Leakesville, Greene County, Mississippi Property Taxes

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

Median Leakesville, MS effective property tax rate: 1.91%, significantly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%. Median Leakesville, MS home value: $18,060. Median annual Leakesville, MS tax bill: $255, $2,145 lower than the national median property tax bill of $2,400.

How are property taxes in Greene County calculated?

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

Last Updated March 1, 2025

Leakesville, Greene County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.91%

Estimate Property Tax Bill

$345

$320

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

Property Tax Rates Across Leakesville, Greene County, Mississippi

Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates its budget needs for public services and divides this by the total value of all taxable property within its area. This process determines the property tax rate. Although votes and legislative measures play a role in establishing tax rates and budgets, this is essentially the yearly procedure.

In Leakesville, located in Greene County, Mississippi, the effective property tax rate is 1.91%. This rate is notably higher than the national median property tax rate of 1.02%. Despite the variations within the state of Mississippi, Leakesville's rate stands out as both the highest and lowest median tax rate within the 39451 zip code, highlighting a uniformity in property tax assessments in the area. When compared to the national median property tax bill of $2,400, Leakesville's rate suggests a more significant tax burden on its residents. Understanding these differences can help property owners make informed decisions about property tax appeals and exemptions.

Property Tax Rates Across Leakesville, Greene County, Mississippi

Source: Ownwell

1.91%

1.92%

1.94%

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 Leakesville Tax Rate

1.91%

Median Effective Greene County Tax Rate

1.91%

Median Effective Mississippi Tax Rate

1.31%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Leakesville, Greene County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
39451	0.89%	1.16%	1.91%	1.94%	2.33%

Source: Ownwell

Property Tax Assessment Values Across Leakesville, Greene County, Mississippi

When examining property taxes in Leakesville, 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 Greene 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 Greene 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 Leakesville. For example, the median home price in Leakesville is $18,060, with tax bills ranging significantly across the county. Zip code 39451 has the highest median home price at $18,060.

Property Tax Assessment Values Across Leakesville, Greene County, Mississippi

Source: Ownwell

$14,660

$22,630

$30,600

Median Leakesville Market Value

$18,060

Median Greene County Market Value

$13,790

Median Mississippi Market Value

$68,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Leakesville, Greene County, Mississippi

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
39451	$1,426	$4,535	$18,060	$59,678	$110,636

Source: Ownwell

Property Tax Bills Across Leakesville, Greene County, Mississippi

In Leakesville, located in Greene County, MS, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The median home price in Leakesville is $18,060. The property tax rate is applied to this assessed value to determine the tax bill. For homeowners in Leakesville, tax bills can vary significantly, with the 25th percentile paying around $79 and the 90th percentile reaching up to $1,407. This range indicates that property taxes can be a financial burden for some homeowners, particularly when compared to the national median property tax bill of $2,400.

Ownwell offers property tax appeal and exemption services to help homeowners in Leakesville potentially reduce their tax bills. By analyzing property assessments and identifying discrepancies or opportunities for exemptions, Ownwell assists homeowners in navigating the appeal process. This can lead to significant savings, ensuring that residents pay only their fair share in property taxes.

Property Tax Bills Across Leakesville, Greene County, Mississippi

Source: Ownwell

$194

$228

$262

Median Leakesville Tax Bill

$255

Median Greene County Tax Bill

$191

Median Mississippi Tax Bill

$854

Median United States Tax Bill

$2,400

Property Tax Bills Across Leakesville, Greene County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
39451	$24	$79	$255	$754	$1,407

Source: Ownwell