Monroe County, Mississippi Property Taxes

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

Median Monroe County effective property tax rate: 1.48%, significantly higher than the national median of 1.02%.
Median Monroe County home value: $48,950
Median annual Monroe County tax bill: $540, $1,860 lower than the national median property tax bill of $2,400.

How are property taxes in Monroe County calculated?

Property taxes in Monroe 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 Amory or another part of Monroe County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Monroe County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.48%

Estimate Property Tax Bill

$724

$672

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

Property Tax Rates Across Monroe County, Mississippi

Local government entities set tax rates, which can vary widely within a state. 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 Monroe County's effective property tax rate to other counties in Mississippi or the U.S. median property tax rate. Monroe County has a median property tax rate of 1.48%, which is above the national median of 1.02%. Within the county, Shannon has the highest median property tax rate at 1.84%, while Hamilton offers a more affordable rate of 0.90%. Understanding these variations can help property owners make informed decisions about where to live or invest. By appealing your property taxes, you might lower your tax burden, potentially saving you money. Knowing the local tax landscape is crucial for maximizing your property investment's value.

Property Tax Rates Across Monroe County, Mississippi

Source: Ownwell

0.90%

1.37%

1.84%

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 Monroe County Tax Rate

1.48%

Median Effective Mississippi Tax Rate

1.31%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Monroe County, Mississippi

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Aberdeen	0.53%	0.87%	1.61%	2.80%	2.81%
Amory	0.50%	0.79%	1.22%	1.85%	2.43%
Caledonia	0.48%	0.67%	1.54%	1.59%	1.61%
Gattman	0.67%	0.77%	1.58%	1.72%	1.72%
Greenwood Springs	0.44%	0.67%	1.06%	1.58%	1.61%
Hamilton	0.39%	0.65%	0.90%	1.58%	1.58%
Nettleton	0.59%	0.86%	1.70%	1.87%	2.30%
Okolona	0.54%	0.81%	1.70%	1.94%	1.99%
Prairie	0.54%	0.94%	1.72%	1.75%	1.75%
Shannon	1.69%	1.83%	1.84%	1.84%	1.84%
Smithville	0.41%	0.65%	1.04%	1.58%	2.15%
West Point	0.69%	0.76%	1.73%	1.75%	1.75%

Source: Ownwell

Property Tax Assessment Values Across Monroe County, Mississippi

When examining property taxes in Monroe 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 Monroe 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 Monroe 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 Monroe County.

For example, the median tax bill in Monroe County is $623, with tax bills ranging significantly across the county. Hamilton has the highest median home price at $54,210.

Property Tax Assessment Values Across Monroe County, Mississippi

Source: Ownwell

$20,090

$37,150

$54,210

Median Monroe County Market Value

$48,950

Median Mississippi Market Value

$68,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Monroe County, Mississippi

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Aberdeen	$6,688	$22,140	$44,400	$73,240	$111,956
Amory	$12,572	$34,370	$53,690	$83,570	$133,822
Caledonia	$6,798	$15,370	$36,490	$65,570	$95,386
Gattman	$2,964	$5,720	$30,240	$53,390	$79,036
Greenwood Springs	$5,774	$19,028	$44,445	$73,642	$126,663
Hamilton	$7,300	$27,215	$54,210	$81,460	$125,060
Nettleton	$8,000	$24,405	$44,920	$65,992	$101,739
Okolona	$5,270	$16,500	$44,050	$67,200	$103,866
Prairie	$4,500	$12,850	$40,030	$60,670	$96,200
Shannon	$3,825	$8,918	$20,090	$45,145	$58,205
Smithville	$8,000	$26,305	$49,920	$74,100	$122,016
West Point	$6,410	$12,585	$45,780	$65,760	$103,250

Source: Ownwell

Property Tax Bills Across Monroe County, Mississippi

In Monroe County, MS, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is a percentage of the property's market value. Once the assessed value is established, the property tax rate, which is set by the local government, is applied to calculate the tax bill. The tax bill can vary significantly depending on the property's location within the county. For instance, Amory has the highest median tax bill at $623, while Shannon has the lowest at $250. These variations reflect differences in local tax rates and property values. The median home price in Monroe County is $48,950, which is significantly lower than the national median. Consequently, property tax bills in Monroe County tend to be lower, with the 25th percentile at $252 and the 90th percentile reaching $1,497. These figures highlight how property taxes can impact homeowners differently, depending on their property's assessed value and location within the county.

Property Tax Bills Across Monroe County, Mississippi

Source: Ownwell

$250

$437

$623

Median Monroe County Tax Bill

$540

Median Mississippi Tax Bill

$854

Median United States Tax Bill

$2,400

Property Tax Bills Across Monroe County, Mississippi

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Aberdeen	$90	$239	$588	$996	$1,539
Amory	$145	$323	$623	$1,039	$1,682
Caledonia	$65	$154	$326	$497	$961
Gattman	$46	$69	$272	$479	$738
Greenwood Springs	$77	$170	$350	$680	$1,133
Hamilton	$76	$196	$427	$804	$1,227
Nettleton	$116	$242	$505	$886	$1,267
Okolona	$60	$162	$414	$690	$1,185
Prairie	$50	$129	$316	$714	$1,029
Shannon	$79	$156	$250	$577	$843
Smithville	$103	$226	$456	$789	$1,242
West Point	$79	$188	$412	$679	$1,002

Source: Ownwell