Booneville, Prentiss County, Mississippi Property Taxes

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

Median Booneville, MS effective property tax rate: 1.41%, significantly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Booneville, MS home value: $34,970
Median annual Booneville, MS tax bill: $269, $2,131 lower than the national median property tax bill of $2,400.

How are property taxes in Prentiss calculated?

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

Last Updated March 1, 2025

Booneville, Prentiss County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.41%

Estimate Property Tax Bill

$493

$458

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

Property Tax Rates Across Booneville, Prentiss County, Mississippi

Local government entities determine tax rates, and these can differ significantly within a state. Each year, counties estimate their required budget for services and divide that by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process. In Booneville, located in Prentiss County, the effective property tax rate stands out compared to other cities in Mississippi. When you compare Booneville's rate to the median property tax rate in Mississippi, it becomes evident how local factors can influence property taxes. The national median property tax rate is 1.02%, with a median bill of $2,400. Booneville's rate reflects the unique economic and budgetary needs of the area, showcasing how local governance impacts property tax rates. Understanding these dynamics can help property owners in Booneville anticipate their tax obligations and explore potential savings through appeals or exemptions.

Property Tax Rates Across Booneville, Prentiss County, Mississippi

Source: Ownwell

0.97%

1.41%

1.86%

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 Booneville Tax Rate

1.41%

Median Effective Prentiss County Tax Rate

1.25%

Median Effective Mississippi Tax Rate

1.31%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Booneville, Prentiss County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
38829	0.38%	0.82%	1.41%	1.87%	1.91%

Source: Ownwell

Property Tax Assessment Values Across Booneville, Prentiss County, Mississippi

When examining property taxes in Booneville, MS, 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 appraisal district 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 Prentiss 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 Booneville. For example, the median home price in Booneville is $34,970, with tax bills ranging significantly across the county. Zip code 38829 has the highest median home price at $34,970.

Property Tax Assessment Values Across Booneville, Prentiss County, Mississippi

Source: Ownwell

$17,020

$44,330

$71,640

Median Booneville Market Value

$34,970

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 Booneville, Prentiss County, Mississippi

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
38829	$2,500	$7,500	$34,970	$67,620	$107,364

Source: Ownwell

Property Tax Bills Across Booneville, Prentiss County, Mississippi

In Booneville, located in Prentiss County, MS, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the home's market value. Factors such as the property's size, location, and improvements can influence this assessed value. Homeowners in Booneville face a median property tax bill of $269, significantly lower than the national median of $2,400. The 25th percentile tax bill is $101, while the 75th percentile reaches $633, and the 90th percentile is $1,249, illustrating variability based on assessed property values and local tax rates.

High property taxes can significantly impact homeowners, increasing the cost of owning a home. Ownwell offers valuable services to help homeowners in Booneville potentially reduce their property tax bills. By assessing the accuracy of property valuations and identifying potential exemptions, Ownwell can assist homeowners in appealing their property tax assessments, ensuring they pay only their fair share. This service can lead to substantial savings, making homeownership more affordable.

Property Tax Bills Across Booneville, Prentiss County, Mississippi

Source: Ownwell

$204

$289

$373

Median Booneville Tax Bill

$269

Median Prentiss County Tax Bill

$259

Median Mississippi Tax Bill

$854

Median United States Tax Bill

$2,400

Property Tax Bills Across Booneville, Prentiss County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
38829	$37	$101	$269	$633	$1,249

Source: Ownwell