Morgan City, Leflore County, Mississippi Property Taxes
Median Morgan City, MS effective property tax rate: 1.18%, significantly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Morgan City, MS home value: $41,698
Median annual Morgan City, MS tax bill: $504, $1,896 lower than the national median property tax bill of $2,400.
How are property taxes in Leflore calculated?
Property taxes in Morgan City, 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 Morgan City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Morgan City, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Morgan City, Leflore County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.21%
Estimate Property Tax Bill
$478
$444
Property Tax Rates Across Morgan City, Leflore County, Mississippi
Local government entities in Mississippi determine tax rates, which can vary significantly within the state. Each county, including 28083, calculates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the basic annual process.
In Morgan City, located in 28083, the effective property tax rate is notably lower than the national median of 1.02%. This rate is also below the Mississippi state median of 1.18%, offering property owners a more favorable tax environment compared to other regions. Such a competitive rate can make Morgan City an attractive place for homeowners looking to minimize their tax burden.
Comparatively, the highest and lowest median tax rates in Mississippi are both 1.18%, indicating a relatively uniform tax environment across different areas within the state. Understanding these rates can help property owners make informed decisions about their investments and potential savings.
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 Morgan City Tax Rate
1.21%
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 Leflore County Tax Rate
1.82%
Median Effective Mississippi Tax Rate
1.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Morgan City, Leflore County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38946 | 0.80% | 0.90% | 1.21% | 1.82% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across Morgan City, Leflore County, Mississippi
When examining property taxes in Morgan City, Mississippi, 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 Leflore 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 Leflore 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 Morgan City. For example, the median home price in Morgan City is $41,698, with tax bills ranging significantly across the county. Zip code 38946 has the highest median home price at $41,698.
Property Tax Assessment Values Across Morgan City, Leflore County, Mississippi
Source: Ownwell
$22,373
$47,346
$72,319
Median Morgan City Market Value
$39,516
Median Leflore County Market Value
$42,074
Median Mississippi Market Value
$70,930
Median United States Market Value
$235,294
Property Tax Assessment Values Across Morgan City, Leflore County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38946 | $9,123 | $20,021 | $39,516 | $78,200 | $145,766 |
Source: Ownwell
Property Tax Bills Across Morgan City, Leflore County, Mississippi
Median Morgan City Tax Bill
$495
Median Leflore County Tax Bill
$626
Median Mississippi Tax Bill
$914
Median United States Tax Bill
$2,400
Property Tax Bills Across Morgan City, Leflore County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38946 | $126 | $275 | $495 | $853 | $2,216 |
Source: Ownwell