Sharkey County, Mississippi Property Taxes

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

Median Sharkey County effective property tax rate: 0.90%, significantly lower than the national median of 1.02%.
Median Sharkey County home value: $46,390
Median annual Sharkey County tax bill: $408, $1,992 lower than the national median property tax bill of $2,400.

How are property taxes in Sharkey County calculated?

Property taxes in Sharkey County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Rolling Fork or another part of Sharkey County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Sharkey County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.9%

Estimate Property Tax Bill

$418

$387

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

Property Tax Rates Across Sharkey County, Mississippi

Local government entities are responsible for setting property tax rates, which can differ significantly across a state. This variation occurs because each county annually calculates its necessary budget to fund public services and divides it by the total value of all taxable property within its borders. This process determines the property tax rate for the area. Although there are votes and legislative measures involved in setting these rates and budgets, this is essentially how it works each year.

You can compare Sharkey County's effective property tax rate to other counties in Mississippi or the U.S. median property tax rate. Sharkey County's rate is slightly below the national median rate of 1.02%, providing a relatively favorable tax environment for property owners. This lower tax rate can make a significant difference in the overall cost of homeownership, especially when compared to areas with higher rates. Understanding these differences is crucial for property owners seeking to manage their tax liabilities effectively.

Property Tax Rates Across Sharkey 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 Sharkey County Tax Rate

0.90%

Median Effective Mississippi Tax Rate

1.31%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Sharkey County, Mississippi

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Anguilla	N/A	N/A	N/A	N/A	N/A
Cary	N/A	N/A	N/A	N/A	N/A
Delta City	N/A	N/A	N/A	N/A	N/A
Hollandale	N/A	N/A	N/A	N/A	N/A
Holly Bluff	N/A	N/A	N/A	N/A	N/A
Panther Burn	N/A	N/A	N/A	N/A	N/A
Rolling Fork	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Sharkey County, Mississippi

When examining property taxes in Sharkey County, 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 Sharkey 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. Assessment notices: In Sharkey 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 Sharkey County. For example, the median tax bill in Sharkey County is $851, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Sharkey County, Mississippi

Source: Ownwell

$∞

$NaN

-$∞

Median Sharkey County Market Value

$46,390

Median Mississippi Market Value

$68,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Sharkey County, Mississippi

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Anguilla	N/A	N/A	N/A	N/A	N/A
Cary	N/A	N/A	N/A	N/A	N/A
Delta City	N/A	N/A	N/A	N/A	N/A
Hollandale	N/A	N/A	N/A	N/A	N/A
Holly Bluff	N/A	N/A	N/A	N/A	N/A
Panther Burn	N/A	N/A	N/A	N/A	N/A
Rolling Fork	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Sharkey County, Mississippi

In Sharkey County, MS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. Homeowners in Sharkey County experience a range of tax bills, with those at the 25th percentile paying around $43, while those at the 75th percentile pay approximately $851. The top 10% of taxpayers face bills as high as $1,477. These figures are notably lower than the national median property tax bill of $2,400. The median home price in Sharkey County is $46,390, which is significantly below national levels, contributing to the lower tax bills. For homeowners, these tax bills represent a critical aspect of property ownership, impacting their annual financial planning. The relatively low property tax rates and bills in Sharkey County can be an attractive factor for potential homeowners seeking affordability compared to national averages.

Property Tax Bills Across Sharkey County, Mississippi

Source: Ownwell

$∞

$NaN

-$∞

Median Sharkey County Tax Bill

$408

Median Mississippi Tax Bill

$854

Median United States Tax Bill

$2,400

Property Tax Bills Across Sharkey County, Mississippi

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Anguilla	N/A	N/A	N/A	N/A	N/A
Cary	N/A	N/A	N/A	N/A	N/A
Delta City	N/A	N/A	N/A	N/A	N/A
Hollandale	N/A	N/A	N/A	N/A	N/A
Holly Bluff	N/A	N/A	N/A	N/A	N/A
Panther Burn	N/A	N/A	N/A	N/A	N/A
Rolling Fork	N/A	N/A	N/A	N/A	N/A

Source: Ownwell