Walnut Grove, Leake County, Mississippi Property Taxes
Property Taxes in Walnut Grove, Mississippi
Median Walnut Grove, Mississippi effective property tax rate: 0.85%, significantly lower than the national median of 1.02%, and lower than the Mississippi state median of 1.35%.
Median Walnut Grove, Mississippi home value: $56,665
Median annual Walnut Grove, Mississippi tax bill: $472, lower than the national median property tax bill of $2,400.
How are property taxes in Leake calculated?
Property taxes in Walnut Grove, Mississippi 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 Walnut Grove's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Walnut Grove, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Walnut Grove, Leake County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.85%
Estimate Property Tax Bill
$482
$447
How Does the Walnut Grove Property Tax Calculator Work?
Use this Walnut Grove property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Walnut Grove's median effective tax rate of 0.85% — based on actual property records in Leake County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Walnut Grove's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Walnut Grove: rates range from 0.85% in 39189 to 0.85% in 39189, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Walnut Grove.
About Walnut Grove Property Taxes
About Property Taxes in Walnut Grove, Leake, Mississippi
Walnut Grove's median effective property tax rate of 0.85% is lower than the Mississippi state median of 1.35% and lower than the national median of 1.02%. This rate reflects the Leake County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Walnut Grove. Homeowners in the 39189 ZIP code carry a median effective rate of 0.85%, while those in the lowest ZIP also pay 0.85%. This spread reflects how school district boundaries and local assessment districts are drawn across Leake County. Understanding which part of Walnut Grove you live in can make a meaningful difference to your annual tax bill.
Walnut Grove homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the August 3, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Walnut Grove, Leake County, Mississippi
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its 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.
Below, you can compare Walnut Grove's effective property tax rate to other cities in Mississippi and the median property tax rates in Mississippi and the U.S.
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 Walnut Grove Tax Rate
0.85%
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 Leake County Tax Rate
0.87%
Median Effective Mississippi Tax Rate
1.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Walnut Grove, Leake County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39189 | 0.22% | 0.69% | 0.85% | 1.02% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Walnut Grove, Leake County, Mississippi
When examining property taxes in Walnut Grove, 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 Leake County tax assessor 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 are sent in the spring each year and typically reach your mailbox by the middle of the month. 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.
For example, the median home price in Walnut Grove is $56,665, while the median tax bill is $472, well below the national median property tax bill of $2,400. In 39189, the highest median home price is $56,665.
Property Tax Assessment Values Across Walnut Grove, Leake County, Mississippi
Source: Ownwell
$50,245
$59,198
$68,150
Median Walnut Grove Market Value
$56,665
Median Leake County Market Value
$64,625
Median Mississippi Market Value
$70,930
Median United States Market Value
$235,294
Property Tax Assessment Values Across Walnut Grove, Leake County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39189 | $16,390 | $34,572 | $56,665 | $94,970 | $155,060 |
Source: Ownwell
Property Tax Bills Across Walnut Grove, Leake County, Mississippi
Walnut Grove property tax bills are calculated from the assessed value of a home, not its market price alone. Local tax rates are then applied to that assessed value to determine the amount due each year. Factors such as property characteristics, location within Leake County, and any applicable exemptions can all influence the final bill.
With a median home price of $56,665, homeowners in Walnut Grove often see tax bills that are lower than many places across the country. The 25th percentile tax bill is $249, while the 75th percentile is $922 and the 90th percentile is $1,874. The median tax bill in the ZIP code 39189 is $472.00.
Because property taxes are based on assessed value, changes in that assessment can affect what homeowners pay. A higher assessment can increase the bill, while exemptions may reduce it.
Median Walnut Grove Tax Bill
$472
Median Leake County Tax Bill
$576
Median Mississippi Tax Bill
$914
Median United States Tax Bill
$2,400
Property Tax Bills Across Walnut Grove, Leake County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39189 | $84 | $249 | $472 | $922 | $1,874 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 3 |
Links | |
|---|---|
| Leake Tax Assessor | |
| Website | www.deltacomputersystems.com |