Florence, Simpson County, Mississippi Property Taxes

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

Median Florence, MS effective property tax rate: 0.89%, significantly lower than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Florence, MS home value: $53,690
Median annual Florence, MS tax bill: $403, $1,997 lower than the national median property tax bill of $2,400.

How are property taxes in Simpson calculated?

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

Last Updated March 1, 2025

Florence, Simpson County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.89%

Estimate Property Tax Bill

$478

$443

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

Property Tax Rates Across Florence, Simpson County, Mississippi

Local government entities determine tax rates, which can differ significantly within a state. Each county estimates its required budget to provide essential services annually and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While voting and legislation play roles in setting tax rates and budgets, this is the core of the annual process.

In Florence, located in Simpson County, the effective property tax rate is worth noting, especially when compared to other cities in Mississippi and the national median. With the median property tax rate in Mississippi at 0.89%, Florence aligns with the state's overall trend. This rate is notably lower than the national median property tax rate of 1.02%, offering residents a more favorable tax environment compared to many other parts of the country.

Residents in Florence benefit from this relatively low property tax rate, which can be an attractive factor for potential homeowners or investors considering the area. Understanding these rates can aid in making informed decisions regarding property investments and financial planning.

Property Tax Rates Across Florence, Simpson County, Mississippi

Source: Ownwell

0.86%

1.27%

1.69%

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 Florence Tax Rate

0.89%

Median Effective Simpson County Tax Rate

0.99%

Median Effective Mississippi Tax Rate

1.31%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Florence, Simpson County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
39073	0.35%	0.69%	0.89%	1.64%	1.71%

Source: Ownwell

Property Tax Assessment Values Across Florence, Simpson County, Mississippi

When examining property taxes in Florence, 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 Simpson 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 Simpson 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 Florence. For example, the median home price in Florence is $53,690, with tax bills ranging significantly across the county. 39073 has the highest median home price at $53,690.

Property Tax Assessment Values Across Florence, Simpson County, Mississippi

Source: Ownwell

$41,060

$49,345

$57,630

Median Florence Market Value

$53,690

Median Simpson County Market Value

$52,820

Median Mississippi Market Value

$68,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Florence, Simpson County, Mississippi

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
39073	$12,784	$22,628	$53,690	$85,722	$148,570

Source: Ownwell

Property Tax Bills Across Florence, Simpson County, Mississippi

In Florence, Simpson County, MS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. With the median home price at $53,690, the property tax rate is a key factor in determining the annual tax bill. Homeowners in Florence experience tax bills ranging significantly, with the 25th percentile at $213 and the 75th percentile reaching $899. The 90th percentile tax bill can go up to $1,473, indicating a wide variance based on property assessments and local tax rates. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Florence's tax bills are relatively lower. However, homeowners can still benefit from reducing their tax burdens. Ownwell provides expert property tax appeal and exemption services, helping homeowners ensure their assessed values are fair and potentially lowering their tax bills. By analyzing local market trends and leveraging their expertise, Ownwell can identify opportunities for savings, providing financial relief to homeowners in Florence.

Property Tax Bills Across Florence, Simpson County, Mississippi

Source: Ownwell

$396

$505

$614

Median Florence Tax Bill

$403

Median Simpson County Tax Bill

$510

Median Mississippi Tax Bill

$854

Median United States Tax Bill

$2,400

Property Tax Bills Across Florence, Simpson County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
39073	$100	$213	$403	$899	$1,473

Source: Ownwell