Tunica, Tunica County, Mississippi Property Taxes

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

Median Tunica, MS effective property tax rate: 1.21%, significantly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%. Median Tunica, MS home value: $46,510. Median annual Tunica, MS tax bill: $564, $1,836 lower than the national median property tax bill of $2,400.

How are property taxes in Tunica County calculated?

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

Last Updated March 1, 2025

Tunica, Tunica County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.21%

Estimate Property Tax Bill

$563

$522

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

Property Tax Rates Across Tunica, Tunica County, Mississippi

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget annually to provide services, then dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In Tunica, the effective property tax rate is a reflection of this process. Compared to other cities in Mississippi, Tunica's rate aligns with the state's median, which is slightly above the national median. This means that while property owners in Tunica may pay a bit more than the average U.S. property tax bill, they benefit from the services funded by these taxes. Understanding how these rates are determined can help property owners anticipate their tax responsibilities and plan accordingly.

Property Tax Rates Across Tunica, Tunica County, Mississippi

Source: Ownwell

1.21%

1.23%

1.26%

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 Tunica Tax Rate

1.21%

Median Effective Tunica County Tax Rate

1.21%

Median Effective Mississippi Tax Rate

1.31%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Tunica, Tunica County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
38676	0.79%	0.85%	1.21%	1.45%	1.81%

Source: Ownwell

Property Tax Assessment Values Across Tunica, Tunica County, Mississippi

When examining property taxes in Tunica, 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 Tunica 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 Tunica 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 Tunica. For example, the median home price in Tunica is $46,510, with tax bills ranging significantly across the county. Zip code 38676 has the highest median home price at $46,510.

Property Tax Assessment Values Across Tunica, Tunica County, Mississippi

Source: Ownwell

$26,938

$63,058

$99,178

Median Tunica Market Value

$46,510

Median Tunica County Market Value

$52,396

Median Mississippi Market Value

$68,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Tunica, Tunica County, Mississippi

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
38676	$11,866	$28,457	$46,510	$84,609	$159,323

Source: Ownwell

Property Tax Bills Across Tunica, Tunica County, Mississippi

In Tunica, MS, property tax bills are calculated 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 determine the tax bill. Factors such as property location, home size, and market trends influence the assessed value. Homeowners in Tunica face varying tax bills, with the 25th percentile at $296 and the 75th percentile reaching $1,122. Comparatively, the national median property tax bill is $2,400, indicating that Tunica homeowners generally pay less. However, high property taxes can still be a financial burden, especially for those at the 90th percentile, where bills can soar to $2,002. Ownwell offers a solution by providing property tax appeal services, helping homeowners ensure their assessed values are fair and accurate. By identifying potential errors and advocating for adjustments, Ownwell can assist homeowners in reducing their tax liabilities, making property ownership more affordable and manageable.

Property Tax Bills Across Tunica, Tunica County, Mississippi

Source: Ownwell

$290

$707

$1,124

Median Tunica Tax Bill

$564

Median Tunica County Tax Bill

$625

Median Mississippi Tax Bill

$854

Median United States Tax Bill

$2,400

Property Tax Bills Across Tunica, Tunica County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
38676	$123	$296	$564	$1,122	$2,002

Source: Ownwell