Amory, Monroe County, Mississippi Property Taxes
Median Amory, MS effective property tax rate: 1.22%, significantly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Amory, MS home value: $53,690
Median annual Amory, MS tax bill: $623, $1,777 lower than the national median property tax bill of $2,400.
How are property taxes in Monroe County calculated?
Property taxes in Amory, 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 Amory’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Amory, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Amory, Monroe County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.22%
Estimate Property Tax Bill
$655
$608
Property Tax Rates Across Amory, Monroe County, Mississippi
Local government entities set tax rates, which can vary widely within a state. This variation is due to each county annually estimating its required budget to provide services, then dividing that amount by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Amory, nestled in Monroe County, Mississippi, the effective property tax rate stands out when compared to other cities in the state. Mississippi's median property tax rate of 1.22% is higher than the national median of 1.02%. This comparison highlights the differences in property tax rates across the country.
Understanding these differences is crucial for property owners, as it directly impacts their annual expenses. By staying informed, property owners in Amory can make educated decisions about their investments and financial planning. Comparing local rates to both state and national averages provides valuable context for assessing the fairness and competitiveness of one's property tax obligations.
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 Amory Tax Rate
1.22%
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 Monroe County Tax Rate
1.48%
Median Effective Mississippi Tax Rate
1.31%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Amory, Monroe County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38821 | 0.50% | 0.79% | 1.22% | 1.85% | 2.43% |
Source: Ownwell
Property Tax Assessment Values Across Amory, Monroe County, Mississippi
When examining property taxes in Amory, 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.
In Monroe 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 Amory.
For example, the median home price in Amory is $53,690, with tax bills ranging significantly across the county. The 38821 zip code has the highest median home price at $53,690.
Property Tax Assessment Values Across Amory, Monroe County, Mississippi
Source: Ownwell
$20,090
$37,150
$54,210
Median Amory Market Value
$53,690
Median Monroe County Market Value
$48,950
Median Mississippi Market Value
$68,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Amory, Monroe County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38821 | $12,572 | $34,370 | $53,690 | $83,570 | $133,822 |
Source: Ownwell
Property Tax Bills Across Amory, Monroe County, Mississippi
Median Amory Tax Bill
$623
Median Monroe County Tax Bill
$540
Median Mississippi Tax Bill
$854
Median United States Tax Bill
$2,400
Property Tax Bills Across Amory, Monroe County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38821 | $145 | $323 | $623 | $1,039 | $1,682 |
Source: Ownwell