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Updated 2025 Tax Year

Tallahatchie County
Property Tax Guide

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

10 Official Sources
8 min read
Quick Facts
Tax Rate
43.08 mills ($43.08 per $1,000 assessed value), varies by district and special assessments
Exemptions
5+ Available
Section 1

How Property Tax Works

Tallahatchie County, Mississippi operates under a property tax system that funds essential local services including schools, county government operations, road maintenance, and emergency services. Property taxes are assessed annually based on market value, with the county utilizing a millage rate system where taxes are calculated per $1,000 of assessed value. The current tax rate for FY 2025-2026 is 43.08 mills, meaning property owners pay approximately $43.08 per $1,000 of assessed property value.

It's important to note that actual tax rates can vary significantly depending on your specific location within Tallahatchie County due to special taxing districts, school district boundaries, and municipal tax overlays. Properties in different areas may be subject to additional assessments for school bonds, fire districts, or other special services. The county follows Mississippi's standard assessment practices, evaluating properties at market value without a statewide assessment cap, though various tax credits may be available to qualifying property owners who submit the required applications.

Section 2

What Makes Up Your Tax Bill

ComponentRate (Mills)Description
County General Fund15.50Basic county operations, law enforcement, courts
East Tallahatchie County Schools22.58School district operations and facilities
Road & Bridge District3.00Road maintenance and infrastructure
Fire Protection District2.00Emergency fire services (varies by district)
Total Base Rate43.08Standard rate for most properties

Rates shown are for FY 2025-2026 levy year and represent the standard configuration for East Tallahatchie County Schools district. Properties in different school districts or special taxing areas may have different total rates. Additional assessments may apply for municipal services, special improvement districts, or bond payments depending on property location.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Tallahatchie 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 Tallahatchie County are additional property tax assessments that occur when there are changes to a property's ownership, value, or use during the tax year. The most common triggers include new construction completion, major renovations that increase property value, changes in property ownership, or corrections to previous assessments. These supplemental bills are calculated by applying the current millage rate to the change in assessed value, prorated for the portion of the tax year remaining.

For example, if you complete a $50,000 home addition in July (halfway through the tax year), the supplemental tax would be calculated as: ($50,000 ÷ 1,000) × 43.08 mills × 0.5 (remaining tax year) = $1,077. Supplemental tax bills are typically issued within 30-60 days of the triggering event and have separate due dates from your regular annual property tax bill.

Example Calculation

Property Value: $300,000

  • Assessed Value: $300,000
  • Less: Homestead Credit (if applied): -$7,500
  • Net Taxable Value: $292,500
  • Annual Tax: $292,500 ÷ 1,000 × 43.08 = $1,260
  • Monthly (if escrowed): $105

Property Value: $600,000

  • Assessed Value: $600,000
  • Less: Homestead Credit (if applied): -$7,500
  • Net Taxable Value: $592,500
  • Annual Tax: $592,500 ÷ 1,000 × 43.08 = $2,552
  • Monthly (if escrowed): $213

Property Value: $1,000,000

  • Assessed Value: $1,000,000
  • Less: Homestead Credit (if applied): -$7,500
  • Net Taxable Value: $992,500
  • Annual Tax: $992,500 ÷ 1,000 × 43.08 = $1,276
  • Monthly (if escrowed): $356

Note: Homestead and other tax credits require annual application and are not automatically applied. Credits shown are estimates - actual amounts may vary.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Tallahatchie County require property tax escrow accounts for borrowers with less than 20% down payment. Your lender collects 1/12 of your estimated annual property tax bill each month along with your mortgage payment, then pays the county directly when taxes are due on February 1st. Lenders typically maintain a cushion of 2-6 months of tax payments in your escrow account to ensure sufficient funds are available.

Your lender will provide an annual escrow analysis statement showing the previous year's tax payments and any adjustments needed for the coming year. If your property taxes increase due to reassessment or rate changes, your monthly escrow payment will be adjusted accordingly. You can verify that your taxes have been paid by checking with the Tallahatchie County Tax Collector's office or through their online payment portal. If you pay your own taxes, ensure payment is received by February 1st to avoid penalties and potential lien issues that could affect your mortgage.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
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Section 6

Frequently Asked Questions

Q: When are property taxes due in Tallahatchie County? A: Property taxes are due February 1st for the current fiscal year. If February 1st falls on a weekend or holiday, the deadline extends to the following Monday. For tax year 2026, the extended deadline is March 3rd.

Q: What homestead tax credit is available and how do I apply? A: Mississippi offers a homestead tax credit that caps annual assessment increases for primary residences. This credit does NOT reduce your property's market value but limits how much your assessment can grow each year. You must apply annually with the County Assessor's office before the application deadline.

Q: Are there other tax credits available? A: Yes, Tallahatchie County offers various tax credits including senior citizen credits, disability credits, and veterans' credits. All credits require separate applications and supporting documentation. Contact the County Assessor at (662) 647-5551 for specific eligibility requirements and deadlines.

Q: How often are properties reassessed? A: Mississippi law requires properties to be assessed annually, though not all properties receive physical inspections each year. The County Assessor uses statistical methods and market data to adjust values between inspection cycles.

Q: What happens if I pay my taxes late? A: Late payments incur penalties and interest charges. After February 1st, penalties begin accruing monthly. Unpaid taxes can result in tax liens and eventual tax sale proceedings.

Q: Can I pay my property taxes online? A: Contact the Tallahatchie County Tax Collector's office at (662) 647-5224 to inquire about online payment options and accepted payment methods.

Q: How do I appeal my property assessment? A: Assessment appeals must be filed with the County Board of Supervisors within 30 days of receiving your assessment notice. You'll need documentation supporting your claim that the assessed value is incorrect.

Q: Why did my taxes increase even though the millage rate stayed the same? A: Tax increases can result from property value increases due to market appreciation, new construction, improvements, or reassessment. Even with stable millage rates, rising property values increase tax bills.

Q: Do I pay different rates if I live in a municipality within Tallahatchie County? A: Yes, municipal residents typically pay additional city/town taxes on top of county taxes. Your total effective rate depends on your specific location and the various taxing districts that serve your property.

Q: What documentation do I need for tax credit applications? A: Requirements vary by credit type but typically include proof of residency, age verification for senior credits, disability documentation, or military service records for veterans' credits. Contact the Assessor's office for specific requirements for each credit program.

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