Columbia, Marion County, Mississippi Property Taxes

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

Median Columbia, MS effective property tax rate: 1.71%, significantly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Columbia, MS home value: $49,390
Median annual Columbia, MS tax bill: $693, $1,707 lower than the national median property tax bill of $2,400.

How are property taxes in Marion calculated?

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

Last Updated March 1, 2025

Columbia, Marion County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.71%

Estimate Property Tax Bill

$845

$784

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

Property Tax Rates Across Columbia, Marion County, Mississippi

Local government entities are responsible for setting tax rates, which can differ significantly even within a state. Each year, counties calculate their required budget to fund services and divide this by the total value of all taxable property in their area. This calculation determines the property tax rate. Though votes and laws play a role in setting tax rates and budgets, this is the core process undertaken annually. Comparing Columbia's effective property tax rate to other cities in Mississippi, it's evident that Columbia falls within the spectrum of property tax rates across the state. The median property tax rate in Mississippi is notably higher than the national median of 1.02%, making it essential for property owners to understand their local rates. In Columbia, located in Marion County, property owners should be aware of these rates to manage their expenses effectively. Understanding these local tax rates and how they compare to state and national averages can help property owners make informed decisions and potentially seek appeals or exemptions where applicable.

Property Tax Rates Across Columbia, Marion County, Mississippi

Source: Ownwell

1.29%

1.70%

2.11%

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 Columbia Tax Rate

1.71%

Median Effective Marion County Tax Rate

2.10%

Median Effective Mississippi Tax Rate

1.31%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Columbia, Marion County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
39429	0.65%	1.12%	1.71%	2.19%	2.57%

Source: Ownwell

Property Tax Assessment Values Across Columbia, Marion County, Mississippi

When examining property taxes in Columbia, MS, 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 Marion 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 Marion 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 Columbia.

For example, the median home price in Columbia is $49,390, with tax bills ranging significantly across the county. Zip code 39429 has the highest median home price at $49,390.

Property Tax Assessment Values Across Columbia, Marion County, Mississippi

Source: Ownwell

$37,935

$46,508

$55,080

Median Columbia Market Value

$49,390

Median Marion County Market Value

$47,810

Median Mississippi Market Value

$68,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Columbia, Marion County, Mississippi

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
39429	$6,540	$22,325	$49,390	$90,198	$146,121

Source: Ownwell

Property Tax Bills Across Columbia, Marion County, Mississippi

In Columbia, Marion County, MS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The property tax rate is then applied to this assessed value to determine the tax bill. For homeowners in Columbia, the median property tax bill is $693, significantly lower than the national median of $2,400. However, tax bills can vary widely, with the 25th percentile at $283 and the 90th percentile reaching $2,232. Factors such as changes in market value, local government budgets, and state laws can influence these assessments, impacting homeowners financially. Ownwell assists homeowners by identifying potential savings on their property tax bills through appeals and exemptions. By analyzing the assessed value and comparing it to similar properties, Ownwell can help ensure that homeowners are not overpaying on their taxes. This service can be particularly beneficial in areas like Columbia, where tax bills can vary significantly, offering peace of mind and potential savings.

Property Tax Bills Across Columbia, Marion County, Mississippi

Source: Ownwell

$495

$594

$693

Median Columbia Tax Bill

$693

Median Marion County Tax Bill

$627

Median Mississippi Tax Bill

$854

Median United States Tax Bill

$2,400

Property Tax Bills Across Columbia, Marion County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
39429	$112	$283	$693	$1,267	$2,232

Source: Ownwell