Flora, Madison County, Mississippi Property Taxes
Median Flora, MS effective property tax rate: 0.86%, significantly lower than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Flora, MS home value: $79,480
Median annual Flora, MS tax bill: $815, $1,585 lower than the national median property tax bill of $2,400.
How are property taxes in Madison County calculated?
Property taxes in Flora, 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 Flora’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Flora, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Flora, Madison County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.87%
Estimate Property Tax Bill
$690
$640
Property Tax Rates Across Flora, Madison County, Mississippi
Local government entities are responsible for setting tax rates, resulting in significant variability within a state. Annually, each county estimates the budget needed to provide services and divides it by the total value of all taxable property within its jurisdiction, leading to the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Flora, located in Madison County, Mississippi, the effective property tax rate is 0.86%. This rate is notably lower than the national median property tax rate of 1.02%. The uniformity of the tax rate within Madison County, as indicated by both the highest and lowest median tax rates being 0.86%, suggests a consistent approach to property taxation in this area. In comparison to other cities in Mississippi, Flora's tax rate is competitive, providing an attractive option for property owners seeking lower tax liabilities. Understanding these local nuances can be crucial for homeowners and prospective buyers in making informed decisions about property investments. By leveraging these insights, property owners can better navigate the complexities of property taxation.
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 Flora Tax Rate
0.87%
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 Madison County Tax Rate
0.97%
Median Effective Mississippi Tax Rate
1.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Flora, Madison County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39071 | 0.51% | 0.69% | 0.87% | 1.45% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Flora, Madison County, Mississippi
When examining property taxes in Flora, 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 Madison 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 Madison 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 Flora.
For example, the median home price in Flora is $79,480, with tax bills ranging significantly across the county. Zip code 39071 has the highest median home price at $79,480.
Property Tax Assessment Values Across Flora, Madison County, Mississippi
Source: Ownwell
$36,775
$132,328
$227,880
Median Flora Market Value
$79,285
Median Madison County Market Value
$167,365
Median Mississippi Market Value
$70,930
Median United States Market Value
$235,294
Property Tax Assessment Values Across Flora, Madison County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39071 | $26,697 | $41,970 | $79,285 | $181,205 | $334,265 |
Source: Ownwell
Property Tax Bills Across Flora, Madison County, Mississippi
Median Flora Tax Bill
$806
Median Madison County Tax Bill
$1,680
Median Mississippi Tax Bill
$914
Median United States Tax Bill
$2,400
Property Tax Bills Across Flora, Madison County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39071 | $202 | $414 | $806 | $1,734 | $3,092 |
Source: Ownwell