Brooklyn, Forrest County, Mississippi Property Taxes

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

Median Brooklyn, MS effective property tax rate: 1.11%, significantly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Brooklyn, MS home value: $36,595
Median annual Brooklyn, MS tax bill: $382, $2,018 lower than the national median property tax bill of $2,400.

How are property taxes in Forrest County calculated?

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

Last Updated March 1, 2025

Brooklyn, Forrest County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.71%

Estimate Property Tax Bill

$623

$578

Ownwell’s Brooklyn Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Brooklyn with just two data points.

By entering your property's estimated assessed value, our calculator applies Brooklyn’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 Forrest County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Brooklyn, Forrest County, Mississippi

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

In Brooklyn, Forrest County, Mississippi, the effective property tax rate stands at 1.11%, which is slightly above the national median of 1.02%. This rate is consistent with both the highest and lowest median tax rates in Mississippi, reflecting a uniformity across the state. The median property tax bill in Brooklyn aligns closely with the national median of $2,400, indicating a balanced tax environment. Comparing Brooklyn’s effective property tax rate to other cities in Mississippi and the U.S. highlights the region’s competitive stance. With property taxes playing a crucial role in funding local services, understanding these rates helps homeowners make informed decisions.

Property Tax Rates Across Brooklyn, Forrest County, Mississippi

Source: Ownwell

1.00%

1.43%

1.87%

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 Brooklyn Tax Rate

1.71%

Median Effective Forrest County Tax Rate

1.58%

Median Effective Mississippi Tax Rate

1.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Brooklyn, Forrest County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
39425	0.77%	0.85%	1.71%	1.87%	1.87%

Source: Ownwell

Property Tax Assessment Values Across Brooklyn, Forrest County, Mississippi

When examining property taxes in Brooklyn, 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 Forrest 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 Forrest 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 Brooklyn. For example, the median home price in Brooklyn is $36,595, with tax bills ranging significantly across the county. Zip code 39425 has the highest median home price at $36,595.

Property Tax Assessment Values Across Brooklyn, Forrest County, Mississippi

Source: Ownwell

$36,415

$92,093

$147,770

Median Brooklyn Market Value

$36,415

Median Forrest County Market Value

$72,095

Median Mississippi Market Value

$70,930

Median United States Market Value

$235,294

Property Tax Assessment Values Across Brooklyn, Forrest County, Mississippi

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
39425	$11,050	$20,225	$36,415	$71,155	$121,111

Source: Ownwell

Property Tax Bills Across Brooklyn, Forrest County, Mississippi

In Brooklyn, Forrest County, MS, property tax bills are calculated based on the assessed value of a home. The tax rate is applied to this value to determine the annual tax bill. With a median home price of $36,595, homeowners in Brooklyn can expect varied tax bills. The 25th percentile tax bill is $244, while the 75th percentile reaches $755, and the 90th percentile climbs to $1,493. These figures are significantly lower than the national median property tax bill of $2,400, reflecting the region's lower property values and tax rates. However, even with these lower rates, property taxes can still be a significant burden for homeowners. Ownwell offers valuable assistance by helping homeowners appeal their property tax assessments and identify potential exemptions. By leveraging expert knowledge and experience, Ownwell can potentially reduce property tax bills, ensuring homeowners pay only their fair share. This service not only alleviates financial strain but also provides peace of mind for property owners in Brooklyn.

Property Tax Bills Across Brooklyn, Forrest County, Mississippi

Source: Ownwell

$402

$1,108

$1,813

Median Brooklyn Tax Bill

$402

Median Forrest County Tax Bill

$1,148

Median Mississippi Tax Bill

$914

Median United States Tax Bill

$2,400

Property Tax Bills Across Brooklyn, Forrest County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
39425	$141	$264	$402	$817	$1,580

Source: Ownwell