Tishomingo, Prentiss County, Mississippi Property Taxes

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

Median Tishomingo, MS effective property tax rate: 1.86%, significantly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Tishomingo, MS home value: $27,320
Median annual Tishomingo, MS tax bill: $299, $2,101 lower than the national median property tax bill of $2,400.

How are property taxes in Prentiss calculated?

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

Last Updated March 1, 2025

Tishomingo, Prentiss County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.05%

Estimate Property Tax Bill

$492

$456

Ownwell’s Tishomingo Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Tishomingo with just two data points. By entering your property's estimated assessed value, our calculator applies Tishomingo’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 28117. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Tishomingo, Prentiss County, Mississippi

Local government entities set tax rates, which can vary widely within a state. 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 Tishomingo’s effective property tax rate to other cities in Mississippi and the median property tax rates in Mississippi and the U.S. Tishomingo, located in Prentiss County, exhibits an effective property tax rate that aligns with the highest within the state. This means homeowners in Tishomingo may find their property tax bills above the national median of $2,400. However, this is reflective of the local government's budgetary needs and the total value of taxable property within the area. Despite the higher rate, understanding the factors contributing to these rates can empower property owners to make informed decisions regarding potential appeals or exemptions. Comparing these rates to the national median can provide valuable insights into how Tishomingo's property taxes stack up on a broader scale.

Property Tax Rates Across Tishomingo, Prentiss County, Mississippi

Source: Ownwell

0.97%

1.18%

1.39%

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 Tishomingo Tax Rate

1.05%

Median Effective Prentiss County Tax Rate

1.22%

Median Effective Mississippi Tax Rate

1.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Tishomingo, Prentiss County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
38873	0.63%	0.84%	1.05%	1.86%	1.87%

Source: Ownwell

Property Tax Assessment Values Across Tishomingo, Prentiss County, Mississippi

When examining property taxes in Tishomingo, 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 Prentiss County Tax Assessor 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 Prentiss County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Tishomingo. For example, the median home price in Tishomingo is $27,320, with tax bills ranging significantly across the county. 38873 has the highest median home price at $27,320.

Property Tax Assessment Values Across Tishomingo, Prentiss County, Mississippi

Source: Ownwell

$36,400

$46,730

$57,060

Median Tishomingo Market Value

$46,845

Median Prentiss County Market Value

$55,600

Median Mississippi Market Value

$70,930

Median United States Market Value

$235,294

Property Tax Assessment Values Across Tishomingo, Prentiss County, Mississippi

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
38873	$4,060	$15,970	$46,845	$83,998	$114,127

Source: Ownwell

Property Tax Bills Across Tishomingo, Prentiss County, Mississippi

In Tishomingo, located in Prentiss County, Mississippi, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in this area is $27,320, significantly lower than the national median. Property taxes are calculated by applying the local tax rate to the assessed value. With a median tax bill of $299, Tishomingo homeowners pay considerably less than the national median property tax bill of $2,400. However, many factors, such as changes in property value or local tax rates, can influence the final tax bill. Homeowners in Tishomingo may find their tax bills to be an unexpected burden, especially if their property is assessed higher than expected. Ownwell offers valuable services to help homeowners reduce their property tax bills by appealing incorrect assessments and ensuring all eligible exemptions are applied. By working with experts, homeowners can potentially save hundreds of dollars, making property ownership more affordable and manageable.

Property Tax Bills Across Tishomingo, Prentiss County, Mississippi

Source: Ownwell

$373

$523

$673

Median Tishomingo Tax Bill

$404

Median Prentiss County Tax Bill

$577

Median Mississippi Tax Bill

$914

Median United States Tax Bill

$2,400

Property Tax Bills Across Tishomingo, Prentiss County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
38873	$62	$195	$404	$779	$1,240

Source: Ownwell