Madison County proposes a homestead exemption from ad valorem taxes funded by a new Local Homestead Option Sales Tax.

Madison County residents may receive a homestead exemption from ad valorem taxes, funded by a new 1 percent Local Homestead Option Sales Tax. The exemption applies to the assessed value of homestead property, determined annually based on sales tax proceeds. The exemption is subject to voter approval in a November 2026 election. If approved, the exemption will be in effect from January 1, 2027, until December 31, 2039. The exemption applies only to ad valorem taxes levied by Madison County and does not affect other taxes.

Madison County proposes a homestead exemption from ad valorem taxes funded by a new Local Homestead Option Sales Tax.

Madison County residents may receive a homestead exemption from ad valorem taxes, funded by a new 1 percent Local Homestead Option Sales Tax. The exemption applies to the assessed value of homestead property, determined annually based on sales tax proceeds. The exemption is subject to voter approval in a November 2026 election. If approved, the exemption will be in effect from January 1, 2027, until December 31, 2039. The exemption applies only to ad valorem taxes levied by Madison County and does not affect other taxes.