Brandon, Smith County, Mississippi Property Taxes

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

Median Brandon, MS effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Brandon, MS home value: $104,900
Median annual Brandon, MS tax bill: $828, $1,572 lower than the national median property tax bill of $2,400.

How are property taxes in Smith County calculated?

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

Last Updated March 1, 2025

Brandon, Smith County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.83%

Estimate Property Tax Bill

$871

$808

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

Property Tax Rates Across Brandon, Smith County, Mississippi

Local government entities in Mississippi set tax rates, which can vary significantly within the state. Each year, counties like Smith estimate the budget needed to provide essential services and then divide this by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. While the process involves votes and legislation, this is the basic annual procedure.

In Brandon, located in Smith County, the effective property tax rate is notably different from other cities in Mississippi. The median property tax rate in Mississippi is 0.83%, which is below the national median of 1.02%. This means that homeowners in Brandon often pay less in property taxes compared to many other places across the country. However, the actual tax bill can vary depending on the assessed value of the property.

Understanding these variations is crucial for property owners looking to manage their expenses effectively. By comparing Brandon’s property tax rate to both state and national medians, residents can gain insights into their tax obligations and explore potential savings through appeals or exemptions.

Property Tax Rates Across Brandon, Smith County, Mississippi

Source: Ownwell

0.70%

1.12%

1.54%

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 Brandon Tax Rate

0.83%

Median Effective Smith County Tax Rate

0.83%

Median Effective Mississippi Tax Rate

1.31%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Brandon, Smith County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
39042	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Brandon, Smith County, Mississippi

When examining property taxes in Brandon, 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 Smith 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 Smith 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 Brandon. For example, the median home price in Brandon is $104,900, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Brandon, Smith County, Mississippi

Source: Ownwell

$45,975

$81,590

$117,205

Median Brandon Market Value

$104,900

Median Smith County Market Value

$63,970

Median Mississippi Market Value

$68,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Brandon, Smith County, Mississippi

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
39042	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Brandon, Smith County, Mississippi

In Brandon, MS, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in this area is $104,900, and property taxes are calculated based on this assessed value. Homeowners in Brandon can expect a median property tax bill that is significantly lower than the national median of $2,400. The tax bill at the 25th percentile is $626, while those at the 75th percentile pay around $1,092, illustrating the range of property tax burdens in the area. The 90th percentile tax bill reaches $1,475, still below the national median. These taxes fund essential public services, but they can be a substantial expense for homeowners. Ownwell offers a solution by helping homeowners appeal their property tax assessments, potentially reducing their tax obligations. By leveraging expert knowledge and local data, Ownwell can identify discrepancies in assessments, ensuring homeowners only pay their fair share and potentially saving them hundreds of dollars annually.

Property Tax Bills Across Brandon, Smith County, Mississippi

Source: Ownwell

$433

$600

$767

Median Brandon Tax Bill

$828

Median Smith County Tax Bill

$565

Median Mississippi Tax Bill

$854

Median United States Tax Bill

$2,400

Property Tax Bills Across Brandon, Smith County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
39042	N/A	N/A	N/A	N/A	N/A

Source: Ownwell