Horn Lake, Desoto County, Mississippi Property Taxes
Median Horn Lake, MS effective property tax rate: 2.23%, significantly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Horn Lake, MS home value: $67,458
Median annual Horn Lake, MS tax bill: $1,497, $903 lower than the national median property tax bill of $2,400.
How are property taxes in DeSoto calculated?
Property taxes in Horn Lake, 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 Horn Lake’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Horn Lake, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Horn Lake, Desoto County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.23%
Estimate Property Tax Bill
$1,504
$1,396
Property Tax Rates Across Horn Lake, Desoto County, Mississippi
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Horn Lake, DeSoto County, the effective property tax rate is 2.23%. This rate is higher than the national median property tax rate of 1.02%, making it one of the highest in Mississippi. The median property tax bill in Horn Lake is also significantly above the national median of $2400. This can be attributed to the local government's budgetary needs and the total assessed value of properties in the area.
Comparing Horn Lake's effective property tax rate to other cities in Mississippi, it stands out as one of the highest, reflecting the unique economic and budgetary circumstances of the region. Understanding these local tax rates can provide valuable insights for property owners and potential buyers when considering real estate investments in the area.
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 Horn Lake Tax Rate
2.23%
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 Desoto County Tax Rate
2.05%
Median Effective Mississippi Tax Rate
1.31%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Horn Lake, Desoto County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38637 | 2.22% | 2.23% | 2.23% | 2.23% | 2.23% |
Source: Ownwell
Property Tax Assessment Values Across Horn Lake, Desoto County, Mississippi
When examining property taxes in Horn Lake, 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 DeSoto 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 DeSoto 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 Horn Lake. For example, the median home price in Horn Lake is $67,458, with tax bills ranging significantly across the county. Zip code 38637 has the highest median home price at $67,458.
Property Tax Assessment Values Across Horn Lake, Desoto County, Mississippi
Source: Ownwell
$35,000
$93,307
$151,613
Median Horn Lake Market Value
$67,458
Median Desoto County Market Value
$77,329
Median Mississippi Market Value
$68,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Horn Lake, Desoto County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38637 | $53,768 | $60,098 | $67,458 | $80,495 | $102,349 |
Source: Ownwell
Property Tax Bills Across Horn Lake, Desoto County, Mississippi
In Horn Lake, located in DeSoto County, Mississippi, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine the tax bill. The median home price in Horn Lake is $67,458, and homeowners generally see tax bills ranging from $1,326 at the 25th percentile to $2,251 at the 90th percentile. Notably, the median tax bill in the area is $1,497, significantly below the national median property tax bill of $2,400.
For homeowners, these taxes can be a substantial financial obligation. However, Ownwell can help by providing property tax appeal services, potentially lowering these bills. Our expertise in property tax assessments allows us to identify discrepancies and file appeals on behalf of homeowners, ensuring they are not overpaying. By leveraging our services, homeowners in Horn Lake can save money and gain peace of mind knowing their property taxes are fair and accurate.
Median Horn Lake Tax Bill
$1,497
Median Desoto County Tax Bill
$1,564
Median Mississippi Tax Bill
$854
Median United States Tax Bill
$2,400
Property Tax Bills Across Horn Lake, Desoto County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38637 | $1,172 | $1,326 | $1,497 | $1,782 | $2,251 |
Source: Ownwell
