Flowood, Hinds County, Mississippi Property Taxes

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

Median Flowood, MS effective property tax rate: 2.28%, significantly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Flowood, MS home value: $147,420
Median annual Flowood, MS tax bill: $3,362, $962 higher than the national median property tax bill of $2,400.

How are property taxes in Hinds calculated?

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

Last Updated March 1, 2025

Flowood, Hinds County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.28%

Estimate Property Tax Bill

$3,361

$3,119

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

Property Tax Rates Across Flowood, Hinds 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 play a role in setting tax rates and budgets, this is the annual process in a nutshell.

In Flowood, located in Rankin County, Mississippi, the effective property tax rate offers an interesting comparison. Mississippi's median property tax rate stands at 0.81%, which is notably below the national median of 1.02%. This makes Flowood an attractive location for property owners seeking lower tax burdens. However, it's important to consider that other factors, such as assessed property values and available exemptions, can influence the actual tax bill.

Comparing Flowood's property tax rate to other cities in Mississippi and the broader U.S. context highlights the variability of property tax obligations across different regions. Understanding these differences can empower property owners to make informed decisions and potentially save on their tax bills.

Property Tax Rates Across Flowood, Hinds County, Mississippi

Source: Ownwell

1.05%

1.97%

2.89%

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 Flowood Tax Rate

2.28%

Median Effective Hinds County Tax Rate

1.81%

Median Effective Mississippi Tax Rate

1.31%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Flowood, Hinds County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
39232	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Flowood, Hinds County, Mississippi

When examining property taxes in Flowood, 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 Hinds 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 Hinds County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Flowood. For example, the median home price in Flowood is $147,420, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Flowood, Hinds County, Mississippi

Source: Ownwell

$12,050

$95,395

$178,740

Median Flowood Market Value

$147,420

Median Hinds County Market Value

$63,595

Median Mississippi Market Value

$68,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Flowood, Hinds County, Mississippi

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
39232	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Flowood, Hinds County, Mississippi

In Flowood, located in Hinds County, MS, property tax bills are calculated based on the assessed value of the home, which is a percentage of its market value. The tax rate is then applied to this assessed value to determine the annual tax bill. With a median home price of $147,420, homeowners in Flowood face property tax bills that can be burdensome, especially when compared to the national median property tax bill of $2,400. At the 25th, 75th, and 90th percentiles, the tax bill is $3,362, indicating a significant financial obligation for homeowners. These bills are influenced by factors such as local government budgets and public service funding. This can make managing finances challenging for homeowners. However, Ownwell offers a solution by providing property tax appeal and exemption services. By leveraging expertise and local knowledge, Ownwell can help homeowners identify potential savings on their property tax bills, ensuring they pay only what is necessary and potentially reducing their financial burden.

Property Tax Bills Across Flowood, Hinds County, Mississippi

Source: Ownwell

$326

$1,397

$2,467

Median Flowood Tax Bill

$3,362

Median Hinds County Tax Bill

$1,076

Median Mississippi Tax Bill

$854

Median United States Tax Bill

$2,400

Property Tax Bills Across Flowood, Hinds County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
39232	N/A	N/A	N/A	N/A	N/A

Source: Ownwell