Yazoo County Property Taxes
The median property tax rate in Yazoo County is 1.74%, 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 Yazoo County at $47,455, the typical annual property tax bill is $698, which is considerably lower than the national median of $2,690. Property taxes in Yazoo 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 Yazoo 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 Yazoo City or another part of Yazoo County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Yazoo County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$2,620
Ownwell’s Yazoo County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Yazoo County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Yazoo 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 Yazoo County, Mississippi
Property taxes in Yazoo County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Yazoo County is 1.74%, which is higher than the U.S. national median of 0.99%. Local government entities within Yazoo County set these rates annually, and they can vary significantly between different areas within the county. Each year, Yazoo 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 Yazoo County's effective property tax rate with other regions in Mississippi and the national median. For comparison, the city of Holly Bluff has one of the higher property tax rates in Mississippi at 1.80%, while the city of Tinsley boasts one of the lowest at 0.85%. Analyzing how Yazoo County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Yazoo County Tax Rate
1.74%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yazoo County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Benton | 0.52% | 0.77% | 1.07% | 1.75% | 1.75% |
| Bentonia | 0.60% | 0.79% | 1.23% | 1.75% | 1.76% |
| Holly Bluff | 0.80% | 1.01% | 1.80% | 1.80% | 1.84% |
| Lexington | 0.48% | 0.79% | 1.22% | 1.75% | 1.75% |
| Pickens | 0.47% | 0.77% | 1.75% | 1.75% | 1.75% |
| Redwood | N/A | N/A | N/A | N/A | N/A |
| Satartia | 0.75% | 0.84% | 1.75% | 1.80% | 1.80% |
| Tinsley | 0.53% | 0.77% | 0.85% | 0.92% | 1.42% |
| Vaughan | 0.59% | 0.79% | 1.74% | 1.75% | 1.75% |
| Yazoo City | 0.70% | 1.07% | 1.75% | 3.03% | 3.07% |
Source: Ownwell
Property Tax Assessment Values Across Yazoo County, Mississippi
In Yazoo 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 Yazoo 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 Yazoo 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 Yazoo County, the city with the highest median tax bill is Satartia at $826, while Pickens has the lowest at $493. 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.
Average Yazoo County Assessed Value
$47,455
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Yazoo County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Benton | $15,090 | $29,920 | $63,445 | $116,352 | $189,043 |
| Bentonia | $11,885 | $22,680 | $49,155 | $93,275 | $158,127 |
| Holly Bluff | $11,474 | $36,535 | $66,210 | $88,465 | $135,910 |
| Lexington | $14,545 | $36,875 | $73,585 | $120,265 | $140,420 |
| Pickens | $12,425 | $17,338 | $39,215 | $70,750 | $135,695 |
| Redwood | N/A | N/A | N/A | N/A | N/A |
| Satartia | $11,336 | $30,440 | $63,125 | $107,688 | $165,768 |
| Tinsley | $41,986 | $56,470 | $64,520 | $81,530 | $92,856 |
| Vaughan | $14,024 | $25,780 | $50,150 | $96,460 | $157,100 |
| Yazoo City | $10,214 | $20,825 | $44,685 | $83,088 | $136,327 |
Source: Ownwell
Property Tax Bills Across Yazoo County, Mississippi
Property tax bills in Yazoo County, MS, are calculated based on the assessed value of a property, which is derived from its market value. The county assesses properties at a percentage of their market value, and this assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the tax bill, including property location, size, and market conditions. In Yazoo County, the median home price is $47,455, and the tax bills range significantly. For instance, the 25th percentile tax bill is $324, while the 75th percentile reaches $1,308, and the 90th percentile can be as high as $2,164. Homeowners in Satartia face the highest median tax bill at $826, whereas those in Pickens encounter the lowest at $493. Compared to the national median property tax rate of 0.99%, Yazoo County's tax rates can create varying financial impacts on homeowners, making it essential for them to understand their property’s assessed value and applicable tax rate.
Average Yazoo County Tax Bill
$698
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Yazoo County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Benton | $166 | $325 | $691 | $1,415 | $2,312 |
| Bentonia | $127 | $260 | $553 | $1,075 | $2,091 |
| Holly Bluff | $150 | $314 | $825 | $1,424 | $2,571 |
| Lexington | $223 | $418 | $704 | $1,121 | $1,626 |
| Pickens | $151 | $266 | $493 | $955 | $1,926 |
| Redwood | N/A | N/A | N/A | N/A | N/A |
| Satartia | $116 | $289 | $826 | $1,369 | $2,016 |
| Tinsley | $412 | $432 | $623 | $692 | $767 |
| Vaughan | $163 | $311 | $647 | $1,206 | $2,363 |
| Yazoo City | $152 | $347 | $750 | $1,341 | $2,123 |
Source: Ownwell