Charleston, Tallahatchie County, Mississippi Property Taxes
Median Charleston, MS effective property tax rate: 1.71%, significantly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Charleston, MS home value: $43,090
Median annual Charleston, MS tax bill: $495, $1,905 lower than the national median property tax bill of $2,400.
How are property taxes in Tallahatchie calculated?
Property taxes in Charleston, 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 Charleston’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Charleston, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Charleston, Tallahatchie County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.71%
Estimate Property Tax Bill
$737
$684
Property Tax Rates Across Charleston, Tallahatchie County, Mississippi
Local government entities set tax rates, which can vary widely within a state. This variation occurs 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.
Charleston in Tallahatchie County, Mississippi, has a median property tax rate of 1.71%, which is higher than the national median of 1.02%. This means property owners in Charleston contribute a larger portion of their property's assessed value towards taxes compared to the national average. This can be significant for homeowners evaluating their expenses.
Understanding how Charleston's effective property tax rate compares to other cities in Mississippi, as well as the median property tax rates in the state and the U.S., is crucial for property owners. By recognizing these differences, property owners can make informed decisions about property investments and budget planning, ensuring they are prepared for the financial responsibilities associated with property ownership in Charleston.
Property Tax Rates Across Charleston, Tallahatchie County, Mississippi
Source: Ownwell
0.73%
1.32%
1.92%
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 Charleston Tax Rate
1.71%
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 Tallahatchie County Tax Rate
1.71%
Median Effective Mississippi Tax Rate
1.31%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Charleston, Tallahatchie County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38921 | 0.47% | 0.85% | 1.71% | 1.87% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Charleston, Tallahatchie County, Mississippi
When examining property taxes in Charleston, 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 Tallahatchie 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 Tallahatchie 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 Charleston.
For example, the median home price in Charleston is $43,090, with tax bills ranging significantly across the county. Zip code 38921 has the highest median home price at $43,047.
Property Tax Assessment Values Across Charleston, Tallahatchie County, Mississippi
Source: Ownwell
$35,872
$44,351
$52,830
Median Charleston Market Value
$43,090
Median Tallahatchie County Market Value
$42,376
Median Mississippi Market Value
$68,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Charleston, Tallahatchie County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38921 | $8,811 | $21,142 | $43,047 | $69,791 | $109,502 |
Source: Ownwell
Property Tax Bills Across Charleston, Tallahatchie County, Mississippi
In Charleston, located in Tallahatchie County, Mississippi, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. With a median home price of $43,090, homeowners in Charleston typically pay a property tax bill that ranges from $233 at the 25th percentile to $1,491 at the 90th percentile. While the highest and lowest median tax bills in the area both stand at $494, this is significantly lower than the national median property tax bill of $2,400.
For homeowners looking to reduce their property tax bills, Ownwell offers expert property tax appeal and exemption services. By analyzing property assessments and identifying potential discrepancies, Ownwell can help homeowners challenge inflated assessments and secure exemptions, potentially leading to significant savings. This ensures that homeowners pay only their fair share, alleviating the financial burden of property taxes.
Median Charleston Tax Bill
$495
Median Tallahatchie County Tax Bill
$479
Median Mississippi Tax Bill
$854
Median United States Tax Bill
$2,400
Property Tax Bills Across Charleston, Tallahatchie County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38921 | $95 | $233 | $494 | $888 | $1,479 |
Source: Ownwell