Saltillo, Lee County, Mississippi Property Taxes
Median Saltillo, 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 Saltillo, MS home value: $125,530
Median annual Saltillo, MS tax bill: $1,638, $762 lower than the national median property tax bill of $2,400.
How are property taxes in Lee County calculated?
Property taxes in Saltillo, 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 Saltillo’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Saltillo, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Saltillo, 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
$1,657
$1,538
Property Tax Rates Across Saltillo, Lee County, Mississippi
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget annually 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 votes and laws are involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Saltillo, located in Lee County, Mississippi, the effective property tax rate is a significant factor for homeowners. Saltillo's property tax rate stands out compared to other cities in Mississippi. The median property tax rate in Mississippi is 1.32%, which is higher than the national median rate of 1.02%. This difference highlights the importance of understanding local tax rates, as they can significantly impact the overall cost of homeownership.
By comparing Saltillo's effective property tax rate to other cities in Mississippi and the U.S. median, homeowners can better assess their financial obligations and explore potential savings through property tax appeals and 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 Saltillo 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 Saltillo, Lee County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38866 | 1.07% | 1.07% | 1.32% | 1.34% | 1.98% |
Source: Ownwell
Property Tax Assessment Values Across Saltillo, Lee County, Mississippi
When examining property taxes in Saltillo, 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 the season. 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 Saltillo.
For example, the median home price in Saltillo is $125,530, with tax bills ranging significantly across the county. Zip code 38866 has the highest median home price at $125,530.
Property Tax Assessment Values Across Saltillo, Lee County, Mississippi
Source: Ownwell
$50,820
$100,800
$150,780
Median Saltillo Market Value
$125,530
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 Saltillo, Lee County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38866 | $40,096 | $73,320 | $125,530 | $188,110 | $259,998 |
Source: Ownwell
Property Tax Bills Across Saltillo, Lee County, Mississippi
Median Saltillo Tax Bill
$1,638
Median Lee County Tax Bill
$1,408
Median Mississippi Tax Bill
$854
Median United States Tax Bill
$2,400
Property Tax Bills Across Saltillo, Lee County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38866 | $535 | $977 | $1,638 | $2,340 | $3,189 |
Source: Ownwell