Walls, Desoto County, Mississippi Property Taxes

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

Median Walls, MS effective property tax rate: 1.51%, significantly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Walls, MS home value: $105,303
Median annual Walls, MS tax bill: $1,672, $728 lower than the national median property tax bill of $2,400.

How are property taxes in DeSoto calculated?

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

Last Updated March 1, 2025

Walls, Desoto County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.51%

Estimate Property Tax Bill

$1,590

$1,476

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

Property Tax Rates Across Walls, Desoto 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. Below, you can compare Walls’ effective property tax rate to other cities in Mississippi and the median property tax rates in Mississippi and the U.S. Walls, located in DeSoto County, has a median property tax rate of 1.51%, which is notably higher than the national median of 1.02%. This rate is among the highest in the region, as both the highest and lowest median tax rates in the area are the same, standing at 1.51%. Given that the national median property tax bill is $2400, Walls' rate could result in higher property tax bills compared to many other parts of the country.

Property Tax Rates Across Walls, Desoto County, Mississippi

Source: Ownwell

1.00%

1.62%

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 Walls Tax Rate

1.51%

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 Walls, Desoto County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
38680	1.01%	1.44%	1.51%	2.16%	2.16%

Source: Ownwell

Property Tax Assessment Values Across Walls, Desoto County, Mississippi

When examining property taxes in Walls, 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 Tax Assessor 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. Assessment notices: 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 Walls. For example, the median home price in Walls is $105,303, with tax bills ranging significantly across the county. 38680 has the highest median home price at $105,303.

Property Tax Assessment Values Across Walls, Desoto County, Mississippi

Source: Ownwell

$35,000

$93,307

$151,613

Median Walls Market Value

$105,303

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 Walls, Desoto County, Mississippi

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
38680	$22,573	$73,568	$105,303	$129,635	$164,493

Source: Ownwell

Property Tax Bills Across Walls, Desoto County, Mississippi

In Walls, located in DeSoto County, MS, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. Homeowners in Walls typically see a median tax bill of $1,672, which is below the national median of $2,400. Factors influencing the tax bill include the local tax rate and any applicable exemptions or deductions. For instance, the tax bill for the 25th percentile is $1,081, while the 90th percentile reaches up to $3,201, reflecting variations in property values and tax rates within the area. Homeowners are impacted by these bills as they directly affect annual housing costs and can influence decisions on homeownership and investment. Ownwell assists homeowners by identifying potential savings on their property tax bills through appeals and exemptions. By analyzing property assessments and ensuring accurate valuations, Ownwell helps reduce the financial burden of property taxes, ensuring homeowners only pay their fair share.

Property Tax Bills Across Walls, Desoto County, Mississippi

Source: Ownwell

$350

$1,639

$2,928

Median Walls Tax Bill

$1,672

Median Desoto County Tax Bill

$1,564

Median Mississippi Tax Bill

$854

Median United States Tax Bill

$2,400

Property Tax Bills Across Walls, Desoto County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
38680	$236	$1,081	$1,672	$2,081	$3,201

Source: Ownwell