Ripley, Union County, Mississippi Property Taxes
Median Ripley, MS effective property tax rate: 1.51%, significantly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Ripley, MS home value: $30,850
Median annual Ripley, MS tax bill: $373, $2,027 lower than the national median property tax bill of $2,400.
How are property taxes in Union County 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, Union County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.51%
Estimate Property Tax Bill
$523
$485
Property Tax Rates Across Ripley, Union County, Mississippi
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Ripley, located in Union County, Mississippi, the effective property tax rate is a reflection of this process. When compared to other cities in Mississippi, Ripley's property tax rate can offer insights into how it aligns with or diverges from the state median and the national median property tax rates. While the national median property tax rate is 1.02%, Ripley's rate provides a local perspective on property taxation. By understanding these rates, property owners can better navigate their financial planning and explore potential savings through property tax appeals or 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
1.51%
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 Union County Tax Rate
1.14%
Median Effective Mississippi Tax Rate
1.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ripley, Union County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38663 | 0.75% | 0.92% | 1.51% | 1.93% | 1.95% |
Source: Ownwell
Property Tax Assessment Values Across Ripley, Union County, Mississippi
When examining property taxes in Ripley, 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 Union 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 Union 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 $30,850, with tax bills ranging significantly across the county. Zip code 38663 has the highest median home price at $30,850.
Property Tax Assessment Values Across Ripley, Union County, Mississippi
Source: Ownwell
$30,460
$57,065
$83,670
Median Ripley Market Value
$34,630
Median Union County Market Value
$61,900
Median Mississippi Market Value
$70,930
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ripley, Union County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38663 | $10,656 | $15,110 | $34,630 | $47,120 | $175,738 |
Source: Ownwell
Property Tax Bills Across Ripley, Union County, Mississippi
In Ripley, Union County, 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 annual property tax bill. Factors such as local government budgets, school funding needs, and public services influence these tax rates. With a median home price of $30,850, property taxes in Ripley are relatively modest compared to the national median property tax bill of $2,400. However, for homeowners, even a small tax bill can be burdensome, particularly if their financial circumstances change.
Ownwell can help homeowners in Ripley potentially reduce their property tax bills by providing expert property tax appeal services. By analyzing property assessments and identifying discrepancies or overvaluations, Ownwell can assist in filing appeals to ensure homeowners are not overpaying. This service can lead to significant savings, offering financial relief and peace of mind. With Ownwell's expertise, homeowners can navigate the complex property tax system more effectively.
Median Ripley Tax Bill
$656
Median Union County Tax Bill
$675
Median Mississippi Tax Bill
$914
Median United States Tax Bill
$2,400
Property Tax Bills Across Ripley, Union County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38663 | $163 | $253 | $656 | $904 | $1,282 |
Source: Ownwell