Terry, Hinds County, Mississippi Property Taxes
Median Terry, MS effective property tax rate: 1.06%, slightly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Terry, MS home value: $113,835
Median annual Terry, MS tax bill: $1,054, $1,346 lower than the national median property tax bill of $2,400.
How are property taxes in Hinds calculated?
Property taxes in Terry, 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 Terry’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Terry, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Terry, Hinds County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.06%
Estimate Property Tax Bill
$1,207
$1,120
Property Tax Rates Across Terry, Hinds County, Mississippi
Local government entities determine property tax rates, which can differ significantly within a state. Each year, counties estimate their budgetary needs to provide essential services and divide this by the total value of all taxable properties within their 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.
In Terry, located in Hinds County, Mississippi, the effective property tax rate is a reflection of this process. When you compare Terry’s tax rate to other cities in Mississippi, it aligns closely with the state's median property tax rate of 1.06%. This is slightly above the national median property tax rate of 1.02%, indicating a somewhat higher tax burden compared to the national average. However, property owners in Terry benefit from the services funded by these taxes, contributing to the community's overall well-being. Understanding these rates can help property owners make informed decisions and explore potential savings through property tax appeals or exemptions.
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 Terry Tax Rate
1.06%
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 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 Terry, Hinds County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39170 | 0.55% | 0.82% | 1.06% | 1.40% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Terry, Hinds County, Mississippi
When examining property taxes in Terry, 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.
Assessment notices: In Hinds 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 Terry.
For example, the median home price in Terry is $113,835, with tax bills ranging significantly across the county. Zip code 39170 has the highest median home price at $113,835.
Property Tax Assessment Values Across Terry, Hinds County, Mississippi
Source: Ownwell
$12,050
$95,395
$178,740
Median Terry Market Value
$113,835
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 Terry, Hinds County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39170 | $25,488 | $53,520 | $113,835 | $170,060 | $241,110 |
Source: Ownwell
Property Tax Bills Across Terry, Hinds County, Mississippi
Median Terry Tax Bill
$1,054
Median Hinds County Tax Bill
$1,076
Median Mississippi Tax Bill
$854
Median United States Tax Bill
$2,400
Property Tax Bills Across Terry, Hinds County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39170 | $283 | $538 | $1,054 | $1,802 | $2,734 |
Source: Ownwell