Aberdeen, Monroe County, Mississippi Property Taxes

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

Median Aberdeen, MS effective property tax rate: 1.61%, significantly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Aberdeen, MS home value: $44,400
Median annual Aberdeen, MS tax bill: $588, $1,812 lower than the national median property tax bill of $2,400.

How are property taxes in Monroe calculated?

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

Last Updated March 1, 2025

Aberdeen, Monroe County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.02%

Estimate Property Tax Bill

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

Property Tax Rates Across Aberdeen, Monroe County, Mississippi

Local government entities set tax rates, which can vary widely within a state. Each county in Mississippi estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction to calculate the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process. You can compare Aberdeen’s effective property tax rate to other cities in Mississippi and the median property tax rates in Mississippi and the U.S. Monroe County, where Aberdeen is located, has a median property tax rate of 1.61%, which is significantly higher than the national median rate of 1.02%. This means that property owners in Aberdeen pay a higher percentage of their property's assessed value in taxes compared to the national average. Understanding these rates can help property owners in Aberdeen make informed decisions about their property tax appeals and exemptions.

Property Tax Rates Across Aberdeen, Monroe County, Mississippi

Source: Ownwell

Infinity%

NaN%

-Infinity%

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 Aberdeen Tax Rate

0.02%

Median Effective Monroe County Tax Rate

0.02%

Median Effective Mississippi Tax Rate

1.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Aberdeen, Monroe County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
39730	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Aberdeen, Monroe County, Mississippi

When examining property taxes in Aberdeen, 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 Monroe 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 Monroe 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 Aberdeen. For example, the median home price in Aberdeen is $44,400, with tax bills ranging significantly across the county. Zip code 39730 has the highest median home price at $44,400.

Property Tax Assessment Values Across Aberdeen, Monroe County, Mississippi

Source: Ownwell

$∞

$NaN

-$∞

Median Aberdeen Market Value

$44,685

Median Monroe County Market Value

$48,685

Median Mississippi Market Value

$70,930

Median United States Market Value

$235,294

Property Tax Assessment Values Across Aberdeen, Monroe County, Mississippi

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
39730	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Aberdeen, Monroe County, Mississippi

In Aberdeen, Monroe County, MS, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as the property's location, size, and any applicable exemptions can influence the assessed value. For homeowners in Aberdeen, the median property tax bill is $588, which is significantly lower than the national median of $2400, reflecting the area's lower median home price of $44,400. However, tax bills can vary widely, with the 25th percentile at $239 and the 90th percentile reaching up to $1539. This variability can impact homeowners' financial planning and budgeting. Ownwell can assist homeowners in Aberdeen by reviewing their property assessments, identifying potential errors, and filing appeals to ensure fair taxation. By leveraging local expertise and understanding of tax regulations, Ownwell helps homeowners potentially reduce their property tax burdens, providing peace of mind and potential savings.

Property Tax Bills Across Aberdeen, Monroe County, Mississippi

Source: Ownwell

$∞

$NaN

-$∞

Median Aberdeen Tax Bill

Median Monroe County Tax Bill

Median Mississippi Tax Bill

$914

Median United States Tax Bill

$2,400

Property Tax Bills Across Aberdeen, Monroe County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
39730	N/A	N/A	N/A	N/A	N/A

Source: Ownwell