Greenwood, Leflore County, Mississippi Property Taxes

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

Median Greenwood, MS effective property tax rate: 1.83%, significantly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Greenwood, MS home value: $40,672
Median annual Greenwood, MS tax bill: $617, $1,783 lower than the national median property tax bill of $2,400.

How are property taxes in Leflore calculated?

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

Last Updated March 1, 2025

Greenwood, Leflore County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.83%

Estimate Property Tax Bill

$744

$691

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

Property Tax Rates Across Greenwood, Leflore County, Mississippi

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget to provide services and dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Though votes and laws play a role in setting these rates and budgets, this is the core of the annual process.

In Greenwood, located in Leflore County, Mississippi, the effective property tax rate stands at 1.83%, which is significantly higher than the national median property tax rate of 1.02%. This means that homeowners in Greenwood face a higher property tax burden compared to many other areas across the country. In comparison to other cities in Mississippi, Greenwood's rate is one of the highest, indicating a relatively greater demand for public services or a smaller tax base. Understanding these rates can provide valuable insight for homeowners and potential buyers, highlighting the importance of property tax appeal and exemption services in managing these costs effectively.

Property Tax Rates Across Greenwood, Leflore County, Mississippi

Source: Ownwell

1.18%

1.50%

1.83%

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 Greenwood Tax Rate

1.83%

Median Effective Leflore County Tax Rate

1.83%

Median Effective Mississippi Tax Rate

1.31%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Greenwood, Leflore County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
38930	0.81%	1.18%	1.83%	2.63%	2.63%
38950	N/A	N/A	N/A	N/A	N/A
38954	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Greenwood, Leflore County, Mississippi

When examining property taxes in Greenwood, 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 Leflore County Tax Assessor’s Office 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 Leflore 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 Greenwood.

For example, the median home price in Greenwood is $40,672, with tax bills ranging significantly across the county. Zip code 38930 has the highest median home price at $40,644.

Property Tax Assessment Values Across Greenwood, Leflore County, Mississippi

Source: Ownwell

$22,080

$48,564

$75,048

Median Greenwood Market Value

$40,672

Median Leflore County Market Value

$41,840

Median Mississippi Market Value

$68,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Greenwood, Leflore County, Mississippi

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
38930	$11,377	$21,589	$40,644	$63,019	$103,696
38950	N/A	N/A	N/A	N/A	N/A
38954	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Greenwood, Leflore County, Mississippi

In Greenwood, property tax bills are calculated based on the assessed value of a home, which is a percentage of the property's market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property location, improvements, and changes in market conditions can influence the assessed value. With a median home price of $40,672, homeowners in Greenwood experience property tax bills that can vary significantly. The 25th percentile tax bill is $338, while the 75th percentile reaches $1,027, and the 90th percentile climbs to $1,788. Despite the highest and lowest median tax bills both being $617 in the zip code 38930, Greenwood's property tax rate is relatively moderate compared to the national median of 1.02%. Homeowners can benefit from appealing their property tax assessments to ensure they are not overpaying. Ownwell assists homeowners by identifying potential savings through exemptions and appeals, potentially lowering their property tax bills and alleviating financial burdens.

Property Tax Bills Across Greenwood, Leflore County, Mississippi

Source: Ownwell

$387

$612

$836

Median Greenwood Tax Bill

$617

Median Leflore County Tax Bill

$611

Median Mississippi Tax Bill

$854

Median United States Tax Bill

$2,400

Property Tax Bills Across Greenwood, Leflore County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
38930	$180	$338	$617	$1,023	$1,778
38950	N/A	N/A	N/A	N/A	N/A
38954	N/A	N/A	N/A	N/A	N/A

Source: Ownwell