Collinsville, Neshoba County, Mississippi Property Taxes
Median Collinsville, MS effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Collinsville, MS home value: $53,000
Median annual Collinsville, MS tax bill: $433, $1,967 lower than the national median property tax bill of $2,400.
How are property taxes in Neshoba calculated?
Property taxes in Collinsville, 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 Collinsville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Collinsville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Collinsville, Neshoba County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.87%
Estimate Property Tax Bill
$461
$428
Property Tax Rates Across Collinsville, Neshoba County, Mississippi
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 Collinsville’s effective property tax rate to other cities in Mississippi and the median property tax rates in Mississippi and the U.S.
In Mississippi, the median property tax rate stands at 0.87%, which is lower than the national median of 1.02%. This means that property owners in Collinsville, located in Neshoba County, benefit from a relatively lower tax rate compared to the national average. This can be particularly advantageous for homeowners looking to reduce their annual tax burden. By understanding these rates, property owners in Collinsville can make informed decisions about property investments and tax appeals. Whether you're considering purchasing a property or are a current homeowner, staying informed about local tax rates is crucial for financial planning and maximizing your property investment.
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 Collinsville Tax Rate
0.87%
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 Neshoba County Tax Rate
1.25%
Median Effective Mississippi Tax Rate
1.31%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Collinsville, Neshoba County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39325 | 0.53% | 0.71% | 0.87% | 1.66% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Collinsville, Neshoba County, Mississippi
When examining property taxes in Collinsville, MS, 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 Neshoba 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 Neshoba 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 Collinsville. For example, the median home price in Collinsville is $53,000, with tax bills ranging significantly across the county. 39325 has the highest median home price at $53,000.
Property Tax Assessment Values Across Collinsville, Neshoba County, Mississippi
Source: Ownwell
$21,405
$40,543
$59,680
Median Collinsville Market Value
$53,000
Median Neshoba County Market Value
$53,540
Median Mississippi Market Value
$68,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Collinsville, Neshoba County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39325 | $6,900 | $23,315 | $53,000 | $84,970 | $125,530 |
Source: Ownwell
Property Tax Bills Across Collinsville, Neshoba County, Mississippi
Median Collinsville Tax Bill
$433
Median Neshoba County Tax Bill
$527
Median Mississippi Tax Bill
$854
Median United States Tax Bill
$2,400
Property Tax Bills Across Collinsville, Neshoba County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39325 | $59 | $185 | $433 | $850 | $1,540 |
Source: Ownwell
