Bruce, Calhoun County, Mississippi Property Taxes

Name: Property Tax Bills Across Bruce, Calhoun County, Mississippi
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Bruce, MS effective property tax rate: 1.05%, slightly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Bruce, MS home value: $59,785
Median annual Bruce, MS tax bill: $691, $1,709 lower than the national median property tax bill of $2,400.

How are property taxes in Calhoun calculated?

Property taxes in Bruce, 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 Bruce’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bruce, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Bruce, Calhoun County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.05%

Estimate Property Tax Bill

$628

$583

Ownwell’s Bruce Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bruce with just two data points. By entering your property's estimated assessed value, our calculator applies Bruce’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Calhoun County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Bruce, Calhoun County, Mississippi

Local government entities set tax rates, which can vary widely within a state. This is because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Bruce, located in Calhoun County, Mississippi, the effective property tax rate aligns closely with the state's median tax rate of 1.05%. This rate is slightly above the national median property tax rate of 1.02%, which translates into a higher property tax bill compared to the national median of $2400. The uniformity in tax rates within Calhoun County indicates a stable tax environment, which can be beneficial for property owners in Bruce. Understanding these rates is crucial for property owners who wish to manage their financial planning effectively. By staying informed about local tax rates, property owners can make more informed decisions about appealing their property taxes or seeking exemptions.

Property Tax Rates Across Bruce, Calhoun County, Mississippi

Source: Ownwell

0.86%

1.32%

1.78%

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 Bruce Tax Rate

1.05%

Median Effective Calhoun County Tax Rate

1.03%

Median Effective Mississippi Tax Rate

1.31%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bruce, Calhoun County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
38915	0.46%	0.79%	1.05%	1.79%	1.79%

Source: Ownwell

Property Tax Assessment Values Across Bruce, Calhoun County, Mississippi

When examining property taxes in Bruce, 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 Calhoun 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 Calhoun County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Bruce. For example, the median home price in Bruce is $59,785, with tax bills ranging significantly across the county. Zip code 38915 has the highest median home price at $59,785.

Property Tax Assessment Values Across Bruce, Calhoun County, Mississippi

Source: Ownwell

$48,136

$60,550

$72,964

Median Bruce Market Value

$59,785

Median Calhoun County Market Value

$55,127

Median Mississippi Market Value

$68,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bruce, Calhoun County, Mississippi

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
38915	$20,304	$33,903	$59,785	$104,117	$159,084

Source: Ownwell

Property Tax Bills Across Bruce, Calhoun County, Mississippi

In Bruce, Mississippi, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate is then applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the property's location, size, and any applicable exemptions. Homeowners in Bruce typically see tax bills that range from $393 at the 25th percentile to $1,977 at the 90th percentile. The median tax bill in the area is $691, significantly lower than the national median of $2,400. This can be both a relief and a concern for homeowners, as it implies less financial burden but also potentially less funding for local services. Ownwell assists homeowners by identifying opportunities for appeals and exemptions, ensuring taxes are fair and not over-assessed. By leveraging local expertise and understanding of property tax regulations, Ownwell can help homeowners in Bruce reduce their property tax bills, providing peace of mind and potential savings.

Property Tax Bills Across Bruce, Calhoun County, Mississippi

Source: Ownwell

$341

$581

$821

Median Bruce Tax Bill

$691

Median Calhoun County Tax Bill

$645

Median Mississippi Tax Bill

$854

Median United States Tax Bill

$2,400

Property Tax Bills Across Bruce, Calhoun County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
38915	$211	$393	$691	$1,181	$1,977

Source: Ownwell