Grenada County, Mississippi Property Taxes
The median property tax rate in Grenada is 0.92%, which is lower than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Grenada, the typical annual property tax bill is $583, significantly below the national median of $2,690. Property taxes in Grenada are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Grenada's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Grenada or another part of the county, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grenada County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$577
$536
Ownwell’s Grenada County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grenada County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Grenada 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 Grenada County, Mississippi
Property taxes in Grenada County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Grenada County is 0.92%, which is lower than the U.S. national median of 0.99%. Local government entities within Grenada County set these rates annually, and they can vary significantly between different areas within the county. Each year, Grenada 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 Grenada County's effective property tax rate with other counties and the national median. For comparison, the city of Coffeeville has one of the higher property tax rates in the region at 1.57%, while the city of Big Creek boasts one of the lowest at 0.66%. Analyzing how Grenada County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Grenada County Tax Rate
0.92%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grenada County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Big Creek | 0.23% | 0.46% | 0.66% | 1.34% | 1.57% |
| Coffeeville | 0.62% | 0.83% | 1.57% | 1.57% | 1.57% |
| Duck Hill | 0.31% | 0.64% | 0.79% | 1.57% | 1.57% |
| Gore Springs | 0.45% | 0.64% | 1.57% | 1.57% | 1.57% |
| Grenada | 0.42% | 0.64% | 0.89% | 1.54% | 1.54% |
| Holcomb | 0.40% | 0.64% | 0.91% | 1.57% | 1.59% |
| Scobey | 0.57% | 0.64% | 0.78% | 1.57% | 1.59% |
| Tillatoba | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Grenada County, Mississippi
In Grenada 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 Grenada 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 Grenada 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. Grenada County's median home price is $62,731, with the highest median tax bill in Grenada city at $640 and the lowest in Coffeeville at $234. 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 Grenada County, Mississippi
Source: Ownwell
$17,675
$42,973
$68,270
Average Grenada County Assessed Value
$62,731
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grenada County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Big Creek | $12,890 | $26,050 | $61,730 | $91,434 | $136,533 |
| Coffeeville | $3,774 | $6,800 | $17,675 | $45,170 | $91,477 |
| Duck Hill | $10,586 | $25,863 | $65,071 | $96,850 | $131,621 |
| Gore Springs | $5,288 | $12,372 | $34,037 | $64,276 | $111,453 |
| Grenada | $16,599 | $40,112 | $68,246 | $120,496 | $198,880 |
| Holcomb | $11,850 | $26,036 | $54,527 | $108,340 | $192,747 |
| Scobey | $13,604 | $26,098 | $57,608 | $80,630 | $129,858 |
| Tillatoba | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Grenada County, Mississippi
Property tax bills in Grenada County, Mississippi are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Grenada County is $62,731. Tax rates are applied to the assessed value to determine the final tax bill. Various factors influence this calculation, including property location, market conditions, and local tax rates. For instance, in Grenada, the city with the highest median tax bill, homeowners pay around $640, whereas in Coffeeville, the lowest median tax bill is $234. The tax bills can range significantly, with the 25th percentile at $301 and the 75th percentile at $1049, reaching up to $1792 at the 90th percentile. These property taxes are essential for funding local services such as schools, public safety, and infrastructure. Homeowners must budget for these taxes as part of their annual expenses, ensuring they can meet their financial obligations while supporting community services.
Average Grenada County Tax Bill
$583
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Grenada County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Big Creek | $165 | $331 | $597 | $777 | $972 |
| Coffeeville | $34 | $85 | $234 | $448 | $738 |
| Duck Hill | $81 | $226 | $429 | $746 | $1,164 |
| Gore Springs | $62 | $123 | $293 | $624 | $1,184 |
| Grenada | $147 | $353 | $640 | $1,116 | $1,886 |
| Holcomb | $117 | $237 | $491 | $993 | $1,880 |
| Scobey | $140 | $263 | $494 | $825 | $1,256 |
| Tillatoba | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell