Prentiss County, Mississippi Property Taxes
Median Prentiss County effective property tax rate: 1.25%, significantly higher than the national median of 1.02%. Median Prentiss County home value: $31,610. Median annual Prentiss County tax bill: $259, $2,141 lower than the national median property tax bill of $2,400.
How are property taxes in Prentiss County calculated?
Property taxes in Prentiss 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 Booneville or another part of Prentiss County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Prentiss County, Mississippi Property Tax Bill Calculator
$100,000
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Median Effective Tax Rate
1.25%
Estimate Property Tax Bill
$395
$367
Property Tax Rates Across Prentiss County, Mississippi
Local government entities in Mississippi, like those across the country, set tax rates that can vary significantly within the state. Each year, counties such as Prentiss estimate the budget needed to provide essential services. They then divide this amount by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. This process, influenced by votes and laws, determines how much property owners will owe annually.
In Prentiss County, the effective property tax rate is 1.25%, which is above the national median of 1.02%. This rate is a reflection of the county's budgetary needs and the total assessed property value. Within Mississippi, the highest median tax rate is found in New Site at 1.86%, while Baldwyn boasts the lowest at 0.97%. Comparing these rates provides valuable insights into how property taxes can differ not only from the national average but also within the state itself. Understanding these differences can help property owners make informed decisions about their investments and potential tax liabilities.
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 Prentiss County Tax Rate
1.25%
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 Mississippi Tax Rate
1.31%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Prentiss County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Baldwyn | 0.44% | 0.57% | 0.97% | 1.06% | 1.87% |
| Booneville | 0.38% | 0.82% | 1.41% | 1.87% | 1.91% |
| Burnsville | 0.82% | 0.87% | 1.86% | 1.89% | 1.91% |
| Dennis | 0.26% | 0.41% | 1.05% | 1.86% | 1.89% |
| Marietta | 0.82% | 0.88% | 1.86% | 1.89% | 2.03% |
| New Site | 0.83% | 1.05% | 1.86% | 1.90% | 1.91% |
| Rienzi | 0.41% | 0.88% | 1.86% | 1.86% | 1.89% |
| Tishomingo | 0.83% | 0.91% | 1.86% | 1.88% | 1.91% |
| Wheeler | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Prentiss County, Mississippi
When examining property taxes in Prentiss 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 Prentiss County tax authorities estimate 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 Prentiss 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 Prentiss County. For example, the median tax bill in Prentiss County is $373.00, with tax bills ranging significantly across the county. Dennis has the highest median home price at $71,640.00.
Property Tax Assessment Values Across Prentiss County, Mississippi
Source: Ownwell
$17,020
$44,330
$71,640
Median Prentiss County Market Value
$31,610
Median Mississippi Market Value
$68,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Prentiss County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Baldwyn | $3,052 | $8,492 | $32,265 | $64,425 | $104,246 |
| Booneville | $2,500 | $7,500 | $34,970 | $67,620 | $107,364 |
| Burnsville | $2,000 | $5,335 | $17,020 | $44,030 | $83,390 |
| Dennis | $10,609 | $34,712 | $71,640 | $104,800 | $125,533 |
| Marietta | $2,518 | $7,322 | $30,340 | $66,092 | $97,125 |
| New Site | $1,730 | $5,080 | $17,650 | $52,720 | $81,780 |
| Rienzi | $2,040 | $10,920 | $41,920 | $81,890 | $122,203 |
| Tishomingo | $1,471 | $6,178 | $27,320 | $65,230 | $95,677 |
| Wheeler | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Prentiss County, Mississippi
In Prentiss 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 median home price in the county is $31,610, significantly lower than the national median. Homeowners in Prentiss County can expect a property tax bill ranging widely, with the 25th percentile at $94 and the 75th percentile reaching $588. For those at the 90th percentile, the tax bill can be as high as $1,132.
Factors influencing these tax bills include the property's assessed value and the local tax rate set by the county authorities. The highest median tax bill in the county is found in Rienzi at $373, while Burnsville has the lowest at $204. These figures illustrate the variability within the county, affecting homeowners differently depending on their property's location and value. Compared to the national median property tax bill of $2,400, Prentiss County residents generally pay less, offering potential savings for homeowners in this region.
Median Prentiss County Tax Bill
$259
Median Mississippi Tax Bill
$854
Median United States Tax Bill
$2,400
Property Tax Bills Across Prentiss County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Baldwyn | $32 | $82 | $241 | $490 | $815 |
| Booneville | $37 | $101 | $269 | $633 | $1,249 |
| Burnsville | $27 | $63 | $204 | $435 | $881 |
| Dennis | $163 | $210 | $274 | $1,153 | $1,370 |
| Marietta | $43 | $115 | $299 | $623 | $1,160 |
| New Site | $33 | $73 | $219 | $539 | $1,046 |
| Rienzi | $35 | $84 | $373 | $888 | $1,772 |
| Tishomingo | $26 | $78 | $299 | $639 | $1,040 |
| Wheeler | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell