Philadelphia, Neshoba County, Mississippi Property Taxes

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

Median PHILADELPHIA, MS effective property tax rate: 1.23%, significantly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median PHILADELPHIA, MS home value: $55,285
Median annual PHILADELPHIA, MS tax bill: $566, $1,834 lower than the national median property tax bill of $2,400.

How are property taxes in Neshoba County calculated?

Property taxes in PHILADELPHIA, 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 PHILADELPHIA’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in PHILADELPHIA, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Philadelphia, Neshoba County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.23%

Estimate Property Tax Bill

$680

$631

Ownwell’s PHILADELPHIA Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in PHILADELPHIA with just two data points.

By entering your property's estimated assessed value, our calculator applies PHILADELPHIA’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 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 Neshoba.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Philadelphia, Neshoba County, Mississippi

Local government entities determine tax rates, which can vary significantly within a state. This is because each county annually estimates its budgetary needs for services and divides that by the total assessed value of all taxable properties in its jurisdiction, resulting in the property tax rate. While votes and laws are part of the process, this is the basic annual procedure.

In Philadelphia, located in Neshoba County, MS, the effective property tax rate is 1.23%, which aligns with the highest and lowest rates in the state. This rate is higher than the national median property tax rate of 1.02%. Property owners in Philadelphia face a tax rate that exceeds the national average, reflecting the local government's fiscal requirements.

Comparing Philadelphia's property tax rate to the median rate in Mississippi and the U.S. provides valuable context for property owners. Understanding these differences can help in making informed decisions about property investments and appeals.

Property Tax Rates Across Philadelphia, Neshoba County, Mississippi

Source: Ownwell

0.87%

1.26%

1.66%

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 Philadelphia Tax Rate

1.23%

Median Effective Neshoba County Tax Rate

1.25%

Median Effective Mississippi Tax Rate

1.31%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Philadelphia, Neshoba County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
39350	0.63%	0.81%	1.23%	1.67%	2.07%

Source: Ownwell

Property Tax Assessment Values Across Philadelphia, Neshoba County, Mississippi

When examining property taxes in Philadelphia, 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 Neshoba 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 Neshoba 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 Philadelphia.

For example, the median home price in Philadelphia is $55,285, with tax bills ranging significantly across the county. Zip code 39350 has the highest median home price at $55,285.

Property Tax Assessment Values Across Philadelphia, Neshoba County, Mississippi

Source: Ownwell

$21,405

$40,543

$59,680

Median Philadelphia Market Value

$55,285

Median Neshoba County Market Value

$53,540

Median Mississippi Market Value

$68,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Philadelphia, Neshoba County, Mississippi

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
39350	$6,870	$23,260	$55,285	$91,465	$157,890

Source: Ownwell

Property Tax Bills Across Philadelphia, Neshoba County, Mississippi

In Philadelphia, Neshoba County, Mississippi, property tax bills are determined based on the assessed value of a property, which is a percentage of the property's market value. The local tax rate is then applied to this assessed value to calculate the tax bill. Factors such as property location and improvements can influence the assessed value, impacting the final tax bill. Homeowners in Philadelphia experience a median property tax bill significantly lower than the national median of $2,400, with bills ranging from $234 at the 25th percentile to $1,782 at the 90th percentile. This variation highlights the importance of understanding local property tax assessments and potential savings. Ownwell assists homeowners by evaluating their property tax assessments to identify opportunities for appeals or exemptions, potentially lowering their tax bills. By leveraging local expertise and a deep understanding of property tax regulations, Ownwell can help homeowners in Philadelphia reduce their financial burden and ensure they are not overpaying on their property taxes.

Property Tax Bills Across Philadelphia, Neshoba County, Mississippi

Source: Ownwell

$261

$423

$584

Median Philadelphia Tax Bill

$566

Median Neshoba County Tax Bill

$527

Median Mississippi Tax Bill

$854

Median United States Tax Bill

$2,400

Property Tax Bills Across Philadelphia, Neshoba County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
39350	$75	$234	$566	$1,100	$1,782

Source: Ownwell