Raleigh, Smith County, Mississippi Property Taxes
Property Taxes in Raleigh, Mississippi
Median Raleigh, Mississippi effective property tax rate: 0.92%, significantly lower than the national median of 1.02%, and lower than the Mississippi state median of 1.35%.
Median Raleigh, Mississippi home value: $59,990
Median annual Raleigh, Mississippi tax bill: $570, $1,830 lower than the national median property tax bill of $2,400.
How are property taxes in Smith calculated?
Property taxes in Raleigh, Mississippi 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 Raleigh's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Raleigh, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Raleigh, Smith County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.92%
Estimate Property Tax Bill
$552
$512
How Does the Raleigh Property Tax Calculator Work?
Use this Raleigh property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Raleigh's median effective tax rate of 0.92% — based on actual property records in Smith County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Raleigh's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Raleigh: rates range from 0.92% in 39153 to 0.92% in 39153, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Raleigh.
About Raleigh Property Taxes
About Property Taxes in Raleigh, Smith, Mississippi
Raleigh’s median effective property tax rate of 0.92% is lower than the Mississippi state median of 1.35% and lower than the national median of 1.02%. This rate reflects the Smith County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Raleigh. Homeowners in the 39153 ZIP code carry a median effective rate of 0.92%, while those in the same ZIP also pay 0.92%. This means the city’s rate is consistent across the available ZIP-level data, but your assessed value still plays a major role in what you owe. The median home price is $59,990, and the median tax bill is $570, far below the national median property tax bill of $2,400.
Raleigh homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the August 3, 2026 deadline each year.
If your estimated bill seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Raleigh, Smith County, Mississippi
As noted earlier, 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 Raleigh's effective property tax rate to other cities in Mississippi and the median property tax rates in Mississippi and the U.S.
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 Raleigh Tax Rate
0.92%
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 Smith County Tax Rate
0.83%
Median Effective Mississippi Tax Rate
1.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Raleigh, Smith County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39153 | 0.38% | 0.62% | 0.92% | 1.54% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Raleigh, Smith County, Mississippi
When examining property taxes in Raleigh, Mississippi, 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 tax office 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 Smith County, assessment notices are sent in July each year. They'll typically reach your mailbox by the middle of July.
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. For context, the median home price in Raleigh is $59,990, and the median tax bill is $570, compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400.
Property Tax Assessment Values Across Raleigh, Smith County, Mississippi
Source: Ownwell
$52,125
$84,578
$117,030
Median Raleigh Market Value
$59,990
Median Smith County Market Value
$64,600
Median Mississippi Market Value
$70,930
Median United States Market Value
$235,294
Property Tax Assessment Values Across Raleigh, Smith County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39153 | $20,396 | $38,555 | $59,990 | $97,358 | $145,369 |
Source: Ownwell
Property Tax Bills Across Raleigh, Smith County, Mississippi
Property tax bills in Raleigh are based on the assessed value of a home, not its market price. Local tax rates are applied to that assessed value to determine what a homeowner owes each year. For a home with a median price of $59,990, the bill can vary widely depending on the property’s assessment and the rate set by local taxing authorities.
In this area, the 25th percentile tax bill is $314, while the 75th percentile is $998 and the 90th percentile is $1,608. The median tax bill is $570, and the same amount appears as both the highest and lowest median tax bill in ZIP code 39153. That means homeowners with similar properties can still see different bills if their assessments or exemptions differ.
Because property taxes are a recurring expense, they can have a meaningful impact on household budgets. A higher assessed value or fewer exemptions can raise the bill, while a lower assessment can reduce it.
Median Raleigh Tax Bill
$570
Median Smith County Tax Bill
$567
Median Mississippi Tax Bill
$914
Median United States Tax Bill
$2,400
Property Tax Bills Across Raleigh, Smith County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39153 | $161 | $314 | $570 | $998 | $1,608 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 3 |
Links | |
|---|---|
| Smith Tax Assessor | |
| Website | www.deltacomputersystems.com |