Redwood, Warren County, Mississippi Property Taxes
Median Redwood, MS effective property tax rate: 1.76%, significantly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Redwood, MS home value: $29,460
Median annual Redwood, MS tax bill: $342, $2,058 lower than the national median property tax bill of $2,400.
How are property taxes in Warren calculated?
Property taxes in Redwood, 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 Redwood’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Redwood, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Redwood, Warren County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.76%
Estimate Property Tax Bill
$518
$481
Property Tax Rates Across Redwood, Warren County, Mississippi
Local government entities in Mississippi set property tax rates, and these can vary significantly from one area to another. Each year, counties calculate their required budget for public services and divide this by the total assessed value of all taxable properties within their jurisdiction. This process determines the property tax rate. While votes and laws play a role in establishing these rates and budgets, this is essentially how the annual procedure unfolds.
In Redwood, located in Warren County, the effective property tax rate can be compared to other cities in Mississippi, as well as to the median property tax rates at both the state and national levels. Mississippi's median property tax rate is notably higher than the national median, which highlights the importance of understanding how local rates compare. By being informed about these differences, property owners in Redwood can better navigate their tax responsibilities and explore opportunities for appealing their property tax assessments.
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 Redwood Tax Rate
1.76%
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 Warren County Tax Rate
1.12%
Median Effective Mississippi Tax Rate
1.31%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Redwood, Warren County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39156 | 0.17% | 0.87% | 1.76% | 1.91% | 3.43% |
Source: Ownwell
Property Tax Assessment Values Across Redwood, Warren County, Mississippi
When examining property taxes in Redwood, 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 Warren County Tax Assessor 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 Warren 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 Redwood.
For example, the median home price in Redwood is $29,460, with tax bills ranging significantly across the county. Zip code 39156 has the highest median home price at $29,460.
Property Tax Assessment Values Across Redwood, Warren County, Mississippi
Source: Ownwell
$29,460
$29,460
$29,460
Median Redwood Market Value
$29,460
Median Warren County Market Value
$72,070
Median Mississippi Market Value
$68,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Redwood, Warren County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39156 | $2,838 | $8,190 | $29,460 | $85,120 | $139,810 |
Source: Ownwell
Property Tax Bills Across Redwood, Warren County, Mississippi
In Redwood, located in Warren County, Mississippi, property tax bills are calculated based on the assessed value of homes. The median home price in Redwood is $29,460, and the property tax rate is applied to this assessed value to determine the tax bill. Homeowners in Redwood can expect their tax bills to vary significantly, with the 25th percentile at $100 and the 75th percentile reaching $859. The 90th percentile tax bill can go as high as $1,800. This variation in tax bills is influenced by factors such as property size, location, and improvements.
Mississippi's property tax rate is generally lower than the national median rate of 1.02%, but homeowners in Redwood still face financial challenges due to these taxes. Ownwell can assist homeowners by identifying potential savings through property tax appeals and exemptions. By leveraging expertise in local tax regulations, Ownwell helps homeowners reduce their tax burden, ensuring they pay only what is fair and reasonable. This service can lead to significant savings, providing financial relief and peace of mind.
Median Redwood Tax Bill
$342
Median Warren County Tax Bill
$632
Median Mississippi Tax Bill
$854
Median United States Tax Bill
$2,400
Property Tax Bills Across Redwood, Warren County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39156 | $29 | $100 | $342 | $859 | $1,800 |
Source: Ownwell