Marshall County, Mississippi Property Taxes

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

Median Marshall County effective property tax rate: 1.72%, significantly higher than the national median of 1.02%.
Median Marshall County home value: $56,450
Median annual Marshall County tax bill: $600, $1,800 lower than the national median property tax bill of $2,400.

How are property taxes in Marshall County calculated?

Property taxes in Marshall 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 Holly Springs or another part of Marshall County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Marshall County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.72%

Estimate Property Tax Bill

$971

$901

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

Property Tax Rates Across Marshall County, Mississippi

Local government entities determine tax rates, which can vary significantly within Mississippi. Each county annually estimates its budget needs to provide essential services and divides this by the total value of all taxable properties in its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the core of the annual process.

Marshall County, for instance, has an effective property tax rate of 1.72%, which is notably higher than the national median of 1.02%. Within Mississippi, Holly Springs stands out with the highest median tax rate of 1.72%, while Olive Branch has the lowest at 1.14%. Comparing Marshall County's rate to the national median, residents pay a higher percentage, reflecting the county's budgetary needs and property values. Understanding these differences can help property owners make informed decisions about appealing their property taxes or seeking exemptions.

Property Tax Rates Across Marshall County, Mississippi

Source: Ownwell

1.14%

1.43%

1.72%

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 Marshall County Tax Rate

1.72%

Median Effective Mississippi Tax Rate

1.31%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Marshall County, Mississippi

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Byhalia	0.61%	0.83%	1.72%	1.72%	1.72%
Coldwater	0.65%	0.97%	1.72%	1.72%	1.72%
Holly Springs	0.73%	1.11%	1.72%	2.23%	2.80%
Lamar	0.56%	0.79%	1.72%	1.72%	1.72%
Mount Pleasant	N/A	N/A	N/A	N/A	N/A
Olive Branch	0.33%	0.78%	1.14%	1.72%	1.72%
Potts Camp	0.72%	0.85%	1.72%	1.72%	1.77%
Red Banks	0.55%	0.83%	1.36%	1.72%	1.73%
Victoria	N/A	N/A	N/A	N/A	N/A
Waterford	0.73%	0.82%	1.72%	1.72%	1.74%

Source: Ownwell

Property Tax Assessment Values Across Marshall County, Mississippi

When examining property taxes in Marshall 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 Marshall 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. Assessment notices: In Marshall 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 Marshall County. For example, the median tax bill in Marshall County is $754.00, with tax bills ranging significantly across the county. Red Banks has the highest median home price at $67,430.

Property Tax Assessment Values Across Marshall County, Mississippi

Source: Ownwell

$31,190

$49,310

$67,430

Median Marshall County Market Value

$56,450

Median Mississippi Market Value

$68,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Marshall County, Mississippi

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Byhalia	$9,750	$21,960	$59,780	$112,700	$197,956
Coldwater	$6,640	$13,280	$31,190	$68,740	$96,710
Holly Springs	$6,150	$20,000	$58,105	$89,968	$163,778
Lamar	$9,100	$31,700	$60,880	$116,750	$268,088
Mount Pleasant	N/A	N/A	N/A	N/A	N/A
Olive Branch	$10,274	$31,785	$64,320	$106,625	$163,980
Potts Camp	$1,130	$8,555	$44,080	$76,835	$131,675
Red Banks	$9,110	$29,000	$67,430	$125,935	$191,180
Victoria	N/A	N/A	N/A	N/A	N/A
Waterford	$5,302	$17,672	$50,675	$83,882	$142,502

Source: Ownwell

Property Tax Bills Across Marshall County, Mississippi

Property tax bills in Marshall County, Mississippi, are determined by assessing a property's value and applying the local tax rate. The assessed value is a percentage of the property's market value, which is then multiplied by the tax rate to calculate the tax bill. In Marshall County, the median property tax bill is significantly lower than the national median of $2,400, with figures ranging from $241 at the 25th percentile to $2,189 at the 90th percentile. The highest median tax bill in the county is found in Holly Springs at $754, while Coldwater reports the lowest at $401. These variations highlight the impact of location and property value on tax bills. For homeowners, understanding these factors is crucial as they directly affect the amount owed annually. Lower tax bills can be advantageous, reducing the financial burden on homeowners, but they may also reflect lower property values, which could impact long-term investment potential.

Property Tax Bills Across Marshall County, Mississippi

Source: Ownwell

$401

$578

$754

Median Marshall County Tax Bill

$600

Median Mississippi Tax Bill

$854

Median United States Tax Bill

$2,400

Property Tax Bills Across Marshall County, Mississippi

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Byhalia	$129	$263	$587	$1,291	$2,214
Coldwater	$80	$164	$401	$694	$1,199
Holly Springs	$106	$253	$754	$1,494	$2,358
Lamar	$108	$307	$682	$1,447	$2,812
Mount Pleasant	N/A	N/A	N/A	N/A	N/A
Olive Branch	$140	$297	$543	$1,095	$1,792
Potts Camp	$16	$113	$433	$885	$1,501
Red Banks	$118	$303	$672	$1,382	$2,271
Victoria	N/A	N/A	N/A	N/A	N/A
Waterford	$81	$216	$492	$944	$1,738

Source: Ownwell