Walnut Grove, Leake County, Mississippi Property Taxes
Median Walnut Grove, MS effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Walnut Grove, MS home value: $56,950
Median annual Walnut Grove, MS tax bill: $476, $1,924 lower than the national median property tax bill of $2,400.
How are property taxes in Leake County calculated?
Property taxes in Walnut Grove, 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 Walnut Grove’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Walnut Grove, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Walnut Grove, Leake County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.83%
Estimate Property Tax Bill
$473
$439
Property Tax Rates Across Walnut Grove, Leake County, Mississippi
Local government entities set tax rates, which can vary widely within Mississippi. Why? Because annually, 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 Walnut Grove’s effective property tax rate to other cities in Mississippi and the median property tax rates in Mississippi and the U.S. Mississippi’s median property tax rate stands at 0.83%. In Walnut Grove, located in Leake County, the property tax rate aligns with the state median. Compared to the national median property tax rate of 1.02%, Walnut Grove’s rate offers a more favorable tax environment. This can result in significant savings on your annual tax bill compared to the national median property tax bill of $2400. For property owners in Walnut Grove, this means more manageable tax expenses, making it an attractive location for those seeking lower property tax rates.
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 Walnut Grove Tax Rate
0.83%
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%
Median Effective Mississippi Tax Rate
1.31%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Walnut Grove, Leake County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39189 | 0.24% | 0.71% | 0.83% | 1.02% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Walnut Grove, Leake County, Mississippi
When examining property taxes in Walnut Grove, 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.
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 Walnut Grove.
For example, the median home price in Walnut Grove is $56,950, with tax bills ranging significantly across the county. Zip code 39189 has the highest median home price at $56,950.
Property Tax Assessment Values Across Walnut Grove, Leake County, Mississippi
Source: Ownwell
$49,890
$58,995
$68,100
Median Walnut Grove Market Value
$56,950
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 Walnut Grove, Leake County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39189 | $16,390 | $34,970 | $56,950 | $95,030 | $152,820 |
Source: Ownwell
Property Tax Bills Across Walnut Grove, Leake County, Mississippi
In Walnut Grove, MS, property tax bills are calculated based on the assessed value of the property, which is determined by the Leake County Tax Assessor's office. The assessed value is a percentage of the market value, which is influenced by factors such as location, property size, and improvements. Homeowners in Walnut Grove face a median property tax bill of $476, significantly lower than the national median of $2,400. However, tax bills can vary, with the 25th percentile at $255 and the 90th percentile reaching $1,860.
For homeowners, high property taxes can impact affordability and financial planning. That's where Ownwell comes in. By providing expert property tax appeal and exemption services, Ownwell can help homeowners potentially reduce their tax burdens. Our team analyzes your property's assessed value, identifies discrepancies, and advocates on your behalf to ensure you are not overpaying. With Ownwell's assistance, homeowners in Walnut Grove can achieve significant savings on their property tax bills, enhancing their financial well-being.
Median Walnut Grove Tax Bill
$476
Median Leake County Tax Bill
$579
Median Mississippi Tax Bill
$854
Median United States Tax Bill
$2,400
Property Tax Bills Across Walnut Grove, Leake County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39189 | $86 | $255 | $476 | $968 | $1,860 |
Source: Ownwell