Red Banks, Marshall County, Mississippi Property Taxes

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Property Taxes in Red Banks, Mississippi

Median Red Banks, Mississippi effective property tax rate: 1.33%, significantly lower than the national median of 1.02%, and slightly lower than the Mississippi state median of 1.35%.
Median Red Banks, Mississippi home value: $71,780
Median annual Red Banks, Mississippi tax bill: $739, lower than the national median property tax bill of $2,400.

How are property taxes in Marshall calculated?

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

Last Updated April 13, 2026

Red Banks, Marshall County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.33%

Estimate Property Tax Bill

$955

$886

How Does the Red Banks Property Tax Calculator Work?

Use this Red Banks property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Red Banks's median effective tax rate of 1.33% — based on actual property records in Marshall County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Red Banks's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within Red Banks: rates range from 1.33% in 38661 to 1.33% in 38661, primarily due to differences in school district levies and local assessment districts.

For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Red Banks.

About Red Banks Property Taxes

About Property Taxes in Red Banks, Marshall, Mississippi

Red Banks’s median effective property tax rate of 1.33% is higher than the Mississippi state median of 1.35% and higher than the national median of 1.02%. This rate reflects the Marshall County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.

Property tax rates are not uniform across Red Banks. Homeowners in the 38661 ZIP code carry a median effective rate of 1.33%, while those in the same ZIP code pay 1.33%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Marshall County. Understanding which part of Red Banks you live in can make a meaningful difference to your annual tax bill.

Red Banks homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the August 3, 2026 deadline each year.

If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across Red Banks, Marshall County, Mississippi

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? Because annually, each county estimates its required budget 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 there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Red Banks's effective property tax rate to other cities in Mississippi and the median property tax rates in Mississippi and the U.S.

Property Tax Rates Across Red Banks, Marshall County, Mississippi

Source: Ownwell

1.19%

1.48%

1.78%

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 Red Banks Tax Rate

1.33%

Median Effective Marshall County Tax Rate

1.78%

Median Effective Mississippi Tax Rate

1.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Red Banks, Marshall County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
38661	0.53%	0.85%	1.33%	1.78%	1.79%

Source: Ownwell

Property Tax Assessment Values Across Red Banks, Marshall County, Mississippi

When examining property taxes in Red Banks, 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.

Assessment notices:

In Marshall County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.

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 Red Banks.

For example, the median home price in Red Banks is $71,780, with tax bills ranging significantly across the county. 38661 has the highest median home price at $71,780.

Property Tax Assessment Values Across Red Banks, Marshall County, Mississippi

Source: Ownwell

$31,850

$51,815

$71,780

Median Red Banks Market Value

$71,780

Median Marshall County Market Value

$58,620

Median Mississippi Market Value

$70,930

Median United States Market Value

$235,294

Property Tax Assessment Values Across Red Banks, Marshall County, Mississippi

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
38661	$10,061	$32,828	$71,780	$135,098	$204,093

Source: Ownwell

Property Tax Bills Across Red Banks, Marshall County, Mississippi

Property tax bills in Red Banks are calculated from the assessed value of a home and the local tax rate set by Marshall County and other taxing authorities. The assessed value is based on the property’s market value, and the final bill reflects how that value is taxed after any exemptions or local adjustments are applied. For homeowners, this means that a higher assessed value can lead to a larger tax bill, while a lower assessed value can reduce what is owed.

In Red Banks, the median home price is $71,780, and the median property tax bill is $739.00. That is well below the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Tax bills can still vary widely, with the 25th percentile at $316 and the 75th percentile at $1,526. For some homeowners, that difference can have a meaningful impact on monthly housing costs and overall affordability.

Property Tax Bills Across Red Banks, Marshall County, Mississippi

Source: Ownwell

$418

$598

$777

Median Red Banks Tax Bill

$739

Median Marshall County Tax Bill

$668

Median Mississippi Tax Bill

$914

Median United States Tax Bill

$2,400

Property Tax Bills Across Red Banks, Marshall County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
38661	$120	$316	$739	$1,526	$2,508

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	August 3

Links
Marshall Tax Assessor
Website	www.deltacomputersystems.com

Frequently Asked Property Tax Questions in Red Banks, Mississippi

How are property taxes calculated in Red Banks, Mississippi?

Property taxes in Red Banks, Mississippi are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in Red Banks, Mississippi?

To appeal your property taxes in Red Banks, Mississippi, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in Red Banks, Mississippi?

Common property tax exemptions in Red Banks, Mississippi include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in Red Banks, Mississippi?

Property tax deadlines in Red Banks, Mississippi vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in Red Banks, Mississippi?

Ownwell provides professional property tax appeal services in Red Banks, Mississippi. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.