Calhoun County Property Taxes
The median property tax rate in Calhoun County is 1.03%, which is slightly higher than the national median of 0.99% but lower than the Mississippi state median of 1.31%. With a median home value of $55,127 in Calhoun County, the typical annual property tax bill is $645, significantly below the national median of $2,690. Property taxes in Calhoun County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Calhoun County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you live in Pittsboro or another part of Calhoun County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Calhoun County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$568
Ownwell’s Calhoun Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Calhoun with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Calhoun 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 Calhoun County, Mississippi
Property taxes in Calhoun County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Calhoun County is 1.03%, which is higher than the U.S. national median of 0.99%. Local government entities within Calhoun County set these rates annually, and they can vary significantly between different areas within the county. Each year, Calhoun 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 Calhoun County's effective property tax rate with other counties in Mississippi and the national median. For comparison, the city of Derma has one of the higher property tax rates in Mississippi at 1.78%, while the city of Water Valley boasts one of the lowest at 0.86%. Analyzing how Calhoun County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Calhoun County Tax Rate
1.03%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Calhoun County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Banner | 0.50% | 0.79% | 1.00% | 1.79% | 1.79% |
| Big Creek | 0.65% | 0.79% | 1.78% | 1.79% | 1.79% |
| Bruce | 0.46% | 0.79% | 1.05% | 1.79% | 1.79% |
| Calhoun City | 0.50% | 0.79% | 1.01% | 1.79% | 1.79% |
| Derma | 0.78% | 0.94% | 1.78% | 1.79% | 1.79% |
| Eupora | 0.78% | 0.79% | 0.88% | 1.20% | 1.78% |
| Gore Springs | 0.49% | 0.79% | 1.78% | 1.78% | 1.79% |
| Houlka | 0.32% | 0.78% | 0.92% | 1.79% | 1.79% |
| Houston | 0.83% | 0.87% | 0.97% | 0.98% | 1.46% |
| Pittsboro | 0.48% | 0.78% | 1.02% | 1.79% | 1.79% |
| Randolph | 0.59% | 0.79% | 1.00% | 1.79% | 1.79% |
| Vardaman | 0.53% | 0.78% | 0.96% | 1.79% | 1.79% |
| Water Valley | 0.47% | 0.78% | 0.86% | 1.10% | 1.79% |
Source: Ownwell
Property Tax Assessment Values Across Calhoun County, Mississippi
In Calhoun 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 Calhoun 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 Calhoun 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, Houston has the highest median tax bill at $1,269, while Gore Springs has the lowest at $341. Being aware of these valuation processes in Calhoun 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 Calhoun County, Mississippi
Source: Ownwell
$48,136
$71,786
$95,435
Average Calhoun County Assessed Value
$55,127
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Calhoun County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Banner | $19,552 | $34,408 | $60,063 | $100,208 | $149,984 |
| Big Creek | $12,316 | $28,752 | $53,265 | $79,623 | $131,935 |
| Bruce | $20,304 | $33,903 | $59,785 | $104,117 | $159,084 |
| Calhoun City | $20,658 | $37,637 | $56,322 | $92,636 | $151,510 |
| Derma | $14,310 | $30,448 | $49,495 | $59,441 | $89,157 |
| Eupora | $24,340 | $39,405 | $60,828 | $94,703 | $112,097 |
| Gore Springs | $8,719 | $33,607 | $48,136 | $56,203 | $81,141 |
| Houlka | $16,713 | $28,651 | $59,594 | $95,400 | $148,934 |
| Houston | $53,495 | $68,747 | $95,435 | $130,738 | $134,962 |
| Pittsboro | $10,834 | $25,602 | $51,418 | $87,719 | $139,222 |
| Randolph | $24,553 | $37,556 | $57,448 | $95,537 | $157,175 |
| Vardaman | $14,886 | $30,988 | $51,907 | $81,555 | $133,790 |
| Water Valley | $17,744 | $35,697 | $72,964 | $109,853 | $176,385 |
Source: Ownwell
Property Tax Bills Across Calhoun County, Mississippi
In Calhoun County, Mississippi, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is determined by the local tax assessor and is a percentage of the market value of the home. Various factors such as the property's location, size, and condition are considered in this assessment. Homeowners in Calhoun County experience a range of property tax bills. At the 25th percentile, the tax bill is approximately $346, while at the 75th percentile, it rises to around $1084. For those in the 90th percentile, the tax bill can reach up to $1773. These figures show a significant variation depending on the property's assessed value and the corresponding tax rate applied. Compared to the national median property tax rate of 0.99%, Calhoun County offers relatively lower property taxes, which can be a financial relief for homeowners. However, it's important for property owners to stay informed about their assessed values and any potential exemptions they may qualify for to ensure they are not overpaying.
Average Calhoun County Tax Bill
$645
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Calhoun County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Banner | $163 | $317 | $657 | $1,315 | $1,855 |
| Big Creek | $145 | $286 | $540 | $1,098 | $1,739 |
| Bruce | $211 | $393 | $691 | $1,181 | $1,977 |
| Calhoun City | $176 | $380 | $700 | $1,088 | $1,749 |
| Derma | $185 | $365 | $698 | $950 | $1,119 |
| Eupora | $218 | $306 | $821 | $1,000 | $2,508 |
| Gore Springs | $139 | $296 | $341 | $898 | $1,143 |
| Houlka | $135 | $284 | $550 | $1,098 | $1,665 |
| Houston | $446 | $549 | $1,269 | $1,346 | $1,561 |
| Pittsboro | $117 | $265 | $566 | $1,101 | $1,728 |
| Randolph | $255 | $340 | $707 | $977 | $1,735 |
| Vardaman | $133 | $305 | $545 | $936 | $1,606 |
| Water Valley | $126 | $222 | $716 | $1,481 | $1,870 |
Source: Ownwell