2026 Property Tax Base of the City of Madison

May 2, 2026 - 11:25

The City of Madison has released its 2026 property tax base figures, reflecting a continued upward trend in assessed values across the municipality. The City Assessor, who oversees the entire assessment process, reported that the total equalized value of all taxable property has increased compared to the previous year. This growth is driven by a combination of new construction, property improvements, and rising market values for existing homes and commercial buildings.

The assessment process involves determining the fair market value of every parcel within the city limits. The Assessor's office uses sales data, property inspections, and market analysis to ensure valuations are accurate and equitable. For 2026, the tax base expansion means the city can generate additional revenue without necessarily increasing the tax rate, though individual property owners may see changes in their bills depending on how their specific assessment compares to the overall average.

City officials note that the new tax base will support funding for essential services such as public schools, road maintenance, police and fire protection, and parks. Property owners who disagree with their assessment have the right to appeal through the Board of Review process. The final tax levy, which determines the actual amount collected, will be set later this year following budget deliberations by the City Council.