The country star admitted that she doesn't see herself as the same kind of musician as the iconic performer, because she's just a girl who "write[s] songs in [her] bedroom".
Swift was asked if she thinks of herself as being as big as Madonna, ahead of becoming the first solo female artist to play a stadium tour in Australia later this year since the 'Material Girl' performer did 20 years ago.
"I would never see myself that way," Swift told The AP. "I see myself as kind of this girl who writes songs in her bedroom.
"You can kind of dress it up all you want and you can put together an amazing theatrical production, you can become a better performer as time goes by, and you can try to excite people, but I'm always going to be a girl who writes songs in her bedroom in my own personal perception of myself.
"And I think it's important that I don't necessarily think too hard about what everybody else's perception of me is or else I'd just get completely lost in it. It's just easier to think of myself that way."
Swift will play the shows as part of her Red world tour, which will come to the UK in 2014.
Watch the music video for Taylor Swift's 'Red' below: