Holcomb, Grenada County, Mississippi Property Taxes
Median HOLCOMB, MS effective property tax rate: 0.91%, significantly lower than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median HOLCOMB, MS home value: $54,527
Median annual HOLCOMB, MS tax bill: $491, $1,909 lower than the national median property tax bill of $2,400.
How are property taxes in Grenada calculated?
Property taxes in HOLCOMB, MS 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 HOLCOMB’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in HOLCOMB, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Holcomb, Grenada County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.91%
Estimate Property Tax Bill
$496
$460
Property Tax Rates Across Holcomb, Grenada County, Mississippi
Local government entities determine property tax rates, and these can differ significantly across regions. Each year, counties calculate their necessary budgets for public services and divide this by the total assessed value of all taxable properties in their area, resulting in the property tax rate. Although laws and public votes play a role in shaping these rates and budgets, this is essentially the annual procedure.
In Holcomb, located in Grenada County, Mississippi, the effective property tax rate is 0.91%. This rate is notably lower than the national median property tax rate of 1.02%. When compared to other cities within Mississippi, Holcomb's tax rate aligns with the state's median, demonstrating a consistent approach to property taxation in the region.
For residents, understanding how these rates are established can provide insight into their annual tax bills and the funding of local services. By comparing Holcomb's effective property tax rate to both state and national figures, property owners can better assess their tax obligations and the value of services received.
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 Holcomb Taxx Rate
0.91%
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 Grenada County Taxx Rate
0.92%
Median Effective Mississippi Tax Rate
1.31%
Median Effective United States Tax Rate
0.99%
Property Tax Rates Across Holcomb, Grenada County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38940 | 0.40% | 0.64% | 0.91% | 1.57% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Holcomb, Grenada County, Mississippi
When examining property taxes in Holcomb, Mississippi, 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 Grenada County Assessor's Office 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 Grenada 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 Holcomb.
For example, the median home price in Holcomb is $54,527, with tax bills ranging significantly across the county. Zip code 38940 has the highest median home price at $54,527.
Property Tax Assessment Values Across Holcomb, Grenada County, Mississippi
Source: Ownwell
$17,675
$42,973
$68,270
Median Holcomb Market Value
$54,527
Median Grenada County Market Value
$62,731
Median Mississippi Market Value
$68,000
Median United States Market Value
$244,900
Property Tax Assessment Values Across Holcomb, Grenada County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38940 | $11,850 | $26,036 | $54,527 | $108,340 | $192,747 |
Source: Ownwell
Property Tax Bills Across Holcomb, Grenada County, Mississippi
Median Holcomb Tax Bill
$491
Median Grenada County Tax Bill
$583
Median Mississippi Tax Bill
$854
Median United States Tax Bill
$2,690
Property Tax Bills Across Holcomb, Grenada County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38940 | $117 | $237 | $491 | $993 | $1,880 |
Source: Ownwell