Leake County, Mississippi Property Taxes
Median Leake County effective property tax rate: 0.86%, significantly lower than the national median of 1.02%.
Median Leake County home value: $64,340
Median annual Leake County tax bill: $579, $1,821 lower than the national median property tax bill of $2,400.
How are property taxes in Leake County calculated?
Property taxes in Leake 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 Carthage or another part of Leake County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Leake County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.86%
Estimate Property Tax Bill
$553
$513
Property Tax Rates Across Leake County, Mississippi
Local government entities set tax rates, which can vary widely within a state. 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.
Below, you can compare Leake County's effective property tax rate to other counties in Mississippi or the U.S. median property tax rate. Leake County has a median property tax rate of 0.86%, which is below the national median of 1.02%. Within Mississippi, Carthage holds the highest median tax rate at 0.87%, while Kosciusko has the lowest at 0.83%. This variation highlights how property tax rates can differ even within the same state, influenced by local budgetary needs and property values. Understanding these rates is crucial for property owners aiming to manage their tax liabilities effectively. By comparing these figures, residents can gain insight into how their taxes stack up against other areas, both locally and nationally.
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 Leake County Tax Rate
0.86%
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 Mississippi Tax Rate
1.31%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Leake County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carthage | 0.32% | 0.78% | 0.87% | 1.08% | 1.26% |
| Kosciusko | 0.37% | 0.75% | 0.83% | 0.99% | 1.18% |
| Lena | 0.30% | 0.80% | 0.84% | 0.98% | 1.13% |
| Thomastown | N/A | N/A | N/A | N/A | N/A |
| Walnut Grove | 0.24% | 0.71% | 0.83% | 1.02% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Leake County, Mississippi
When examining property taxes in Leake 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 Leake 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:
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 Leake County.
For example, the median tax bill in Leake County is $618, with tax bills ranging significantly across the county. Carthage has the highest median home price at $68,100.
Median Leake County Market Value
$64,340
Median Mississippi Market Value
$68,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Leake County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carthage | $21,951 | $45,015 | $68,100 | $109,820 | $168,803 |
| Kosciusko | $18,448 | $36,180 | $49,890 | $79,100 | $129,690 |
| Lena | $19,075 | $34,928 | $58,055 | $88,320 | $149,235 |
| Thomastown | N/A | N/A | N/A | N/A | N/A |
| Walnut Grove | $16,390 | $34,970 | $56,950 | $95,030 | $152,820 |
Source: Ownwell
Property Tax Bills Across Leake County, Mississippi
Median Leake County Tax Bill
$579
Median Mississippi Tax Bill
$854
Median United States Tax Bill
$2,400
Property Tax Bills Across Leake County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carthage | $121 | $342 | $618 | $1,186 | $2,009 |
| Kosciusko | $127 | $304 | $461 | $831 | $1,563 |
| Lena | $120 | $250 | $482 | $900 | $1,641 |
| Thomastown | N/A | N/A | N/A | N/A | N/A |
| Walnut Grove | $86 | $255 | $476 | $968 | $1,860 |
Source: Ownwell