2026 Property Tax Base of the City of Madison

~ Madison's City Assessor is responsible for ensuring an accurate and fair assessment process for all taxable properties within the city. This includes discovering all real and personal property that is subject to tax, listing property characteristics used to determine value, and accurately valuing all taxable properties.

To fulfill these responsibilities, the City Assessor creates and maintains an assessment roll, which is a comprehensive list of all taxable properties in Madison. This roll includes the property's address, value, and owner's information. Additionally, the Assessor ensures that property record cards are updated with correct characteristics and information.

Accurate valuation of properties is crucial in determining property taxes for the city. The City Assessor estimates the market value of all locally assessable properties in Madison, which is then used to establish property taxes in December.

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In Madison, all properties are valued annually at 100% of their market value as of January 1st. This includes various types of real estate such as single-family homes, condominiums, apartment buildings, commercial properties, and agricultural properties. The City Assessor is responsible for assessing approximately 99% of the city's property tax base while the remaining 1% is assessed by the Wisconsin Department of Revenue for manufacturing properties.

Recent reports show that locally assessed real estate has seen a 6.1% increase in 2026. Commercial assessments have increased by 8.3%, while residential assessments have increased by 4.8%. This growth can be attributed to steady development within the city.

For more information on these changes and a detailed breakdown of locally assessed real estate growth rates and compositions, interested parties can visit the Assessor's Office in Madison.

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