Economic Development

TAXES

County and city property taxes are listed below. County taxes are assessed at 40% of fair market value. Property located inside cities is taxed at the millage rate indicated below.

COUNTY

UNINCORPORATED

INCORPORATED

Schools

16.990

16.990

School Bond

0.00

0.00

County

11.110

12.109

State

.20

.20

Industrial Development Authority

0.952

0.952

Total

29.252

30.251

CITIES

Carlton

2.20 mills

Colbert

3.620 mills w/ a $6,000 Homestead Exemption

Comer

4.40 mills

Danielsville

4.00 mills

Hull

0.00 mills

Ila

3.92 mills

SOURCE: Ms. Louise Watson, Madison County Tax Commissioner