Ripley, Tippah County, Mississippi Property Taxes
- Median Ripley, MS effective property tax rate: 1.39%, significantly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
- Median Ripley, MS home value: $48,700
- Median annual Ripley, MS tax bill: $741, $1,659 lower than the national median property tax bill of $2,400.
How are property taxes in Tippah calculated?
Property taxes in Ripley, 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 Ripley’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ripley, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ripley, Tippah County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.23%
Estimate Property Tax Bill
$674
$626
Property Tax Rates Across Ripley, Tippah County, Mississippi
Local government entities set tax rates, which can vary widely within a state. This variation is due to each county's annual budget estimation process. Counties calculate their required budget to provide services and divide it by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell.
Ripley, located in Tippah County, Mississippi, has an effective property tax rate that can be compared to other cities in Mississippi and the median property tax rates in the state and the U.S. With Mississippi's median property tax rate at 1.39%, it is higher than the national median of 1.02%. This suggests that property owners in Ripley may face higher property tax bills compared to the national average. Understanding these rates can help property owners in Ripley make informed decisions about property tax appeals and exemptions.
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 Ripley Tax Rate
1.23%
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
1.24%
Median Effective Mississippi Tax Rate
1.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ripley, Tippah County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38663 | 0.61% | 1.03% | 1.23% | 2.13% | 2.20% |
Source: Ownwell
Property Tax Assessment Values Across Ripley, Tippah County, Mississippi
When examining property taxes in Ripley, MS, 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 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 Ripley. For example, the median home price in Ripley is $48,700, with tax bills ranging significantly across the county. Zip code 38663 has the highest median home price at $48,700.
Property Tax Assessment Values Across Ripley, Tippah County, Mississippi
Source: Ownwell
$19,110
$38,255
$57,400
Median Ripley Market Value
$54,830
Median Tippah County Market Value
$52,200
Median Mississippi Market Value
$70,930
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ripley, Tippah County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38663 | $12,700 | $32,520 | $54,830 | $90,700 | $145,088 |
Source: Ownwell
Property Tax Bills Across Ripley, Tippah County, Mississippi
Median Ripley Tax Bill
$732
Median Tippah County Tax Bill
$680
Median Mississippi Tax Bill
$914
Median United States Tax Bill
$2,400
Property Tax Bills Across Ripley, Tippah County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38663 | $164 | $411 | $732 | $1,235 | $1,965 |
Source: Ownwell