Meridian, Lauderdale County, Mississippi Property Taxes

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

Median Meridian, MS effective property tax rate: 1.65%, significantly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Meridian, MS home value: $57,445
Median annual Meridian, MS tax bill: $852, $1,548 lower than the national median property tax bill of $2,400.

How are property taxes in Lauderdale County calculated?

Property taxes in Meridian, 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 Meridian’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Meridian, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Meridian, Lauderdale County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.65%

Estimate Property Tax Bill

$948

$880

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

Property Tax Rates Across Meridian, Lauderdale County, Mississippi

Local government entities set tax rates, which can vary widely within a state. Each year, counties estimate their required budget to provide public services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In Meridian, located in Lauderdale County, the effective property tax rate is a crucial factor for homeowners. Comparing Meridian’s rate to other cities in Mississippi reveals significant variations. For instance, the highest median tax rate in Mississippi is 2.12% in the 39307 ZIP code, while the lowest is 1.41% in the 39305 ZIP code. Meridian's rate, at 1.65%, sits between these extremes, higher than the national median property tax rate of 1.02%. This can result in a property tax bill that exceeds the national median of $2,400, depending on property values. Understanding these differences can help property owners make informed decisions and potentially save money through tax appeals or exemptions.

Property Tax Rates Across Meridian, Lauderdale County, Mississippi

Source: Ownwell

0.97%

1.54%

2.12%

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 Meridian Tax Rate

1.65%

Median Effective Lauderdale County Tax Rate

1.54%

Median Effective Mississippi Tax Rate

1.31%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Meridian, Lauderdale County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
39301	0.77%	0.98%	1.78%	2.67%	2.67%
39305	0.63%	0.94%	1.41%	1.78%	2.67%
39307	0.88%	1.37%	2.12%	2.67%	2.67%

Source: Ownwell

Property Tax Assessment Values Across Meridian, Lauderdale County, Mississippi

When examining property taxes in Meridian, 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 Lauderdale County appraisal district 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 Lauderdale County are sent in the spring each year and 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 Meridian. For example, the median home price in Meridian is $57,445, with tax bills ranging significantly across the county. Zip code 39305 has the highest median home price at $120,930.

Property Tax Assessment Values Across Meridian, Lauderdale County, Mississippi

Source: Ownwell

$36,385

$78,658

$120,930

Median Meridian Market Value

$57,445

Median Lauderdale County Market Value

$61,125

Median Mississippi Market Value

$68,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Meridian, Lauderdale County, Mississippi

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
39301	$2,880	$12,925	$36,385	$76,330	$139,631
39305	$36,350	$72,665	$120,930	$192,865	$281,050
39307	$5,820	$21,930	$42,480	$65,230	$96,304

Source: Ownwell

Property Tax Bills Across Meridian, Lauderdale County, Mississippi

In Meridian, located in Lauderdale County, Mississippi, 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 Meridian is $57,445, with property tax rates below the national median of 1.02%. Homeowners in Meridian face a median property tax bill that varies significantly, from the 25th percentile at $381 to the 90th percentile at $2,819, reflecting differences in property values and assessments. The highest median tax bill in the area is $1,645 in the 39305 zip code, while the lowest is $533 in the 39301 zip code. These variations can impact homeowners' budgets, making it essential to ensure that assessments are accurate and fair. Ownwell provides expert property tax appeal and exemption services to help homeowners in Meridian potentially lower their tax bills. By reviewing assessments and identifying discrepancies, Ownwell can assist in appealing for a fairer assessment, ultimately helping homeowners save money.

Property Tax Bills Across Meridian, Lauderdale County, Mississippi

Source: Ownwell

$447

$1,046

$1,645

Median Meridian Tax Bill

$852

Median Lauderdale County Tax Bill

$844

Median Mississippi Tax Bill

$854

Median United States Tax Bill

$2,400

Property Tax Bills Across Meridian, Lauderdale County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
39301	$68	$215	$533	$1,058	$1,822
39305	$376	$873	$1,645	$2,701	$4,225
39307	$120	$372	$728	$1,143	$1,629

Source: Ownwell