Tallahatchie County, Mississippi Property Taxes
The median property tax rate in Tallahatchie County is 1.71%, which is significantly higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Tallahatchie County at $42,376, the typical annual property tax bill reaches $479, which is well below the national median of $2,690. Property taxes in Tallahatchie County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions, such as the primary residence and agricultural exemptions. Understanding Tallahatchie 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 Charleston or another part of Tallahatchie County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tallahatchie County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.71%
Estimate Property Tax Bill
$725
$672
Ownwell’s Tallahatchie County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Tallahatchie County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Tallahatchie 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 Tallahatchie County, Mississippi
Property taxes in Tallahatchie County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Tallahatchie County is 1.71%, which is higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Tallahatchie County set these rates annually, and they can vary significantly between different areas within the county. Each year, Tallahatchie 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. The following data compares Tallahatchie County's effective property tax rate with other counties in Mississippi and the national median. For comparison, the city of Lambert has one of the higher property tax rates in Mississippi at 1.92%, while the city of Vance boasts one of the lowest at 0.73%. Analyzing how Tallahatchie County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Tallahatchie County Tax Rate
1.71%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tallahatchie County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cascilla | 0.41% | 0.84% | 1.12% | 1.88% | 1.92% |
| Charleston | 0.47% | 0.85% | 1.71% | 1.87% | 1.92% |
| Drew | 0.25% | 0.73% | 0.83% | 0.90% | 1.71% |
| Enid | 0.65% | 0.84% | 1.15% | 1.87% | 1.88% |
| Glendora | 0.22% | 0.73% | 1.71% | 1.71% | 1.71% |
| Grenada | 0.40% | 0.88% | 1.87% | 1.87% | 1.88% |
| Holcomb | 0.47% | 0.84% | 1.00% | 1.87% | 1.92% |
| Lambert | 0.87% | 1.92% | 1.92% | 1.92% | 1.92% |
| Oakland | 0.42% | 0.84% | 1.10% | 1.87% | 1.88% |
| Philipp | 0.68% | 0.83% | 1.71% | 1.71% | 1.71% |
| Scobey | 0.37% | 0.84% | 1.06% | 1.88% | 1.88% |
| Sumner | 0.33% | 0.73% | 0.92% | 1.71% | 1.71% |
| Swan Lake | N/A | N/A | N/A | N/A | N/A |
| Tillatoba | 0.70% | 0.84% | 1.87% | 1.87% | 1.88% |
| Tippo | N/A | N/A | N/A | N/A | N/A |
| Tutwiler | 0.46% | 0.73% | 1.71% | 1.71% | 1.71% |
| Vance | 0.66% | 0.73% | 0.73% | 1.72% | 1.72% |
| Webb | 0.29% | 0.73% | 1.71% | 1.71% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Tallahatchie County, Mississippi
In Tallahatchie 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 Tallahatchie 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 Tallahatchie 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 Tallahatchie County, the city with the highest median tax bill is Lambert at $765, while the lowest is in Tutwiler at $400. 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 Tallahatchie County, Mississippi
Source: Ownwell
$35,872
$44,351
$52,830
Average Tallahatchie County Assessed Value
$42,376
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tallahatchie County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cascilla | $12,049 | $23,530 | $40,502 | $67,937 | $112,373 |
| Charleston | $8,812 | $21,143 | $43,090 | $69,908 | $109,587 |
| Drew | $23,427 | $25,914 | $40,682 | $108,023 | $126,580 |
| Enid | $8,197 | $15,861 | $39,298 | $69,978 | $132,590 |
| Glendora | $6,140 | $13,483 | $36,534 | $92,152 | $260,278 |
| Grenada | $6,784 | $17,778 | $50,653 | $72,723 | $107,973 |
| Holcomb | $11,510 | $17,935 | $40,394 | $72,982 | $117,047 |
| Lambert | $10,209 | $28,175 | $40,244 | $50,027 | $57,049 |
| Oakland | $8,716 | $22,112 | $47,934 | $79,708 | $124,860 |
| Philipp | $6,098 | $14,750 | $39,036 | $83,288 | $180,950 |
| Scobey | $12,267 | $23,322 | $47,212 | $72,190 | $109,604 |
| Sumner | $6,932 | $27,698 | $49,477 | $89,219 | $146,429 |
| Swan Lake | N/A | N/A | N/A | N/A | N/A |
| Tillatoba | $7,669 | $12,628 | $35,872 | $60,443 | $94,158 |
| Tippo | N/A | N/A | N/A | N/A | N/A |
| Tutwiler | $8,773 | $24,221 | $39,618 | $51,361 | $79,472 |
| Vance | $14,119 | $30,378 | $52,830 | $118,678 | $284,377 |
| Webb | $7,856 | $22,681 | $42,858 | $64,220 | $91,086 |
Source: Ownwell
Property Tax Bills Across Tallahatchie County, Mississippi
In Tallahatchie County, MS, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The assessment ratio in Mississippi typically stands at 10% of the market value for residential properties. For instance, with a median home price of $42,376 in Tallahatchie County, the assessed value would be approximately $4,237.6. The tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property's location and any applicable exemptions. For example, the median tax bill in Tallahatchie County ranges significantly, with the 25th percentile at $221 and the 75th percentile at $888. The highest median tax bill in the county is $765 in Lambert, while the lowest is $400 in Tutwiler. Compared to the national median property tax rate of 0.99%, Tallahatchie County offers relatively lower property tax bills, providing some financial relief to homeowners.
Average Tallahatchie County Tax Bill
$479
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Tallahatchie County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cascilla | $99 | $255 | $484 | $881 | $1,708 |
| Charleston | $95 | $233 | $495 | $888 | $1,491 |
| Drew | $153 | $202 | $469 | $995 | $1,154 |
| Enid | $104 | $199 | $473 | $904 | $1,715 |
| Glendora | $42 | $113 | $473 | $1,576 | $3,965 |
| Grenada | $72 | $179 | $442 | $1,125 | $1,300 |
| Holcomb | $114 | $234 | $491 | $825 | $1,435 |
| Lambert | $81 | $246 | $765 | $845 | $1,044 |
| Oakland | $97 | $228 | $477 | $1,033 | $1,681 |
| Philipp | $83 | $209 | $605 | $1,213 | $3,004 |
| Scobey | $123 | $226 | $447 | $768 | $1,280 |
| Sumner | $51 | $240 | $564 | $1,143 | $1,684 |
| Swan Lake | N/A | N/A | N/A | N/A | N/A |
| Tillatoba | $115 | $170 | $403 | $773 | $1,137 |
| Tippo | N/A | N/A | N/A | N/A | N/A |
| Tutwiler | $61 | $191 | $400 | $709 | $1,101 |
| Vance | $198 | $342 | $538 | $2,327 | $7,859 |
| Webb | $66 | $194 | $426 | $663 | $978 |
Source: Ownwell