Tutwiler, Tallahatchie County, Mississippi Property Taxes
Median Tutwiler, 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 Tutwiler, MS home value: $39,618
Median annual Tutwiler, MS tax bill: $400, $2,000 lower than the national median property tax bill of $2,400.
How are property taxes in Tallahatchie calculated?
Property taxes in Tutwiler, 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 Tutwiler’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Tutwiler, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Tutwiler, 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
$677
$629
Property Tax Rates Across Tutwiler, Tallahatchie County, Mississippi
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its budgetary needs to provide public services. These estimates are then divided by the total value of all taxable property within the county, resulting in the property tax rate. Although the process involves votes and legal frameworks, this is essentially how tax rates are determined each year.
In Tutwiler, located in Tallahatchie County, the effective property tax rate is a crucial figure for property owners. When compared to other cities in Mississippi, Tutwiler's rate offers insight into the local tax landscape. The median property tax rate in Mississippi stands at 1.71%, which is noticeably higher than the national median of 1.02%. This suggests that property owners in Mississippi, including those in Tutwiler, face a higher tax burden compared to the national average. Understanding these rates can help property owners make informed decisions about property investments and financial planning.
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 Tutwiler 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 Tutwiler, Tallahatchie County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38963 | 0.46% | 0.73% | 1.71% | 1.71% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Tutwiler, Tallahatchie County, Mississippi
When examining property taxes in Tutwiler, 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 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 Tutwiler.
For example, the median home price in Tutwiler is $39,618, with tax bills ranging significantly across the county. The zip code 38963 has the highest median home price at $39,618.
Property Tax Assessment Values Across Tutwiler, Tallahatchie County, Mississippi
Source: Ownwell
$35,872
$44,351
$52,830
Median Tutwiler Market Value
$39,618
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 Tutwiler, Tallahatchie County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38963 | $8,773 | $24,221 | $39,618 | $51,361 | $79,472 |
Source: Ownwell
Property Tax Bills Across Tutwiler, Tallahatchie County, Mississippi
Median Tutwiler Tax Bill
$400
Median Tallahatchie County Tax Bill
$479
Median Mississippi Tax Bill
$854
Median United States Tax Bill
$2,400
Property Tax Bills Across Tutwiler, Tallahatchie County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38963 | $61 | $191 | $400 | $709 | $1,101 |
Source: Ownwell