Ridgeland, Madison County, Mississippi Property Taxes
Median Ridgeland, MS effective property tax rate: 0.92%, significantly lower than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Ridgeland, MS home value: $151,920
Median annual Ridgeland, MS tax bill: $1,592, $808 lower than the national median property tax bill of $2,400.
How are property taxes in Madison County calculated?
Property taxes in Ridgeland, 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 Ridgeland’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ridgeland, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ridgeland, Madison County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.92%
Estimate Property Tax Bill
$1,398
$1,297
Property Tax Rates Across Ridgeland, Madison County, Mississippi
Local government entities are responsible for setting property tax rates, which can vary significantly within a state. The process involves each county estimating its required budget to provide essential services and dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the core of the annual process.
In Ridgeland, located in Madison County, the effective property tax rate can be compared to other cities across Mississippi and the median property tax rates in the state and the U.S. Ridgeland's tax rate reflects the county's budgetary needs and the total assessed property value within its borders. Compared to the national median property tax rate of 1.02% and the national median property tax bill of $2,400, Ridgeland offers a unique perspective on how local economic factors influence property tax obligations. Understanding these variations can provide valuable insights for property owners seeking to manage their tax liabilities effectively.
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 Ridgeland Tax Rate
0.92%
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 Madison County Tax Rate
0.96%
Median Effective Mississippi Tax Rate
1.31%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ridgeland, Madison County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39157 | 0.58% | 0.77% | 0.92% | 1.62% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Ridgeland, Madison County, Mississippi
When examining property taxes in Ridgeland, 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 Madison 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.
In Madison County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Ridgeland.
For example, the median home price in Ridgeland is $151,920, with tax bills ranging significantly across the county. The 39157 zip code has the highest median home price at $151,920.
Property Tax Assessment Values Across Ridgeland, Madison County, Mississippi
Source: Ownwell
$32,770
$127,708
$222,645
Median Ridgeland Market Value
$151,920
Median Madison County Market Value
$167,330
Median Mississippi Market Value
$68,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ridgeland, Madison County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39157 | $76,520 | $103,260 | $151,920 | $262,250 | $447,590 |
Source: Ownwell
Property Tax Bills Across Ridgeland, Madison County, Mississippi
In Ridgeland, located in Madison County, MS, 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 this area is $151,920. Homeowners in this region can expect to pay property taxes that vary significantly, with tax bills ranging from the 25th percentile at $1,001 to the 90th percentile at $4,687. The median property tax bill stands at $1,592, which is notably lower than the national median of $2,400. This calculation considers factors such as the property's assessed value and applicable tax rates set by local authorities.
For homeowners, these taxes represent a significant expense, impacting their overall financial planning. Ownwell offers valuable assistance by identifying potential savings through property tax appeals and exemptions. By leveraging expert knowledge and local insights, Ownwell can help homeowners in Ridgeland potentially reduce their property tax bills, ensuring they pay a fair amount based on accurate property assessments.
Median Ridgeland Tax Bill
$1,592
Median Madison County Tax Bill
$1,681
Median Mississippi Tax Bill
$854
Median United States Tax Bill
$2,400
Property Tax Bills Across Ridgeland, Madison County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39157 | $611 | $1,001 | $1,592 | $2,701 | $4,687 |
Source: Ownwell