Ad Valorem Tax Exemption Policy and Deadlines

An exemption from property taxes is available to eligible industries that locate or expand in Madison County. This 10-year exemption from property taxes may be granted by the Madison County Board of Supervisors on real and tangible personal property being used in Madison County. The exemption may be granted for all local property taxes except school district and fire district taxes on any property, but may not be granted on finished goods or rolling stock.

*You may use the Application for Ad Valorem Tax Exemption as a guide. We strongly advise you to use an attorney.

DEADLINES FOR FILING

Real Property

Builder’s Affidavit: April 1
Agricultural Use Application: April 1
Homestead Exemption Application: April 1
Industrial Exemption (27-31-101 new industry)*: March 1 (in Chancery Clerk’s Office)
Industrial Exemption (27-31-105 existing industry with additions/improvements)*: March 1 (in Chancery Clerk’s Office)

Personal Property

Rendition: April 1
Industrial Exemption (27-31-101 new industry)*: March 1 (in Chancery Clerk’s Office)
Industrial Exemption (27-31-105 existing industry with additions/improvements)*: March 1 (in Chancery Clerk’s Office)
Freeport Warehouse Application: March 31 ($10.00 fee required)
Freeport Warehouse Valuations: March 31

* Board of Supervisors’ Policy