and credits. Village district or precinct taxes, where they apply, are billed on top. Compare another town.
Where Madison's $8.98 goes
The rate is four rates added together. The local school rate is the biggest piece at $4.89, 54% of the total. Together the two school rates (local $4.89 and state education $0.98) come to $5.87, or 65% of every tax dollar. The municipal rate of $2.39 funds Madison's own town budget, and the county rate of $0.72 is Madison's share of the Carroll County budget.
| Part of the rate | Madison | Share | NH median | Difference |
|---|---|---|---|---|
| Municipal | $2.39 | 27% | $4.59 | −$2.20 |
| County | $0.72 | 8% | $1.34 | −$0.62 |
| Local school | $4.89 | 54% | $9.75 | −$4.86 |
| State education | $0.98 | 11% | $1.13 | −$0.15 |
| Total | $8.98 | 100% | $16.90 | −$7.92 |
Medians are taken part by part across all 234 municipalities, so the four part medians do not add up to the median total.
Madison's rate in 2024 and 2025
The total rate fell $6.79 (43.06%) from $15.77 in 2024, and the part that moved most was the local school rate, down $3.84. Over the same year Madison's assessed valuation (without utilities) went from $602,918,653 to $1,166,965,900, up 93.55%. A jump in valuation that size is what an assessment update looks like (RSA 75:8-a requires a reappraisal at least every five years): the same budget spread over more assessed value gives a lower rate, so a lower rate does not by itself mean a lower bill. A property whose assessment rose faster than the town's 93.55% can still pay more. The guide to rates and revaluations works through the arithmetic.
Tax on common assessed values in Madison
| Assessed value | 2025 bill | At the 2024 rate | Versus NH median rate |
|---|---|---|---|
| $200,000 | $1,796.00 | $3,154.00 | −$1,584.00 |
| $300,000 | $2,694.00 | $4,731.00 | −$2,376.00 |
| $400,000 | $3,592.00 | $6,308.00 | −$3,168.00 |
| $500,000 | $4,490.00 | $7,885.00 | −$3,960.00 |
| $750,000 | $6,735.00 | $11,827.50 | −$5,940.00 |
Each figure is the assessed value divided by 1,000 and multiplied by the rate, before exemptions and credits. These are assessed values, the number printed on a Madison bill, not sale prices: New Hampshire towns assess as of April 1 and many sit above or below market value between revaluations, so a $300,000 assessment can belong to a house that would sell for more or less. The "2024 rate" column applies last year's $15.77 to the same assessment, which overstates the change for most owners in a year when assessments were updated.
How Madison compares in Carroll County and the state
Among the 18 municipalities in Carroll County, Madison ranks 8th highest; the county median is $8.66, so Madison sits $0.32 above it. The next higher rate in the county is Sandwich at $9.25, and the next lower is Wakefield at $8.71. Statewide, 7% of municipalities have a lower total rate than Madison; in 2024 it ranked 151st.
Municipalities with the closest rates anywhere in the state: Croydon ($8.98, Sullivan), Easton ($8.98, Grafton), Hebron ($9.06, Grafton), Sandwich ($9.25, Carroll). A rate only compares bills fairly between towns that assess at a similar share of market value; the DRA's equalization ratio for each town measures that share, and the guide to assessed and market value explains how to use it.
What Madison raises and from what base
The DRA set Madison's 2025 rate on November 17, 2025 against a total assessed valuation of $1,185,340,000 including utilities, of which $18,374,100 (1.55%) is utility property. The state education rate applies only to the $1,166,965,900 without utilities (RSA 76:3). The total commitment, the property tax Madison bills for the year, is $11,381,435, about $4,437 for each of the 2,565 residents counted in the 2020 census. The commitment is $755,088 more than the four rates alone raise on the two valuations ($10,626,347), so the DRA total includes amounts billed alongside them.
Appealing a Madison assessment
Abatement starts with Madison, not the state. When the final 2025 bill is mailed by December 31, 2025, the written application goes to the selectmen or assessors by March 1, 2026 (RSA 76:16, I(b)), the town decides by July 1, and an appeal to the Board of Tax and Land Appeals ($65 fee) or superior court is due by September 1, 2026. A bill mailed after December 31 moves each date to two, six and eight months after the mailing. The Board compares the assessment divided by the town's equalization ratio with the property's market value on April 1; the New Hampshire appeal page sets out the full procedure and the appeal check does that division.
Madison property tax questions
What is the property tax rate in Madison, NH?
Madison's 2025 total rate is $8.98 per $1,000 of assessed value: municipal $2.39, county $0.72, local school $4.89 and state education $0.98. The Department of Revenue Administration set it on November 17, 2025.
How much is the property tax on a $300,000 home in Madison?
A property assessed at $300,000 owes $2,694.00 for the 2025 tax year ($300,000 ÷ 1,000 × $8.98), before any exemption or credit. At the 2024 rate the same assessment owed $4,731.00.
Is Madison's tax rate high for New Hampshire?
It ranks 216th highest of 234 municipalities. The statewide median is $16.90, so Madison is $7.92 below it. Rates are per $1,000 of each town's own assessed value, and towns assess at different shares of market value, so the DRA's equalization ratio matters when comparing bills.
What is the deadline to appeal a Madison property assessment?
For a final 2025 bill mailed by December 31, 2025, the written abatement application goes to the selectmen or assessors by March 1, 2026 (RSA 76:16). An appeal to the Board of Tax and Land Appeals or superior court follows by September 1, 2026 (RSA 76:16-a, 76:17).
Sources: NH Department of Revenue Administration, 2025 Municipal Tax Rates (completed as of January 23, 2026) (DRA; copy read) and NH Department of Revenue Administration, 2024 Municipal Tax Rates (completed as of June 9, 2025) (copy read); county and 2020 population from Wikipedia's list of NH municipalities. Last checked October 20, 2026. This page explains published figures; it is not tax or legal advice.