Senatobia, Tate County, Mississippi Property Taxes

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

Median SENATOBIA, MS effective property tax rate: 1.37%, significantly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median SENATOBIA, MS home value: $95,541
Median annual SENATOBIA, MS tax bill: $1,257, $1,143 lower than the national median property tax bill of $2,400.

How are property taxes in Tate calculated?

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

Last Updated March 1, 2025

Senatobia, Tate County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.38%

Estimate Property Tax Bill

$1,326

$1,231

Ownwell’s Senatobia Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Senatobia with just two data points. By entering your property's estimated assessed value, our calculator applies Senatobia’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 Senatobia, Tate County, Mississippi

Local government entities are responsible for setting property tax rates, which can vary significantly within Mississippi. Each year, counties like Tate estimate their budgetary needs for public services and divide this by the total assessed value of all taxable property within their boundaries. This calculation determines the property tax rate. While votes and legislation play a role in shaping these rates and budgets, this annual process is the core mechanism. In Senatobia, located in Tate County, the effective property tax rate stands at 1.37%, which is notably higher than the national median of 1.02%. When comparing Senatobia's rate to other cities in Mississippi, it aligns with the state's median rate of 1.37%. This indicates that Senatobia's property tax rate is consistent with the state average but is higher than the national median. Understanding these rates is crucial for property owners seeking to manage their tax liabilities effectively.

Property Tax Rates Across Senatobia, Tate County, Mississippi

Source: Ownwell

1.20%

1.29%

1.38%

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 Senatobia Tax Rate

1.38%

Median Effective Tate County Tax Rate

1.35%

Median Effective Mississippi Tax Rate

1.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Senatobia, Tate County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
38668	0.70%	1.05%	1.38%	1.62%	2.03%

Source: Ownwell

Property Tax Assessment Values Across Senatobia, Tate County, Mississippi

When examining property taxes in Senatobia, 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 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 Senatobia. For example, the median home price in Senatobia is $95,541, with tax bills ranging significantly across the county. Zip code 38668 has the highest median home price at $95,541.

Property Tax Assessment Values Across Senatobia, Tate County, Mississippi

Source: Ownwell

$60,056

$78,076

$96,096

Median Senatobia Market Value

$96,096

Median Tate County Market Value

$83,296

Median Mississippi Market Value

$70,930

Median United States Market Value

$235,294

Property Tax Assessment Values Across Senatobia, Tate County, Mississippi

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
38668	$40,706	$63,720	$96,096	$154,630	$208,551

Source: Ownwell

Property Tax Bills Across Senatobia, Tate County, Mississippi

In SENATOBIA, Tate County, MS, property tax bills are determined by multiplying the assessed value of a home by the local property tax rate. The assessed value is a percentage of the home's market value, which is influenced by factors such as location, size, and condition. Homeowners in SENATOBIA experience a range of tax bills, with the 25th percentile at $755 and the 75th percentile reaching $2,034. The highest median tax bill in the area is $1,257, notably lower than the national median property tax bill of $2,400. This difference highlights the relatively lower property tax burden in SENATOBIA compared to the national average. However, even with lower tax bills, homeowners can still benefit from ensuring they are not overpaying. Ownwell assists homeowners by reviewing their property tax assessments, identifying potential savings through appeals, and securing exemptions they may qualify for. By leveraging Ownwell's expertise, homeowners can potentially reduce their property tax bills and keep more money in their pockets.

Property Tax Bills Across Senatobia, Tate County, Mississippi

Source: Ownwell

$770

$1,019

$1,267

Median Senatobia Tax Bill

$1,267

Median Tate County Tax Bill

$1,012

Median Mississippi Tax Bill

$914

Median United States Tax Bill

$2,400

Property Tax Bills Across Senatobia, Tate County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
38668	$385	$764	$1,267	$2,051	$3,072

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	August 3

Links
Tate Tax Assessor
Website	cs.datasysmgt.com