Desoto County, Mississippi Property Taxes

Name: Property Tax Bills Across Desoto County, Mississippi
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median DeSoto County effective property tax rate: 2.05%, significantly higher than the national median of 1.02%.
Median DeSoto County home value: $77,329
Median annual DeSoto County tax bill: $1,564, $836 lower than the national median property tax bill of $2,400.

How are property taxes in DeSoto County calculated?

Property taxes in DeSoto 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 Southaven or another part of DeSoto County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Desoto County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.05%

Estimate Property Tax Bill

$1,585

$1,471

Ownwell’s DeSoto County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in DeSoto County with just two data points. By entering your property's estimated assessed value, our calculator applies DeSoto 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 DeSoto County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Desoto 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. DeSoto County in Mississippi offers an intriguing case study. With a median property tax rate of 2.05%, it surpasses the national median property tax rate of 1.02%. This means residents here might pay more in property taxes compared to the national average. However, within DeSoto County, there's a range in tax rates. For instance, Horn Lake has the highest median tax rate at 2.23%, while Coldwater enjoys the lowest at 1.00%. Comparing these figures to the national median property tax bill of $2,400 provides further context. Understanding these differences can be crucial for homeowners and potential buyers when considering property investments in Mississippi.

Property Tax Rates Across Desoto County, Mississippi

Source: Ownwell

1.00%

1.62%

2.23%

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 Desoto County Tax Rate

2.05%

Median Effective Mississippi Tax Rate

1.31%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Desoto County, Mississippi

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Byhalia	0.59%	0.89%	1.00%	1.00%	1.50%
Coldwater	0.54%	0.59%	1.00%	1.00%	1.30%
Hernando	0.61%	1.00%	1.01%	1.50%	2.08%
Horn Lake	2.22%	2.23%	2.23%	2.23%	2.23%
Lake Cormorant	0.60%	1.00%	1.01%	1.44%	1.51%
Nesbit	0.87%	1.00%	1.01%	1.45%	1.51%
Olive Branch	1.01%	1.36%	2.05%	2.05%	2.05%
Southaven	1.30%	2.17%	2.18%	2.18%	2.19%
Walls	1.01%	1.44%	1.51%	2.16%	2.16%

Source: Ownwell

Property Tax Assessment Values Across Desoto County, Mississippi

When examining property taxes in DeSoto 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 DeSoto 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.

In DeSoto County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 DeSoto County. For example, the median tax bill in DeSoto County is $1,000, with tax bills ranging significantly across the county. Olive Branch has the highest median home price at $114,854.

Property Tax Assessment Values Across Desoto County, Mississippi

Source: Ownwell

$35,000

$93,307

$151,613

Median Desoto County Market Value

$77,329

Median Mississippi Market Value

$68,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Desoto County, Mississippi

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Byhalia	$15,000	$26,456	$37,410	$63,785	$249,418
Coldwater	$19,692	$32,975	$44,780	$62,020	$70,749
Hernando	$6,000	$13,365	$38,520	$95,726	$179,154
Horn Lake	$53,768	$60,098	$67,458	$80,495	$102,349
Lake Cormorant	$21,048	$31,854	$45,383	$99,523	$205,995
Nesbit	$10,057	$20,000	$35,000	$103,242	$209,263
Olive Branch	$30,000	$74,967	$114,854	$147,204	$227,266
Southaven	$30,000	$62,941	$98,136	$138,449	$160,294
Walls	$22,573	$73,568	$105,303	$129,635	$164,493

Source: Ownwell

Property Tax Bills Across Desoto County, Mississippi

In DeSoto County, Mississippi, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is typically a percentage of the property's market value, which is determined by local tax assessors. The tax rate, or millage rate, is then applied to this assessed value to calculate the annual tax bill. Factors such as property location and local government budgets influence the millage rate, which can vary across different areas within the county.

For homeowners in DeSoto County, the median property tax bill is significantly lower than the national median of $2,400. While the 25th percentile tax bill is $512, the 75th percentile reaches $2,381, and the 90th percentile is $3,047. This range indicates a variation in tax burdens depending on property values and specific locations within the county. Olive Branch has the highest median tax bill at $2,250, whereas Byhalia has the lowest at $350. These differences highlight how property taxes can impact homeowners differently, depending on where they reside within the county.

Property Tax Bills Across Desoto County, Mississippi

Source: Ownwell

$350

$1,639

$2,928

Median Desoto County Tax Bill

$1,564

Median Mississippi Tax Bill

$854

Median United States Tax Bill

$2,400

Property Tax Bills Across Desoto County, Mississippi

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Byhalia	$150	$224	$350	$584	$2,204
Coldwater	$143	$226	$360	$499	$755
Hernando	$61	$134	$375	$1,429	$2,736
Horn Lake	$1,172	$1,326	$1,497	$1,782	$2,251
Lake Cormorant	$189	$283	$425	$993	$2,466
Nesbit	$122	$200	$375	$1,220	$2,273
Olive Branch	$368	$1,426	$2,250	$2,792	$3,463
Southaven	$370	$1,319	$1,987	$2,643	$3,199
Walls	$236	$1,081	$1,672	$2,081	$3,201

Source: Ownwell