Baldwyn, Tippah County, Mississippi Property Taxes
Median Baldwyn, MS effective property tax rate: 1.35%, significantly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Baldwyn, MS home value: $38,925
Median annual Baldwyn, MS tax bill: $377, $2,023 lower than the national median property tax bill of $2,400.
How are property taxes in Tippah calculated?
Property taxes in Baldwyn, 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 Baldwyn’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Baldwyn, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Baldwyn, Tippah County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.35%
Estimate Property Tax Bill
$525
$488
Property Tax Rates Across Baldwyn, Tippah County, Mississippi
Local government entities set tax rates, which can vary widely within a state. 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, this is the annual process.
Baldwyn, located in Tippah County, Mississippi, has an effective property tax rate that stands out when compared to other cities in the state. The median property tax rate in Mississippi is 1.35%, which is above the national median rate of 1.02%. This suggests that residents in Baldwyn may experience higher property tax bills compared to the national average, given the state’s elevated rate.
Understanding these local variations is crucial for property owners seeking to manage their tax liabilities effectively. By appealing their property tax assessments, homeowners in Baldwyn can potentially reduce their tax burden. This makes it essential for residents to stay informed about their property tax rates and explore options for appealing or securing exemptions where applicable.
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 Baldwyn Tax Rate
1.35%
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 Tippah County Tax Rate
1.38%
Median Effective Mississippi Tax Rate
1.31%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Baldwyn, Tippah County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38824 | 0.47% | 1.06% | 1.35% | 2.28% | 2.46% |
Source: Ownwell
Property Tax Assessment Values Across Baldwyn, Tippah County, Mississippi
When examining property taxes in Baldwyn, 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 Tippah 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 Tippah County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Baldwyn.
For example, the median home price in Baldwyn is $38,925, with tax bills ranging significantly across the county. Zip code 38824 has the highest median home price at $38,925.
Property Tax Assessment Values Across Baldwyn, Tippah County, Mississippi
Source: Ownwell
$18,460
$34,503
$50,545
Median Baldwyn Market Value
$38,925
Median Tippah County Market Value
$46,380
Median Mississippi Market Value
$68,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Baldwyn, Tippah County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38824 | $8,357 | $12,508 | $38,925 | $92,388 | $138,539 |
Source: Ownwell
Property Tax Bills Across Baldwyn, Tippah County, Mississippi
Median Baldwyn Tax Bill
$377
Median Tippah County Tax Bill
$673
Median Mississippi Tax Bill
$854
Median United States Tax Bill
$2,400
Property Tax Bills Across Baldwyn, Tippah County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38824 | $195 | $211 | $377 | $1,568 | $1,953 |
Source: Ownwell