Coldwater, Marshall County, Mississippi Property Taxes
Median Coldwater, MS effective property tax rate: 1.72%, significantly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Coldwater, MS home value: $31,190
Median annual Coldwater, MS tax bill: $401, $1,999 lower than the national median property tax bill of $2,400.
How are property taxes in Marshall calculated?
Property taxes in Coldwater, 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 Coldwater’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Coldwater, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Coldwater, Marshall County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.72%
Estimate Property Tax Bill
$536
$498
Property Tax Rates Across Coldwater, Marshall County, Mississippi
Local government entities set tax rates, which can vary widely within a state. Each year, counties estimate their required budget for services and divide it by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell.
In Coldwater, located in Marshall County, Mississippi, the effective property tax rate stands at 1.72%. This rate is notably higher than the national median property tax rate of 1.02%. When compared to other cities within Mississippi, Coldwater's rate is among the highest, reflecting the county's budgetary needs and valuation of taxable properties.
Understanding how these rates are determined can empower property owners to make informed decisions about their investments. By comparing Coldwater's rate to both state and national figures, property owners can better assess their tax liabilities and explore 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 Coldwater Tax Rate
1.72%
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 Marshall County Tax Rate
1.72%
Median Effective Mississippi Tax Rate
1.31%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Coldwater, Marshall County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38618 | 0.65% | 0.97% | 1.72% | 1.72% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Coldwater, Marshall County, Mississippi
When examining property taxes in Coldwater, 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 Marshall 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 Marshall 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 Coldwater. For example, the median home price in Coldwater is $31,190, with tax bills ranging significantly across the county. Zip code 38618 has the highest median home price at $31,190.
Property Tax Assessment Values Across Coldwater, Marshall County, Mississippi
Source: Ownwell
$31,190
$49,310
$67,430
Median Coldwater Market Value
$31,190
Median Marshall County Market Value
$56,450
Median Mississippi Market Value
$68,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Coldwater, Marshall County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38618 | $6,640 | $13,280 | $31,190 | $68,740 | $96,710 |
Source: Ownwell
Property Tax Bills Across Coldwater, Marshall County, Mississippi
Median Coldwater Tax Bill
$401
Median Marshall County Tax Bill
$600
Median Mississippi Tax Bill
$854
Median United States Tax Bill
$2,400
Property Tax Bills Across Coldwater, Marshall County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38618 | $80 | $164 | $401 | $694 | $1,199 |
Source: Ownwell