Benton County, Mississippi Property Taxes
Median Benton County effective property tax rate: 1.92%, significantly higher than the national median of 1.02%.
Median Benton County home value: $21,390
Median annual Benton County tax bill: $264, $2,136 lower than the national median property tax bill of $2,400.
How are property taxes in Benton County calculated?
Property taxes in Benton County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Ashland or another part of Benton County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Benton County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.92%
Estimate Property Tax Bill
$411
$381
Ownwell’s Benton County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Benton County with just two data points.
By entering your property's estimated assessed value, our calculator applies Benton County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Benton County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Benton County, Mississippi
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Benton County, Mississippi, the effective property tax rate is 1.92%, which is significantly higher than the national median property tax rate of 1.02%. Within Mississippi, Benton County's tax rate is among the highest, with Myrtle having the highest median tax rate of 1.97%. On the other hand, Ripley has the lowest median tax rate in the state at 1.07%. These variations highlight the importance of understanding local tax rates, as they can significantly impact property tax bills. For instance, with a higher tax rate, property owners in Benton County might face higher tax bills compared to those in counties with lower rates. Understanding these differences can help property owners make informed decisions about their investments and financial planning.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Benton County Tax Rate
1.92%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Mississippi Tax Rate
1.31%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Benton County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ashland | 0.87% | 1.16% | 1.94% | 2.10% | 2.10% |
| Blue Mountain | 0.87% | 1.00% | 1.93% | 1.97% | 2.01% |
| Falkner | 0.90% | 1.65% | 1.93% | 1.97% | 1.99% |
| Hickory Flat | 0.83% | 1.04% | 1.92% | 1.97% | 2.14% |
| Lamar | 0.84% | 1.00% | 1.92% | 1.93% | 1.98% |
| Michigan City | 0.87% | 1.14% | 1.92% | 1.94% | 1.98% |
| Myrtle | 0.88% | 1.92% | 1.97% | 1.97% | 1.98% |
| Potts Camp | 0.87% | 1.02% | 1.92% | 1.94% | 2.00% |
| Ripley | 0.50% | 0.87% | 1.07% | 1.92% | 2.00% |
| Bluff | N/A | N/A | N/A | N/A | N/A |
| Canaan | N/A | N/A | N/A | N/A | N/A |
| Holly Springs | N/A | N/A | N/A | N/A | N/A |
| Walnut | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Benton County, Mississippi
When examining property taxes in Benton County, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Benton County Tax Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
Assessment notices in Benton County are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Benton County.
For example, the median tax bill in Benton County is $349, with tax bills ranging significantly across the county. Michigan City has the highest median home price at $30,440.
Property Tax Assessment Values Across Benton County, Mississippi
Source: Ownwell
$14,120
$22,280
$30,440
Median Benton County Market Value
$21,390
Median Mississippi Market Value
$68,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Benton County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ashland | $1,310 | $2,860 | $19,250 | $50,185 | $89,470 |
| Blue Mountain | $2,178 | $8,180 | $25,460 | $53,830 | $84,570 |
| Falkner | $1,050 | $3,780 | $14,120 | $43,170 | $88,310 |
| Hickory Flat | $1,527 | $6,925 | $28,565 | $61,450 | $94,016 |
| Lamar | $1,414 | $6,150 | $28,190 | $56,260 | $91,038 |
| Michigan City | $1,243 | $6,075 | $30,440 | $60,445 | $107,444 |
| Myrtle | $1,416 | $6,605 | $23,545 | $36,880 | $95,408 |
| Potts Camp | $2,004 | $7,520 | $26,070 | $56,260 | $85,068 |
| Ripley | $1,524 | $4,160 | $25,235 | $70,450 | $107,034 |
| Bluff | N/A | N/A | N/A | N/A | N/A |
| Canaan | N/A | N/A | N/A | N/A | N/A |
| Holly Springs | N/A | N/A | N/A | N/A | N/A |
| Walnut | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Benton County, Mississippi
Median Benton County Tax Bill
$264
Median Mississippi Tax Bill
$854
Median United States Tax Bill
$2,400
Property Tax Bills Across Benton County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ashland | $23 | $47 | $246 | $632 | $1,321 |
| Blue Mountain | $38 | $103 | $286 | $562 | $1,356 |
| Falkner | $11 | $62 | $154 | $459 | $1,082 |
| Hickory Flat | $22 | $102 | $349 | $712 | $1,357 |
| Lamar | $16 | $79 | $300 | $708 | $1,357 |
| Michigan City | $20 | $80 | $340 | $838 | $1,600 |
| Myrtle | $39 | $132 | $312 | $621 | $1,149 |
| Potts Camp | $29 | $77 | $266 | $644 | $1,143 |
| Ripley | $14 | $71 | $193 | $655 | $918 |
| Bluff | N/A | N/A | N/A | N/A | N/A |
| Canaan | N/A | N/A | N/A | N/A | N/A |
| Holly Springs | N/A | N/A | N/A | N/A | N/A |
| Walnut | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell