Rankin County, Mississippi Property Taxes

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

Median Rankin County effective property tax rate: 0.91%, significantly lower than the national median of 1.02%.
Median Rankin County home value: $136,735
Median annual Rankin County tax bill: $1,263, $1,137 lower than the national median property tax bill of $2,400.

How are property taxes in Rankin County calculated?

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

Last Updated March 1, 2025

Rankin County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.91%

Estimate Property Tax Bill

$1,244

$1,155

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

Property Tax Rates Across Rankin County, Mississippi

Local government entities determine property tax rates, which can significantly differ within a state. This variation arises because each county calculates its necessary budget for public services annually. They then divide this budget by the total assessed value of all taxable properties in the area, resulting in the property tax rate. Although the process involves votes and regulations, this annual calculation is at its core.

You can compare Rankin County's effective property tax rate to other counties in Mississippi or the U.S. median property tax rate. Rankin County's median property tax rate stands below the national median of 1.02%. Within Mississippi, Rankin County's rate is higher than Morton, which has the lowest median tax rate, but lower than Flowood, which has the highest. Mississippi's property tax rates vary, reflecting the diverse needs and budgets of its counties. Understanding these differences can help property owners make informed decisions about property investments and tax liabilities.

Property Tax Rates Across Rankin County, Mississippi

Source: Ownwell

0.68%

0.85%

1.02%

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 Rankin County Tax Rate

0.91%

Median Effective Mississippi Tax Rate

1.31%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Rankin County, Mississippi

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Brandon	0.47%	0.73%	0.90%	1.15%	1.59%
Braxton	0.21%	0.51%	0.71%	1.03%	1.46%
Florence	0.34%	0.58%	0.85%	1.13%	1.49%
Flowood	0.53%	0.87%	1.01%	1.13%	1.74%
Lena	0.48%	0.60%	0.86%	1.46%	1.52%
Mendenhall	0.31%	0.57%	0.82%	1.46%	1.46%
Morton	0.32%	0.54%	0.68%	0.93%	1.46%
Pearl	0.41%	0.77%	0.95%	1.46%	1.90%
Pelahatchie	0.40%	0.57%	0.84%	1.46%	1.83%
Richland	0.43%	0.74%	0.93%	1.73%	1.73%
Jackson	N/A	N/A	N/A	N/A	N/A
Puckett	N/A	N/A	N/A	N/A	N/A
Sandhill	N/A	N/A	N/A	N/A	N/A
Star	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Rankin County, Mississippi

When examining property taxes in Rankin 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 Rankin 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 Rankin 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 Rankin County. For example, the median tax bill in Rankin County is $1,346, with tax bills ranging significantly across the county. Flowood has the highest median home price at $196,755.

Property Tax Assessment Values Across Rankin County, Mississippi

Source: Ownwell

$60,595

$128,675

$196,755

Median Rankin County Market Value

$136,735

Median Mississippi Market Value

$68,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Rankin County, Mississippi

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Brandon	$61,334	$109,795	$160,310	$228,355	$307,028
Braxton	$23,038	$39,275	$82,920	$146,580	$228,292
Florence	$22,042	$51,582	$101,860	$156,120	$231,777
Flowood	$103,337	$138,925	$196,755	$307,932	$462,799
Lena	$17,448	$29,500	$60,595	$121,662	$268,207
Mendenhall	$24,620	$43,268	$85,620	$142,252	$228,359
Morton	$20,012	$37,835	$67,510	$110,885	$213,752
Pearl	$42,948	$59,952	$89,010	$143,262	$192,280
Pelahatchie	$22,601	$39,232	$65,680	$126,595	$223,274
Richland	$16,297	$47,435	$89,340	$138,928	$196,638
Jackson	N/A	N/A	N/A	N/A	N/A
Puckett	N/A	N/A	N/A	N/A	N/A
Sandhill	N/A	N/A	N/A	N/A	N/A
Star	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Rankin County, Mississippi

Rankin County, Mississippi, calculates property tax bills based on assessed property values and local tax rates. The process begins with the county assessor determining the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. In Rankin County, the median home price is $136,735, which influences the tax bill significantly. Homeowners in Rankin County experience a range in tax bills, with the 25th percentile at $638 and the 75th percentile at $2,054. The tax bill for those at the 90th percentile can reach up to $2,967. Comparatively, Flowood has the highest median tax bill in the county at $2,074, while Morton has the lowest at $484. These figures are below the national median property tax bill of $2,400, providing some relief to homeowners. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances effectively.

Property Tax Bills Across Rankin County, Mississippi

Source: Ownwell

$484

$1,279

$2,074

Median Rankin County Tax Bill

$1,263

Median Mississippi Tax Bill

$854

Median United States Tax Bill

$2,400

Property Tax Bills Across Rankin County, Mississippi

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Brandon	$405	$864	$1,499	$2,359	$3,201
Braxton	$133	$262	$516	$1,202	$1,983
Florence	$168	$364	$814	$1,519	$2,317
Flowood	$632	$1,226	$2,074	$3,138	$4,992
Lena	$141	$257	$501	$1,308	$2,409
Mendenhall	$135	$304	$634	$1,332	$2,214
Morton	$147	$258	$484	$884	$1,859
Pearl	$308	$549	$967	$1,512	$2,083
Pelahatchie	$175	$330	$611	$1,155	$2,046
Richland	$176	$394	$869	$1,347	$2,151
Jackson	N/A	N/A	N/A	N/A	N/A
Puckett	N/A	N/A	N/A	N/A	N/A
Sandhill	N/A	N/A	N/A	N/A	N/A
Star	N/A	N/A	N/A	N/A	N/A

Source: Ownwell