Corinth, Tishomingo County, Mississippi Property Taxes
Median Corinth, MS effective property tax rate: 0.37%, significantly lower than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Corinth, MS home value: $60,580
Median annual Corinth, MS tax bill: $219, $2,181 lower than the national median property tax bill of $2,400.
How are property taxes in Tishomingo calculated?
Property taxes in Corinth, 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 Corinth’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Corinth, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Corinth, Tishomingo County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.37%
Estimate Property Tax Bill
$224
$208
Property Tax Rates Across Corinth, Tishomingo County, Mississippi
Local government entities are responsible for setting property tax rates, which can differ significantly within a state. This variation arises because each county annually estimates the budget needed to provide essential services and then divides that by the total value of all taxable property in its area. This calculation determines the property tax rate. While setting tax rates and budgets involves votes and laws, this is the basic annual process.
In Corinth, located in Alcorn County, Mississippi, the effective property tax rate is 0.37%. When compared to the national median property tax rate of 1.02%, Corinth's rate is considerably lower. The median property tax bill in Corinth is $1,200, which is also significantly below the national median of $2,400. This makes Corinth an attractive location for property owners seeking lower tax burdens. However, it's essential to consider that lower property taxes may also reflect the level of services provided by local governments. Overall, Corinth's property tax rates offer a compelling advantage for residents and potential property buyers looking for affordability in Mississippi.
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 Corinth Tax Rate
0.37%
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 Tishomingo County Tax Rate
0.89%
Median Effective Mississippi Tax Rate
1.31%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Corinth, Tishomingo County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38834 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Corinth, Tishomingo County, Mississippi
When examining property taxes in Corinth, 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 Tishomingo 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 Tishomingo 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 Corinth. For example, the median home price in Corinth is $60,580, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Corinth, Tishomingo County, Mississippi
Source: Ownwell
$46,970
$58,758
$70,545
Median Corinth Market Value
$60,580
Median Tishomingo County Market Value
$60,500
Median Mississippi Market Value
$68,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Corinth, Tishomingo County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38834 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Corinth, Tishomingo County, Mississippi
In Corinth, located in Tishomingo County, Mississippi, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value, which is determined by local assessors. Factors such as location, property size, and market conditions influence this valuation. Homeowners in Corinth face property tax bills with a median value significantly lower than the national median of $2,400. For instance, the 25th percentile tax bill is $146, while the 75th percentile is $292, reflecting a relatively modest tax burden compared to other regions.
High property taxes can strain homeowners, but Ownwell offers a solution. By leveraging expertise in property tax appeals and exemptions, Ownwell helps homeowners identify potential savings. Through a thorough analysis of property assessments, Ownwell can challenge overvaluations and secure tax reductions, ensuring homeowners pay only their fair share. This service not only reduces financial stress but also maximizes homeowners' savings, making property ownership in Corinth more affordable.
Median Corinth Tax Bill
$219
Median Tishomingo County Tax Bill
$531
Median Mississippi Tax Bill
$854
Median United States Tax Bill
$2,400
Property Tax Bills Across Corinth, Tishomingo County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38834 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell