Alcorn County, Mississippi Property Taxes
The median property tax rate in Alcorn County is 0.82%, which is notably lower than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Alcorn County at $54,430, the typical annual property tax bill amounts to $422, significantly less than the national median of $2,690. Property taxes in Alcorn County are calculated based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Alcorn County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you reside in Corinth or another part of Alcorn County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alcorn County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$446
$414
Ownwell’s Alcorn County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Alcorn County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Alcorn 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 Alcorn County, Mississippi
Property taxes in Alcorn County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Alcorn County is 0.82%, which is lower than the U.S. national median of 0.99%. Local government entities within Alcorn County set these rates annually, and they can vary significantly between different areas within the county. Each year, Alcorn 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. The following data compares Alcorn County's effective property tax rate with other counties in Mississippi and the national median. For comparison, the city of Walnut has one of the higher property tax rates in Mississippi at 1.00%, while the city of Corinth boasts one of the lowest at 0.82%. Analyzing how Alcorn County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Alcorn County Tax Rate
0.82%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alcorn County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Burnsville | 0.26% | 0.75% | 0.88% | 1.74% | 1.75% |
| Corinth | 0.29% | 0.44% | 0.82% | 1.02% | 1.74% |
| Glen | 0.43% | 0.76% | 0.92% | 1.74% | 1.75% |
| Rienzi | 0.37% | 0.76% | 0.91% | 1.74% | 1.76% |
| Walnut | 0.57% | 0.76% | 1.00% | 1.74% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Alcorn County, Mississippi
In Alcorn 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 Alcorn 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 Alcorn 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. For instance, the city of Rienzi has the highest median tax bill at $481, while Burnsville has the lowest at $311. Being aware of these valuation processes in Alcorn County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Alcorn County, Mississippi
Source: Ownwell
$31,960
$44,598
$57,235
Average Alcorn County Assessed Value
$54,430
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alcorn County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Burnsville | $5,562 | $14,520 | $39,640 | $83,400 | $126,260 |
| Corinth | $13,570 | $31,790 | $57,240 | $92,155 | $152,590 |
| Glen | $6,663 | $21,810 | $46,955 | $71,898 | $111,334 |
| Rienzi | $7,341 | $20,765 | $46,455 | $79,712 | $121,420 |
| Walnut | $6,108 | $14,408 | $31,960 | $61,550 | $96,442 |
Source: Ownwell
Property Tax Bills Across Alcorn County, Mississippi
In Alcorn County, MS, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in the county is $54,430. Property tax rates are applied to this assessed value to determine the annual tax bill. Factors such as the location of the property and any applicable exemptions can influence the total amount. For instance, the median tax bill in the county ranges from $311 in Burnsville to $481 in Rienzi. Homeowners in Alcorn County experience varying tax burdens, with the 25th percentile tax bill at $200 and the 75th percentile reaching $818. At the higher end, the 90th percentile tax bill can go up to $1,373. These figures reflect the diverse property values and tax rates within the county. Compared to the national median property tax rate of 0.99%, Alcorn County's rates offer a relatively affordable option for homeowners, impacting their overall cost of living and financial planning.
Average Alcorn County Tax Bill
$422
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690