Lena, Leake County, Mississippi Property Taxes

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

Median Lena, MS effective property tax rate: 0.84%, significantly lower than the national median of 1.02%, but lower than the Mississippi state median of 1.31%. Median Lena, MS home value: $58,055. Median annual Lena, MS tax bill: $482, $1,918 lower than the national median property tax bill of $2,400.

How are property taxes in Leake calculated?

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

Last Updated March 1, 2025

Lena, Leake County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.84%

Estimate Property Tax Bill

$488

$453

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

Property Tax Rates Across Lena, Leake County, Mississippi

Local government entities set property tax rates, which can significantly differ within a state. This variation arises because each county, like 28079 in Mississippi, annually calculates its budget needs to fund essential services. This budget is then divided by the total assessed value of all taxable properties in the area, determining the property tax rate. While the process involves votes and legal stipulations, this is the essence of how property taxes are calculated each year. In Lena, the effective property tax rate provides a unique perspective when compared to other cities within Mississippi and the broader national landscape. With Mississippi's median property tax rate at 0.84%, it stands below the national median of 1.02%. This lower rate can be an attractive factor for property owners in Lena and surrounding areas. Understanding these nuances can help property owners make informed decisions about their investments and potential tax liabilities.

Property Tax Rates Across Lena, Leake County, Mississippi

Source: Ownwell

0.83%

0.85%

0.87%

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 Lena Taxx Rate

0.84%

Median Effective Leake County Taxx Rate

0.86%

Median Effective Mississippi Tax Rate

1.31%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Lena, Leake County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
39094	0.30%	0.80%	0.84%	0.98%	1.13%

Source: Ownwell

Property Tax Assessment Values Across Lena, Leake County, Mississippi

When examining property taxes in Lena, MS, 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: In Leake 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 Lena. For example, the median home price in Lena is $58,055, with tax bills ranging significantly across the county. Zip code 39094 has the highest median home price at $58,055.

Property Tax Assessment Values Across Lena, Leake County, Mississippi

Source: Ownwell

$49,890

$58,995

$68,100

Median Lena Market Value

$58,055

Median Leake County Market Value

$64,340

Median Mississippi Market Value

$68,000

Median United States Market Value

$244,900

Property Tax Assessment Values Across Lena, Leake County, Mississippi

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
39094	$19,075	$34,928	$58,055	$88,320	$149,235

Source: Ownwell

Property Tax Bills Across Lena, Leake County, Mississippi

In Lena, located in Leake County, MS, property tax bills are calculated based on the assessed value of a home, which is a fraction of its market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Lena, the median property tax bill is significantly lower than the national median, reflecting the area's lower home values. The tax bills in Lena range from the 25th percentile at $250 to the 90th percentile at $1,641. Homeowners might find these taxes manageable, but any increase can still impact their finances. Ownwell offers a solution by providing property tax appeal services, helping homeowners ensure their property is assessed fairly. By leveraging expert knowledge and local data, Ownwell can potentially lower tax bills, offering peace of mind and financial relief. Homeowners in Lena can benefit from these services to ensure they are not overpaying on their property taxes.

Property Tax Bills Across Lena, Leake County, Mississippi

Source: Ownwell

$461

$540

$618

Median Lena Tax Bill

$482

Median Leake County Tax Bill

$579

Median Mississippi Tax Bill

$854

Median United States Tax Bill

$2,690

Property Tax Bills Across Lena, Leake County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
39094	$120	$250	$482	$900	$1,641

Source: Ownwell