Tippah County, Mississippi Property Taxes
The median property tax rate in Tippah County is 1.38%, 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 Tippah County at $46,380, the typical annual property tax bill is $673, well below the national median of $2,690. Property taxes in Tippah County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Tippah 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 Ripley or another part of Tippah County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tippah County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$640
$594
Ownwell’s Tippah County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Tippah County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Tippah 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 Tippah County, Mississippi
Property taxes in Tippah County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Tippah County is 1.38%, which is higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Tippah County set these rates annually, and they can vary significantly between different areas within the county. Each year, Tippah 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 Tippah County's effective property tax rate with other counties in Mississippi and the national median. For comparison, the city of Myrtle has one of the higher property tax rates in Mississippi at 2.43%, while the city of Falkner boasts one of the lowest at 1.26%. Analyzing how Tippah County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Tippah County Tax Rate
1.38%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tippah County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ashland | 1.02% | 1.13% | 1.40% | 2.26% | 2.50% |
| Baldwyn | 0.47% | 1.06% | 1.35% | 2.28% | 2.46% |
| Blue Mountain | 0.81% | 1.15% | 1.49% | 2.42% | 2.54% |
| Booneville | 0.74% | 1.11% | 1.34% | 2.32% | 2.41% |
| Dumas | 0.68% | 1.13% | 1.29% | 2.31% | 2.44% |
| Falkner | 0.41% | 1.06% | 1.26% | 2.22% | 2.39% |
| Myrtle | N/A | N/A | N/A | N/A | N/A |
| Ripley | 0.65% | 1.16% | 1.39% | 2.39% | 2.51% |
| Tiplersville | 0.42% | 1.09% | 1.39% | 2.27% | 2.40% |
| Walnut | 0.53% | 1.10% | 1.36% | 2.32% | 2.41% |
Source: Ownwell
Property Tax Assessment Values Across Tippah County, Mississippi
In Tippah 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 Tippah 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 Tippah 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. For example, the median home price in Tippah County is $46,380, with tax bills ranging from $323 at the 25th percentile to $1,848 at the 90th percentile. The highest median tax bill is in Myrtle at $946, while Ashland has the lowest at $340. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Tippah County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Tippah County, Mississippi
Source: Ownwell
$18,460
$34,503
$50,545
Average Tippah County Assessed Value
$46,380
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tippah County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ashland | $5,020 | $8,420 | $18,460 | $31,380 | $65,910 |
| Baldwyn | $8,357 | $12,508 | $38,925 | $92,388 | $138,539 |
| Blue Mountain | $9,610 | $22,000 | $43,390 | $71,745 | $117,836 |
| Booneville | $11,583 | $23,102 | $50,545 | $77,240 | $110,731 |
| Dumas | $11,490 | $26,430 | $49,310 | $81,715 | $116,096 |
| Falkner | $9,084 | $25,198 | $49,930 | $83,330 | $117,400 |
| Myrtle | N/A | N/A | N/A | N/A | N/A |
| Ripley | $11,790 | $29,075 | $48,700 | $80,605 | $127,510 |
| Tiplersville | $8,080 | $21,000 | $41,335 | $65,620 | $95,215 |
| Walnut | $8,715 | $19,270 | $40,930 | $65,935 | $97,630 |
Source: Ownwell
Property Tax Bills Across Tippah County, Mississippi
In Tippah County, MS, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Various factors, such as property size, location, and improvements, influence the assessed value. Homeowners in Tippah County experience a range of tax bills. For instance, the median home price is $46,380, leading to tax bills that vary significantly. The 25th percentile tax bill is $323, while the 75th percentile reaches $1,170, and the 90th percentile can be as high as $1,848. The city of Myrtle has the highest median tax bill at $946, whereas Ashland has the lowest at $340. These property tax bills impact homeowners by influencing their overall housing costs and potentially their ability to afford homeownership. Comparatively, the tax rates in Tippah County can be more manageable than the national median property tax rate of 0.99%, providing some relief to local homeowners.
Average Tippah County Tax Bill
$673
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Tippah County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ashland | $53 | $234 | $340 | $574 | $1,409 |
| Baldwyn | $195 | $211 | $377 | $1,568 | $1,953 |
| Blue Mountain | $137 | $294 | $674 | $1,193 | $1,917 |
| Booneville | $121 | $283 | $584 | $1,308 | $2,003 |
| Dumas | $160 | $325 | $646 | $1,120 | $1,508 |
| Falkner | $116 | $261 | $622 | $1,194 | $1,828 |
| Myrtle | N/A | N/A | N/A | N/A | N/A |
| Ripley | $165 | $407 | $741 | $1,230 | $1,957 |
| Tiplersville | $101 | $239 | $534 | $933 | $1,454 |
| Walnut | $107 | $221 | $545 | $1,006 | $1,599 |
Source: Ownwell