Collinsville, Lauderdale County, Mississippi Property Taxes

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

Median Collinsville, MS effective property tax rate: 1.00%, slightly lower than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Collinsville, MS home value: $112,120
Median annual Collinsville, MS tax bill: $1,096, $1,304 lower than the national median property tax bill of $2,400.

How are property taxes in Lauderdale calculated?

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

Last Updated March 1, 2025

Collinsville, Lauderdale County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

Estimate Property Tax Bill

$1,121

$1,040

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

Property Tax Rates Across Collinsville, Lauderdale County, Mississippi

Local government entities set tax rates, and these can vary significantly even within a single state. This variation exists because every year, each county estimates its budgetary needs to provide essential services and then divides this by the total value of all taxable property under its jurisdiction. This calculation determines the property tax rate. While the process involves votes and laws, this is essentially how it works annually. In Collinsville, located in Lauderdale County, Mississippi, the effective property tax rate stands at 1.00%, which is precisely aligned with the state's median rate. This figure is slightly below the national median property tax rate of 1.02%. When comparing property taxes, Collinsville's rate provides a competitive edge, particularly for those looking to balance cost with the quality of local services. Understanding these rates helps residents make informed decisions about property ownership and financial planning.

Property Tax Rates Across Collinsville, Lauderdale County, Mississippi

Source: Ownwell

0.97%

1.54%

2.12%

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 Collinsville Tax Rate

1.00%

Median Effective Lauderdale County Tax Rate

1.54%

Median Effective Mississippi Tax Rate

1.31%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Collinsville, Lauderdale County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
39325	0.51%	0.78%	1.00%	1.19%	1.78%

Source: Ownwell

Property Tax Assessment Values Across Collinsville, Lauderdale County, Mississippi

When examining property taxes in Collinsville, MS, 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 Lauderdale 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 Lauderdale County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Collinsville.

For example, the median home price in Collinsville is $112,120, with tax bills ranging significantly across the county. 39325 has the highest median home price at $112,120.

Property Tax Assessment Values Across Collinsville, Lauderdale County, Mississippi

Source: Ownwell

$36,385

$78,658

$120,930

Median Collinsville Market Value

$112,120

Median Lauderdale County Market Value

$61,125

Median Mississippi Market Value

$68,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Collinsville, Lauderdale County, Mississippi

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
39325	$23,996	$54,715	$112,120	$182,995	$240,290

Source: Ownwell

Property Tax Bills Across Collinsville, Lauderdale County, Mississippi

In Collinsville, located in Lauderdale County, MS, property tax bills are determined by the assessed value of a home and the local tax rate. The median home price in Collinsville is $112,120, and homeowners can expect a range of tax bills. For instance, the 25th percentile tax bill is about $494, while the 75th percentile tax bill reaches up to $1,921. The 90th percentile tax bill can go as high as $2,617, reflecting variations in property values and tax rates. Compared to the national median property tax bill of $2,400, Collinsville's property tax bills can be significantly lower, offering some relief to homeowners. However, understanding how these taxes are calculated and ensuring accuracy can be challenging. This is where Ownwell steps in, offering expertise in property tax appeals and exemptions. By analyzing your property's assessed value and identifying potential savings, Ownwell can help reduce your tax burden, ensuring you're not overpaying and keeping more money in your pocket.

Property Tax Bills Across Collinsville, Lauderdale County, Mississippi

Source: Ownwell

$447

$1,046

$1,645

Median Collinsville Tax Bill

$1,096

Median Lauderdale County Tax Bill

$844

Median Mississippi Tax Bill

$854

Median United States Tax Bill

$2,400

Property Tax Bills Across Collinsville, Lauderdale County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
39325	$224	$494	$1,096	$1,921	$2,617

Source: Ownwell