Nesbit, Desoto County, Mississippi Property Taxes
Median Nesbit, MS effective property tax rate: 1.01%, slightly lower than the national median of 1.02%, but significantly lower than the Mississippi state median of 1.31%. Median Nesbit, MS home value: $35,000. Median annual Nesbit, MS tax bill: $375, $2,025 lower than the national median property tax bill of $2,400.
How are property taxes in DeSoto County calculated?
Property taxes in Nesbit, 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 Nesbit’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Nesbit, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Nesbit, Desoto County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.01%
Estimate Property Tax Bill
$354
$328
Property Tax Rates Across Nesbit, Desoto County, Mississippi
Local government entities determine property tax rates, leading to significant variations within a state. This is because each county, like DeSoto, annually estimates its budget needs for essential services and divides this by the total assessed value of all taxable properties in its area, resulting in the property tax rate. While votes and legislation influence these rates and budgets, this is the basic annual process.
In Nesbit, located in DeSoto County, the effective property tax rate stands at 1.01%. This rate is consistent with the highest and lowest median tax rates in the state, both recorded in the same zip code, 38651. When compared to other cities in Mississippi and the national median property tax rate of 1.02%, Nesbit's rate is slightly below the national average. This comparison highlights how Nesbit's property tax rate is competitive within the state and even more so at the national level.
Understanding these nuances can help property owners in Nesbit make informed decisions regarding their property tax appeals and exemptions, ensuring they are not overpaying compared to other regions.
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 Nesbit Tax Rate
1.01%
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 Nesbit, Desoto County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38651 | 0.87% | 1.00% | 1.01% | 1.45% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Nesbit, Desoto County, Mississippi
When examining property taxes in Nesbit, 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 Nesbit.
For example, the median home price in Nesbit is $35,000, with tax bills ranging significantly across the county. Zip code 38651 has the highest median home price at $35,000.
Property Tax Assessment Values Across Nesbit, Desoto County, Mississippi
Source: Ownwell
$35,000
$93,307
$151,613
Median Nesbit Market Value
$35,000
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 Nesbit, Desoto County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38651 | $10,057 | $20,000 | $35,000 | $103,242 | $209,263 |
Source: Ownwell
Property Tax Bills Across Nesbit, Desoto County, Mississippi
Median Nesbit Tax Bill
$375
Median Desoto County Tax Bill
$1,564
Median Mississippi Tax Bill
$854
Median United States Tax Bill
$2,400
Property Tax Bills Across Nesbit, Desoto County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38651 | $122 | $200 | $375 | $1,220 | $2,273 |
Source: Ownwell