Leflore County Property Taxes
The median property tax rate in Leflore County is 1.83%, which is significantly higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With a median home value of $41,840 in Leflore County, the typical annual property tax bill reaches $611, which is notably lower than the national median of $2,690. Property taxes in Leflore County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions, such as primary residence and agricultural exemptions. Understanding Leflore County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Greenwood or another part of Leflore County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Leflore County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$2,620
Ownwell’s Leflore County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Leflore County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Leflore County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Leflore County, Mississippi
Property taxes in Leflore County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Leflore County is 1.83%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Leflore County set these rates annually, and they can vary significantly between different areas within the county. Each year, Leflore County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Doddsville has one of the higher property tax rates in Mississippi at 1.83%, while the city of Morgan City boasts one of the lowest at 1.18%. Analyzing how Leflore County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Leflore County Tax Rate
1.83%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leflore County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belzoni | 0.86% | 1.17% | 1.83% | 1.83% | 1.83% |
| Cruger | 0.97% | 1.62% | 1.83% | 1.83% | 1.83% |
| Doddsville | 1.32% | 1.83% | 1.83% | 1.84% | 1.85% |
| Drew | N/A | N/A | N/A | N/A | N/A |
| Greenwood | 0.81% | 1.18% | 1.83% | 2.63% | 2.63% |
| Itta Bena | 0.82% | 1.18% | 1.35% | 2.63% | 2.64% |
| Minter City | 0.54% | 0.94% | 1.83% | 1.83% | 1.84% |
| Moorhead | 0.98% | 1.18% | 1.83% | 1.83% | 1.83% |
| Morgan City | 0.79% | 0.82% | 1.18% | 1.83% | 1.83% |
| Philipp | 0.80% | 1.83% | 1.83% | 1.83% | 1.83% |
| Ruleville | 0.65% | 0.66% | 1.24% | 1.83% | 1.83% |
| Schlater | 0.80% | 0.99% | 1.82% | 1.83% | 1.83% |
| Sidon | 0.81% | 1.18% | 1.82% | 1.83% | 1.83% |
| Swiftown | 0.81% | 1.18% | 1.82% | 1.83% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Leflore County, Mississippi
In Leflore County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Leflore County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Leflore County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Leflore County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. For instance, Ruleville has the highest median tax bill at $1,974, while Philipp has the lowest at $387. Understanding these differences can help you better plan for your property tax obligations.
Property Tax Assessment Values Across Leflore County, Mississippi
Source: Ownwell
$22,080
$223,757
$425,434
Average Leflore County Assessed Value
$41,840
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Leflore County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belzoni | $8,909 | $18,500 | $63,278 | $97,556 | $155,319 |
| Cruger | $30,117 | $31,887 | $77,638 | $115,438 | $269,539 |
| Doddsville | $41,657 | $52,937 | $86,552 | $279,537 | $514,018 |
| Drew | N/A | N/A | N/A | N/A | N/A |
| Greenwood | $11,416 | $21,616 | $40,672 | $63,195 | $104,014 |
| Itta Bena | $14,543 | $31,374 | $42,634 | $62,325 | $105,682 |
| Minter City | $17,924 | $35,070 | $75,048 | $143,636 | $242,481 |
| Moorhead | $13,811 | $32,031 | $39,812 | $80,234 | $150,631 |
| Morgan City | $10,008 | $25,462 | $41,698 | $83,301 | $146,455 |
| Philipp | $10,624 | $14,508 | $22,080 | $35,505 | $53,000 |
| Ruleville | $157,796 | $158,776 | $161,544 | $265,407 | $448,359 |
| Schlater | $12,262 | $26,818 | $59,238 | $167,186 | $402,065 |
| Sidon | $11,006 | $17,303 | $37,684 | $63,480 | $107,116 |
| Swiftown | $9,106 | $16,826 | $45,494 | $104,904 | $165,686 |
Source: Ownwell
Property Tax Bills Across Leflore County, Mississippi
In Leflore County, MS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Leflore County can expect a median home price of $41,840. The tax bill is determined by multiplying the assessed value by the local tax rate. For instance, the 25th percentile tax bill is $344, while the 75th percentile tax bill is $1,017, indicating a significant range based on property values and specific local rates. Several factors influence the tax bill, including property location, home size, and market trends. For example, Ruleville has the highest median tax bill at $1,974, while Philipp has the lowest at $387. These variations highlight how local conditions and municipal services can impact tax rates. For homeowners, understanding these factors is crucial as property taxes contribute to overall housing costs. By knowing the assessed value and local tax rates, homeowners can better anticipate their annual expenses and budget accordingly.
Average Leflore County Tax Bill
$611
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Leflore County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belzoni | $114 | $200 | $554 | $1,784 | $2,837 |
| Cruger | $550 | $582 | $1,417 | $1,630 | $2,522 |
| Doddsville | $544 | $947 | $1,587 | $5,108 | $9,529 |
| Drew | N/A | N/A | N/A | N/A | N/A |
| Greenwood | $180 | $338 | $617 | $1,027 | $1,788 |
| Itta Bena | $233 | $410 | $622 | $936 | $1,559 |
| Minter City | $105 | $340 | $836 | $1,937 | $4,110 |
| Moorhead | $128 | $300 | $597 | $763 | $2,760 |
| Morgan City | $128 | $313 | $504 | $895 | $2,204 |
| Philipp | $128 | $244 | $387 | $610 | $944 |
| Ruleville | $1,042 | $1,067 | $1,974 | $4,770 | $8,193 |
| Schlater | $173 | $317 | $706 | $1,804 | $6,250 |
| Sidon | $177 | $251 | $456 | $748 | $1,677 |
| Swiftown | $114 | $282 | $534 | $1,050 | $2,583 |
Source: Ownwell