Neshoba County, Mississippi Property Taxes
The median property tax rate in Neshoba County is 1.25%, which is higher than the national median of 0.99% but lower than the Mississippi state median of 1.31%. With the median home value in Neshoba County at $53,540, the typical annual property tax bill is $527, significantly below the national median of $2,690. Property taxes in Neshoba County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Neshoba County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Philadelphia or another part of Neshoba County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Neshoba County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$669
$621
Ownwell’s Neshoba County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Neshoba County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Neshoba County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Neshoba County, Mississippi
Property taxes in Neshoba County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Neshoba County is 1.25%, which is higher than the U.S. national median of 0.99%. Local government entities within Neshoba County set these rates annually, and they can vary significantly between different areas within the county. Each year, Neshoba County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Conehatta has one of the higher property tax rates in Mississippi at 1.67%, while the city of Collinsville boasts one of the lowest at 0.87%. Analyzing how Neshoba County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Neshoba County Tax Rate
1.25%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Neshoba County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carthage | 0.70% | 0.76% | 1.66% | 1.66% | 1.68% |
| Choctaw | 0.70% | 0.81% | 1.66% | 1.67% | 1.79% |
| Collinsville | 0.53% | 0.71% | 0.87% | 1.66% | 1.69% |
| Conehatta | N/A | N/A | N/A | N/A | N/A |
| De Kalb | N/A | N/A | N/A | N/A | N/A |
| Kosciusko | N/A | N/A | N/A | N/A | N/A |
| Little Rock | 0.67% | 0.72% | 0.90% | 1.66% | 1.67% |
| Noxapater | 0.71% | 0.77% | 0.98% | 1.66% | 1.67% |
| Philadelphia | 0.63% | 0.81% | 1.23% | 1.67% | 2.07% |
| Preston | 0.70% | 0.75% | 1.26% | 1.66% | 1.66% |
| Union | 0.49% | 0.74% | 1.10% | 1.67% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Neshoba County, Mississippi
In Neshoba County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Neshoba County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Neshoba County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. In Neshoba County, the city with the highest median tax bill is Noxapater at $584, while De Kalb has the lowest at $169. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Neshoba County, Mississippi
Source: Ownwell
$21,405
$40,543
$59,680
Average Neshoba County Assessed Value
$53,540
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Neshoba County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carthage | $8,735 | $17,975 | $45,200 | $76,002 | $116,435 |
| Choctaw | $7,031 | $12,110 | $21,405 | $40,955 | $47,978 |
| Collinsville | $6,900 | $23,315 | $53,000 | $84,970 | $125,530 |
| Conehatta | N/A | N/A | N/A | N/A | N/A |
| De Kalb | N/A | N/A | N/A | N/A | N/A |
| Kosciusko | N/A | N/A | N/A | N/A | N/A |
| Little Rock | $10,878 | $26,458 | $57,875 | $84,508 | $124,679 |
| Noxapater | $6,156 | $19,945 | $59,680 | $76,490 | $97,618 |
| Philadelphia | $6,870 | $23,260 | $55,285 | $91,465 | $157,890 |
| Preston | $11,506 | $20,755 | $58,250 | $104,762 | $136,691 |
| Union | $5,464 | $16,750 | $48,910 | $85,860 | $127,908 |
Source: Ownwell
Property Tax Bills Across Neshoba County, Mississippi
In Neshoba County, Mississippi, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. Local tax assessors determine this value, and it forms the basis for the tax bill. The median home price in the county is $53,540, and property tax rates are applied to this assessed value to determine the annual tax bill. Factors such as property location, size, and improvements can affect the assessed value, leading to variations in tax bills. For instance, the 25th percentile tax bill in Neshoba County is $214, while the 75th percentile tax bill is $1,030, indicating a wide range of tax burdens among homeowners. The highest median tax bill in the county is $584 in Noxapater, whereas the lowest is $169 in De Kalb. These tax bills can significantly impact homeowners' finances, particularly in a county where the property tax rate may differ from the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their tax responsibilities and plan accordingly.
Average Neshoba County Tax Bill
$527
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Neshoba County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carthage | $117 | $215 | $460 | $829 | $1,369 |
| Choctaw | $72 | $112 | $261 | $422 | $816 |
| Collinsville | $59 | $185 | $433 | $850 | $1,540 |
| Conehatta | N/A | N/A | N/A | N/A | N/A |
| De Kalb | N/A | N/A | N/A | N/A | N/A |
| Kosciusko | N/A | N/A | N/A | N/A | N/A |
| Little Rock | $55 | $255 | $565 | $815 | $1,251 |
| Noxapater | $63 | $336 | $584 | $726 | $958 |
| Philadelphia | $75 | $234 | $566 | $1,100 | $1,782 |
| Preston | $107 | $274 | $578 | $879 | $2,238 |
| Union | $56 | $165 | $434 | $845 | $1,419 |
Source: Ownwell