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Updated 2025 Tax Year

Grenada County
Property Tax Guide

Everything you need to know about property taxes in Grenada County, MS. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
Quick Facts
Tax Rate
53.97-63.26 mills (varies by district), approximately 5.4-6.3% of assessed value
Exemptions
5+ Available
Section 1

How Property Tax Works

Grenada County, Mississippi operates under the state's property tax system, which funds essential local services including schools, roads, public safety, and county operations. Property taxes are calculated based on assessed values, which are determined by the county tax assessor and updated periodically. The effective tax rate in Grenada County varies by location within the county due to different combinations of taxing districts, including the county general fund, school districts, and any applicable special assessment districts.

Based on recent data, Grenada County's tax rates have ranged from approximately 53.97 to 63.26 mills over recent years, with the county fund portion being around 54.88-63.09 mills. The City of Grenada, being the only incorporated area in Grenada County, may have additional municipal taxes that affect the total tax burden for properties within city limits. Actual rates can vary significantly depending on your specific location and the special taxing districts that serve your property, so it's important to verify the exact rate applicable to your property with the county tax assessor.

Section 2

What Makes Up Your Tax Bill

ComponentRate (Mills)Description
County General Fund54.88Basic county services, administration, public safety
School DistrictVariesEducational services (rate depends on specific school district)
City of GrenadaVariableMunicipal services (applies only within city limits)
Special DistrictsVariableFire protection, drainage, or other special assessments

Note: Rates shown are based on recent historical data as 2025 rates have not been officially published. The total effective rate typically ranges from 53.97 to 70.87 mills depending on your location and applicable districts. One mill equals $1 per $1,000 of assessed value. Contact the Grenada County Tax Assessor for current fiscal year 2025-2026 rates specific to your property location.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Grenada County, property taxes are due in two installments:

Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in Mississippi are typically triggered by changes in property ownership, new construction, or significant improvements that increase a property's assessed value during the tax year. When such changes occur, the county assessor calculates additional tax based on the increased assessment for the remaining portion of the tax year.

For example, if you complete a $50,000 home addition in July and your property is reassessed, you would owe supplemental tax on that additional $50,000 in assessed value for the remaining months of the fiscal year. The supplemental tax is calculated by applying the current tax rate to the increased assessed value, prorated for the time remaining in the tax year from when the improvement was completed or ownership transferred.

Example Calculation

Example 1: $300,000 Property Value

  • Assessed Value: $300,000
  • Less: Homestead Credit (if applicable): Varies
  • Net Taxable Value: $300,000 (assuming no credits applied)
  • Tax Rate: 60.00 mills (estimated average)
  • Annual Tax: $1,800
  • Monthly Escrow: $150

Example 2: $600,000 Property Value

  • Assessed Value: $600,000
  • Less: Homestead Credit (if applicable): Varies
  • Net Taxable Value: $600,000 (assuming no credits applied)
  • Tax Rate: 60.00 mills (estimated average)
  • Annual Tax: $3,600
  • Monthly Escrow: $300

Example 3: $1,000,000 Property Value

  • Assessed Value: $1,000,000
  • Less: Homestead Credit (if applicable): Varies
  • Net Taxable Value: $1,000,000 (assuming no credits applied)
  • Tax Rate: 60.00 mills (estimated average)
  • Annual Tax: $6,000
  • Monthly Escrow: $500

Note: These examples use estimated average rates. Actual rates vary by taxing district. All tax credits require separate application and are not automatically applied.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Grenada County require borrowers to maintain an escrow account for property taxes, especially when the loan-to-value ratio exceeds 80%. Your lender will estimate your annual property tax bill and divide it by 12 to determine your monthly escrow payment. This amount is collected along with your principal and interest payment each month.

Lenders typically pay your property taxes directly to Grenada County before the February 1 due date to avoid penalties. They may pay early to ensure timely receipt by the county. Your lender will provide an annual escrow statement showing all deposits and payments made on your behalf. If there's a shortage due to tax increases, you may need to increase your monthly payment or pay a lump sum. Conversely, if there's an overage, you may receive a refund or see reduced monthly payments. Always verify that your lender has made the payment by checking with the Grenada County Tax Collector's office, as you remain ultimately responsible for ensuring taxes are paid on time.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are property taxes due in Grenada County? A: Property taxes are due by February 1st each year, with an automatic 14-day grace period for vehicle tags. Due to recent proclamations, there may be extended deadlines for certain tax years - the deadline for impacted counties has been extended to March 3, 2026 for certain circumstances.

Q: What tax credits are available and do I need to apply? A: The primary tax credit available is the Homestead Credit for owner-occupied residences. This credit must be applied for annually with the Tax Assessor's office and is not automatically applied. You must be a Mississippi resident and cannot claim residency in another state for income tax purposes.

Q: How does the Homestead Credit work? A: The Homestead Credit limits the annual increase in your property's assessed value for tax purposes, typically capping increases rather than reducing the market value. You must file an application with the county tax assessor, and military personnel stationed outside Mississippi can qualify if they maintain Mississippi residency.

Q: How often are properties reassessed? A: Mississippi law requires property to be assessed at fair market value, but reassessment schedules vary. Contact the Grenada County Tax Assessor for specific information about when your property was last assessed and when the next reappraisal is scheduled.

Q: What are the penalties for late payment? A: Late payment penalties and interest apply after the due date and grace period. Contact the Grenada County Tax Collector for current penalty rates and procedures.

Q: Can I pay my property taxes online? A: Check with the Grenada County Tax Collector's office for current online payment options and accepted payment methods.

Q: How do I appeal my property assessment? A: You can appeal your assessment to the county tax assessor first, and if unsatisfied, to the county board of supervisors. There are specific deadlines for filing appeals, so contact the assessor's office promptly if you believe your assessment is incorrect.

Q: Why did my taxes increase if I didn't make improvements? A: Tax increases can result from higher tax rates approved by local governments, reassessment of your property's value, or changes in special district assessments. Even without improvements, market value increases can affect your assessment.

Q: Do special districts affect my tax rate? A: Yes, special taxing districts for services like fire protection, drainage, or other local improvements can add to your total tax rate. Your specific location determines which districts apply to your property.

Q: What if I own property in multiple counties? A: Each county assesses and taxes property independently. You'll receive separate tax bills and must apply for any credits or exemptions in each county where you own property.

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