Monroe County, Mississippi Property Taxes

What Are Effective Property Tax Rates Across Monroe County?

Local government entities set tax rates, which vary widely across Monroe County. Each year, the county estimates its budget for public services and divides that total by the assessed value of all taxable property within its jurisdiction.

Below, compare Monroe County's effective property tax rate to other counties in Mississippi or the U.S. median of 1.02%.

Monroe County's median effective rate stands at 0.02%, which is lower than the national median of 1.02%. Within Monroe County, the highest rate is found in Amory at 0.02%, while Smithville has the lowest at 0.02%.

These variations reflect differences in local school district levies, special assessment districts assessments, and special district bonds — which compound the base county rate.

How are property tax bills calculated in Monroe County, Mississippi?

Property tax bills are based on the assessed value of a home, which is then multiplied by the local tax rate to determine the amount owed. In Monroe County, Mississippi, the typical property tax bill is very low compared with the national median property tax bill of $2,400, reflecting the county’s lower home values and tax burden. The median home price in the county is $48,685, which helps keep tax bills modest for many homeowners.

What factors affect the final bill? Local assessments, exemptions, and the tax rates set by taxing authorities all play a role. Homes with higher assessed values generally owe more, while eligible exemptions can reduce the amount due. For many homeowners, this means the bill can vary significantly even among similar properties.

How does this affect homeowners? Most residents see relatively small annual bills, with the 25th percentile at $3, the 75th percentile at $10, and the 90th percentile at $17.