Lafayette County, Mississippi Property Taxes

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

Median Lafayette County effective property tax rate: 1.26%, significantly higher than the national median of 1.02%.
Median Lafayette County home value: $152,030
Median annual Lafayette County tax bill: $1,959, $441 lower than the national median property tax bill of $2,400.

How are property taxes in Lafayette County calculated?

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

Last Updated March 1, 2025

Lafayette County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.26%

Estimate Property Tax Bill

$1,916

$1,778

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

Property Tax Rates Across Lafayette County, Mississippi

Local government entities set tax rates, and these can vary significantly within a state. Each year, counties like Lafayette in Mississippi estimate the budget needed to provide essential services. This budget is then divided by the total value of all taxable property within the county's jurisdiction, resulting in the property tax rate. While votes and legislation play a role in determining these rates and budgets, this is the core process followed annually. Lafayette County's effective property tax rate is higher than the national median property tax rate of 1.02%. The highest median tax rate in the county is found in Como at 1.60%, while the lowest is in Banner at 0.69%. These variations illustrate the diverse tax landscape within the county. Comparing Lafayette County's rates to the national median offers insight into how local tax rates can impact property owners. Understanding these differences can help property owners make informed decisions about property tax appeals and exemptions.

Property Tax Rates Across Lafayette County, Mississippi

Source: Ownwell

0.69%

1.15%

1.60%

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 Lafayette County Tax Rate

1.26%

Median Effective Mississippi Tax Rate

1.31%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lafayette County, Mississippi

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Abbeville	0.59%	0.71%	0.98%	1.60%	1.62%
Banner	0.17%	0.19%	0.69%	0.98%	1.60%
Batesville	0.63%	0.66%	1.49%	1.60%	1.60%
Bruce	0.25%	0.56%	0.78%	1.60%	1.60%
Como	0.65%	0.72%	1.60%	1.60%	1.60%
Etta	0.59%	0.67%	0.84%	1.60%	1.60%
Oxford	0.68%	0.89%	1.35%	1.95%	1.95%
Paris	0.57%	0.66%	0.86%	1.60%	1.60%
Pontotoc	0.13%	0.66%	0.83%	1.60%	1.60%
Taylor	0.65%	0.75%	0.93%	1.60%	1.74%
Thaxton	0.32%	0.66%	0.82%	1.60%	1.61%
Waterford	0.63%	0.72%	0.95%	1.60%	1.60%
Water Valley	0.48%	0.67%	0.88%	1.60%	1.60%
University	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Lafayette County, Mississippi

When examining property taxes in Lafayette 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 Lafayette 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.

Assessment notices: In Lafayette 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 Lafayette County. For example, the median tax bill in Lafayette County is $2,173, with tax bills ranging significantly across the county. Oxford has the highest median home price at $164,010.

Property Tax Assessment Values Across Lafayette County, Mississippi

Source: Ownwell

$28,390

$96,200

$164,010

Median Lafayette County Market Value

$152,030

Median Mississippi Market Value

$68,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lafayette County, Mississippi

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Abbeville	$12,554	$24,838	$58,555	$112,928	$187,324
Banner	$19,767	$37,642	$53,865	$74,810	$80,351
Batesville	$11,294	$17,850	$38,000	$67,835	$111,168
Bruce	$29,690	$39,448	$67,625	$91,928	$101,790
Como	$9,142	$15,065	$28,390	$61,668	$100,054
Etta	$13,606	$22,440	$71,820	$119,310	$211,216
Oxford	$57,034	$98,612	$164,010	$248,672	$382,855
Paris	$20,535	$38,678	$68,335	$105,465	$144,665
Pontotoc	$36,098	$45,430	$79,480	$101,190	$214,604
Taylor	$23,272	$54,205	$123,915	$215,932	$271,470
Thaxton	$12,564	$32,382	$58,080	$98,118	$116,292
Waterford	$12,390	$19,950	$50,820	$92,745	$158,900
Water Valley	$15,878	$36,220	$80,160	$143,450	$225,950
University	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Lafayette County, Mississippi

In Lafayette County, Mississippi, property tax bills are determined by assessing the market value of a home and applying the county's tax rate. With a median home price of $152,030, homeowners can expect their tax bills to align closely with the national median property tax bill of $2,400. However, the actual tax bills in Lafayette County vary significantly, ranging from the 25th percentile at $1,032 to the 90th percentile at $5,058. The highest median tax bill is found in Oxford at $2,173, while Como boasts the lowest at $304. These variations reflect differences in property values and local tax rates within the county. Homeowners in Lafayette County may experience a lower property tax burden compared to the national median property tax rate of 1.02%, due to Mississippi's generally lower tax rates. Understanding these factors is crucial for homeowners as property taxes can significantly impact the overall cost of homeownership, influencing decisions on purchasing or maintaining a property in the area.

Property Tax Bills Across Lafayette County, Mississippi

Source: Ownwell

$304

$1,239

$2,173

Median Lafayette County Tax Bill

$1,959

Median Mississippi Tax Bill

$854

Median United States Tax Bill

$2,400

Property Tax Bills Across Lafayette County, Mississippi

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Abbeville	$133	$296	$629	$1,241	$2,020
Banner	$125	$177	$314	$423	$968
Batesville	$113	$185	$406	$731	$1,442
Bruce	$182	$230	$437	$816	$1,146
Como	$104	$174	$304	$639	$1,207
Etta	$112	$313	$583	$1,424	$1,965
Oxford	$568	$1,283	$2,173	$3,429	$5,319
Paris	$151	$343	$646	$1,218	$1,654
Pontotoc	$113	$287	$468	$1,024	$2,147
Taylor	$225	$520	$1,502	$2,112	$3,611
Thaxton	$98	$270	$438	$891	$1,270
Waterford	$155	$264	$485	$1,088	$2,248
Water Valley	$161	$305	$741	$1,461	$2,349
University	N/A	N/A	N/A	N/A	N/A

Source: Ownwell