Coahoma County, Mississippi Property Taxes
The median property tax rate in Coahoma County is 1.87%, which is significantly higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Coahoma County, the typical annual property tax bill reaches $908, which is below the national median of $2,690. Property taxes in Coahoma County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Coahoma 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 Clarksdale or another part of Coahoma County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Coahoma County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.87%
Estimate Property Tax Bill
$723
$671
Ownwell’s Coahoma Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Coahoma with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Coahoma 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 Coahoma County, Mississippi
Property taxes in Coahoma County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Coahoma County is 1.87%, which is higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Coahoma County set these rates annually, and they can vary significantly between different areas within the county. Each year, Coahoma 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 Jonestown has one of the higher property tax rates in Mississippi at 3.42%, while the city of Tutwiler boasts one of the lowest at 1.00%. Analyzing how Coahoma County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Coahoma County Tax Rate
1.87%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coahoma County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alligator | 0.67% | 0.76% | 1.48% | 1.52% | 1.63% |
| Clarksdale | 0.80% | 1.63% | 3.37% | 3.37% | 3.37% |
| Coahoma | 0.72% | 1.12% | 1.63% | 2.29% | 2.29% |
| Dublin | N/A | N/A | N/A | N/A | N/A |
| Dundee | 0.68% | 0.92% | 1.63% | 1.63% | 1.63% |
| Friars Point | 1.65% | 1.74% | 3.22% | 3.22% | 3.22% |
| Jonestown | 1.86% | 1.87% | 3.42% | 3.42% | 3.42% |
| Lula | 0.94% | 0.95% | 2.04% | 2.04% | 2.04% |
| Lyon | 0.60% | 1.13% | 1.63% | 1.63% | 3.08% |
| Rena Lara | N/A | N/A | N/A | N/A | N/A |
| Tutwiler | 0.60% | 0.87% | 1.00% | 1.64% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Coahoma County, Mississippi
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Coahoma. 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 Coahoma 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 Coahoma 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 highest median tax bill in Coahoma is in Tutwiler at $1,892, while the lowest is in Alligator at $353. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Coahoma County, Mississippi
Source: Ownwell
$23,510
$75,961
$128,412
Average Coahoma County Assessed Value
$38,666
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coahoma County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alligator | $8,977 | $17,204 | $31,032 | $56,665 | $97,187 |
| Clarksdale | $11,515 | $22,456 | $39,614 | $75,135 | $193,723 |
| Coahoma | $7,000 | $15,069 | $28,821 | $48,898 | $85,267 |
| Dublin | N/A | N/A | N/A | N/A | N/A |
| Dundee | $20,044 | $43,832 | $128,412 | $232,604 | $392,025 |
| Friars Point | $9,208 | $13,238 | $24,214 | $45,676 | $56,351 |
| Jonestown | $4,959 | $7,616 | $23,510 | $43,802 | $55,724 |
| Lula | $14,921 | $25,882 | $38,470 | $55,188 | $65,725 |
| Lyon | $12,110 | $23,269 | $36,802 | $77,227 | $147,839 |
| Rena Lara | N/A | N/A | N/A | N/A | N/A |
| Tutwiler | $20,245 | $52,280 | $113,651 | $244,564 | $277,500 |
Source: Ownwell
Property Tax Bills Across Coahoma County, Mississippi
In Coahoma County, MS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Coahoma County stands at $38,666. Tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including local tax rates, property assessments, and any applicable exemptions or abatements. Homeowners in Coahoma County can expect a wide range of tax bills. For instance, the tax bill at the 25th percentile is $402, while at the 75th percentile, it rises to $1,662, and at the 90th percentile, it reaches $3,080. The highest median tax bill is $1,892 in Tutwiler, whereas the lowest is $353 in Alligator. These figures highlight the variability in property tax burdens within the county. Compared to the national median property tax rate of 0.99%, Coahoma County's rates reflect the local economic conditions and property values, affecting homeowners' annual financial obligations significantly.
Average Coahoma County Tax Bill
$908
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Coahoma County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alligator | $106 | $179 | $353 | $582 | $1,020 |
| Clarksdale | $200 | $539 | $1,005 | $1,747 | $3,165 |
| Coahoma | $103 | $198 | $412 | $690 | $1,245 |
| Dublin | N/A | N/A | N/A | N/A | N/A |
| Dundee | $302 | $647 | $1,819 | $3,186 | $5,017 |
| Friars Point | $184 | $290 | $613 | $1,143 | $1,542 |
| Jonestown | $130 | $210 | $624 | $1,169 | $1,557 |
| Lula | $147 | $541 | $674 | $851 | $949 |
| Lyon | $101 | $215 | $570 | $1,460 | $2,954 |
| Rena Lara | N/A | N/A | N/A | N/A | N/A |
| Tutwiler | $209 | $510 | $1,892 | $2,663 | $4,287 |
Source: Ownwell