Baldwyn, Lee County, Mississippi Property Taxes
Median Baldwyn, MS effective property tax rate: 1.32%, significantly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Baldwyn, MS home value: $74,670
Median annual Baldwyn, MS tax bill: $971, $1,429 lower than the national median property tax bill of $2,400.
How are property taxes in Lee County calculated?
Property taxes in Baldwyn, 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 Baldwyn’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Baldwyn, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Baldwyn, Lee County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.32%
Estimate Property Tax Bill
$986
$915
Property Tax Rates Across Baldwyn, Lee 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. 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 Baldwyn in Lee County, Mississippi, the effective property tax rate stands at 1.32%, which is higher than the national median property tax rate of 1.02%. This means that property owners in Baldwyn are likely to pay more in property taxes compared to many other regions across the country. However, this rate is consistent with the highest and lowest median rates within the area, all recorded at 1.32%. When compared to other cities in Mississippi, Baldwyn's property tax rate reflects the unique budgetary needs and property valuations of the region. Understanding these rates can help property owners anticipate their annual tax obligations and seek potential savings through 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 Baldwyn Tax Rate
1.32%
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 Lee County Tax Rate
1.34%
Median Effective Mississippi Tax Rate
1.31%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Baldwyn, Lee County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38824 | 0.96% | 1.02% | 1.32% | 1.45% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Baldwyn, Lee County, Mississippi
When examining property taxes in Baldwyn, 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 Lee 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 Lee 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 Baldwyn. For example, the median home price in Baldwyn is $74,670, with tax bills ranging significantly across the county. Zip code 38824 has the highest median home price at $74,670.
Property Tax Assessment Values Across Baldwyn, Lee County, Mississippi
Source: Ownwell
$50,820
$100,800
$150,780
Median Baldwyn Market Value
$74,670
Median Lee County Market Value
$101,000
Median Mississippi Market Value
$68,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Baldwyn, Lee County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38824 | $26,124 | $44,955 | $74,670 | $128,540 | $180,760 |
Source: Ownwell
Property Tax Bills Across Baldwyn, Lee County, Mississippi
In Baldwyn, located in Lee County, MS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Baldwyn is $74,670, and the property tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in Baldwyn can expect a property tax bill ranging from $622 at the 25th percentile to $2,166 at the 90th percentile. The median tax bill stands at $971, which is significantly lower than the national median of $2,400. This lower tax bill is a reflection of the relatively low property values in the area compared to the national average.
Homeowners can benefit from Ownwell's expertise in property tax appeals and exemptions. Ownwell helps ensure that property assessments are fair and accurate, potentially lowering tax bills. By leveraging local knowledge and data, Ownwell assists homeowners in identifying opportunities for savings, ensuring they pay only their fair share in property taxes.
Median Baldwyn Tax Bill
$971
Median Lee County Tax Bill
$1,408
Median Mississippi Tax Bill
$854
Median United States Tax Bill
$2,400
Property Tax Bills Across Baldwyn, Lee County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38824 | $378 | $622 | $971 | $1,520 | $2,166 |
Source: Ownwell
