Hernando, Tate County, Mississippi Property Taxes

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

Median Hernando, MS effective property tax rate: 1.33%, significantly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%. Median Hernando, MS home value: $79,092. Median annual Hernando, MS tax bill: $939, $1,461 lower than the national median property tax bill of $2,400.

How are property taxes in Tate calculated?

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

Last Updated March 1, 2025

Hernando, Tate County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.33%

Estimate Property Tax Bill

$1,052

$976

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

Property Tax Rates Across Hernando, Tate County, Mississippi

Local government entities determine tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its required budget to provide services, dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Though votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Hernando, located in Tate County, Mississippi, the effective property tax rate is notable when compared to other cities in Mississippi and the broader U.S. Mississippi's median property tax rate stands at 1.33%, aligning with the highest and lowest rates in the state, both found in the 38632 ZIP code. This rate surpasses the national median property tax rate of 1.02%, indicating a higher burden for property owners in Hernando compared to the national average. Understanding these rates can help property owners in Hernando make informed decisions about tax appeals and exemptions, potentially alleviating some of the financial burdens associated with property ownership.

Property Tax Rates Across Hernando, Tate County, Mississippi

Source: Ownwell

1.17%

1.27%

1.37%

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 Hernando Tax Rate

1.33%

Median Effective Tate County Tax Rate

1.33%

Median Effective Mississippi Tax Rate

1.31%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hernando, Tate County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
38632	0.95%	1.03%	1.33%	1.51%	1.99%

Source: Ownwell

Property Tax Assessment Values Across Hernando, Tate County, Mississippi

When examining property taxes in Hernando, 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 Tate 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 Tate 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 Hernando. For example, the median home price in Hernando is $79,092, with tax bills ranging significantly across the county. Zip code 38632 has the highest median home price at $79,092.

Property Tax Assessment Values Across Hernando, Tate County, Mississippi

Source: Ownwell

$57,944

$76,743

$95,541

Median Hernando Market Value

$79,092

Median Tate County Market Value

$82,683

Median Mississippi Market Value

$68,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hernando, Tate County, Mississippi

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
38632	$18,387	$29,858	$79,092	$94,216	$149,645

Source: Ownwell

Property Tax Bills Across Hernando, Tate County, Mississippi

In Hernando, Tate County, MS, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the tax bill. For homeowners in Hernando, the median property tax bill is notably lower than the national median of $2400, with the highest median tax bill in the area being $939. Factors such as property location, improvements, and market conditions can influence the assessed value, thus impacting the tax bill. For homeowners, this means that changes in property value or local tax rates can significantly affect their annual expenses. Ownwell can assist homeowners by identifying potential savings through property tax appeals and exemption services. By analyzing property assessments and comparing them to market values and similar properties, Ownwell can help ensure that homeowners are not overpaying on their property taxes, potentially saving them hundreds of dollars annually.

Property Tax Bills Across Hernando, Tate County, Mississippi

Source: Ownwell

$712

$985

$1,257

Median Hernando Tax Bill

$939

Median Tate County Tax Bill

$994

Median Mississippi Tax Bill

$854

Median United States Tax Bill

$2,400

Property Tax Bills Across Hernando, Tate County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
38632	$252	$531	$939	$1,261	$1,690

Source: Ownwell