Total Tax Burden in Madison, WI
Living in Madison with the median household income of $67,740, your estimated total tax burden — including federal income tax, FICA, property tax, and sales tax — is approximately $22,892, an effective rate of 33.8%.
Federal Income Tax (est.)
$9,484
14.0% of income
FICA (SS + Medicare)
$5,182
7.6% of income
Property Tax
$6,923
1.95% effective rate
Sales Tax (est.)
$1,304
5.50% rate
Total Estimated Tax Burden
$22,892
Effective Rate
33.8%
Based on median income of $67,740, median home price of $355,000, and estimated taxable spending of $23,709. Actual taxes vary by individual circumstances. Use our calculators for a personalized estimate.
Tax Details for Madison
Madison residents face a combined local sales tax rate of 5.50%. This is a relatively low sales tax rate.
Property taxes on the median-priced home of $355,000 would cost approximately $6,923 per year, or $577/month. The effective rate of 1.95% is close to the national median.
Get a Personalized Tax Estimate
These estimates are based on median values. Use our Total Tax Burden Calculator for a breakdown based on your actual income, home value, and spending.
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