Collins, Covington County, Mississippi Property Taxes

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

Median Collins, MS effective property tax rate: 0.73%, significantly lower than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Collins, MS home value: $59,130
Median annual Collins, MS tax bill: $414, $1,986 lower than the national median property tax bill of $2,400.

How are property taxes in Covington calculated?

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

Last Updated March 1, 2025

Collins, Covington County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.73%

Estimate Property Tax Bill

$432

$401

Ownwell’s Collins Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Collins with just two data points. By entering your property's estimated assessed value, our calculator applies Collins’ 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 Covington County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Collins, Covington County, Mississippi

Local government entities set property tax rates, resulting in variations across a state. This process involves estimating the required budget to provide services and dividing it by the total value of all taxable property within the jurisdiction, which determines the property tax rate. While votes and laws influence these rates and budgets, this is essentially the yearly procedure.

In Collins, located in Covington County, Mississippi, the effective property tax rate is 0.73%. This rate is reflective of the broader trend within the county, where both the highest and lowest median tax rates are also 0.73%. When compared to the national median property tax rate of 1.02%, Collins and Covington County present a lower tax burden for property owners. The Mississippi state median property tax rate aligns with this trend, indicating a generally favorable tax environment for residents. Understanding these rates can help property owners make informed decisions about their investments and potential savings through property tax appeals and exemptions.

Property Tax Rates Across Collins, Covington County, Mississippi

Source: Ownwell

0.73%

1.04%

1.35%

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 Collins Tax Rate

0.73%

Median Effective Covington County Tax Rate

0.76%

Median Effective Mississippi Tax Rate

1.31%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Collins, Covington County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
39428	0.41%	0.49%	0.73%	1.35%	1.35%

Source: Ownwell

Property Tax Assessment Values Across Collins, Covington County, Mississippi

When examining property taxes in Collins, 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 Covington 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 Covington 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 Collins. For example, the median home price in Collins is $59,130, with tax bills ranging significantly across the county. Zip code 39428 has the highest median home price at $59,130.

Property Tax Assessment Values Across Collins, Covington County, Mississippi

Source: Ownwell

$35,170

$70,425

$105,680

Median Collins Market Value

$59,130

Median Covington County Market Value

$57,690

Median Mississippi Market Value

$68,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Collins, Covington County, Mississippi

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
39428	$10,240	$29,505	$59,130	$94,010	$150,550

Source: Ownwell

Property Tax Bills Across Collins, Covington County, Mississippi

In Collins, located in Covington County, MS, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The tax rate is applied to this assessed value to calculate the annual tax bill. Factors such as property size, location, and any improvements can influence the assessed value, affecting the homeowner's tax bill. For example, the median home price in Collins is $59,130, and with local tax rates, the tax bill can vary significantly. Homeowners in the 25th percentile pay around $195, while those in the 75th percentile see bills closer to $809. Compared to the national median property tax bill of $2,400, Collins residents generally experience lower tax burdens. However, the financial impact can still be significant for some. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By evaluating a property's assessed value and ensuring it aligns with its market value, Ownwell helps reduce tax bills, offering relief to homeowners.

Property Tax Bills Across Collins, Covington County, Mississippi

Source: Ownwell

$282

$554

$825

Median Collins Tax Bill

$414

Median Covington County Tax Bill

$431

Median Mississippi Tax Bill

$854

Median United States Tax Bill

$2,400

Property Tax Bills Across Collins, Covington County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
39428	$81	$195	$414	$809	$1,287

Source: Ownwell