Roxie, Mississippi Property Taxes
The median property tax rate in Roxie, MS is 1.61%, significantly higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Roxie, the typical annual property tax bill reaches $483, which is notably lower than the national median of $2,690. Property taxes in Roxie are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Roxie's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Roxie or another part of Adams County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Roxie, Mississippi Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$2,620
Ownwell’s Roxie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roxie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roxie to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Roxie, Mississippi
Property taxes in Roxie, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roxie is 0.81%, which is lower than both the Mississippi state median of 0.81% and the U.S. national median of 0.99%. Local government entities within Roxie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roxie estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Roxie's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39661 zip code has the highest median property tax rate of 0.81%, while the same 39661 zip code also has the lowest median tax rate of 0.81%. Understanding how these cities compare with Roxie provides valuable insights into the varying tax landscape across Adams County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roxie Tax Rate
1.61%
Average Adams County Tax Rate
1.47%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roxie, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39661 | 0.86% | 1.16% | 1.61% | 1.89% | 1.89% |
Source: Ownwell
Property Tax Assessment Values Across Roxie, Mississippi
In Roxie, Mississippi, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Adams County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Roxie are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Roxie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 39661, with a median tax bill of $483.00.
Average Roxie Assessed Value
$32,340
Average Adams County Assessed Value
$56,235
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roxie, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39661 | $10,440 | $18,762 | $32,340 | $59,380 | $115,814 |
Source: Ownwell
Property Tax Bills Across Roxie, Mississippi
In Roxie, located in Adams County, MS, property tax bills are calculated based on the assessed value of the property and the applicable tax rate. The assessed value is determined by the local tax assessor, who evaluates the property's market value and applies an assessment ratio. Homeowners in Roxie experience a range of property tax bills, with the 25th percentile at $261 and the 75th percentile at $799. For those at the higher end, the 90th percentile tax bill reaches $1,348. The median home price in Roxie is $32,340, which is relatively low compared to national figures. This lower home value contributes to the overall lower property tax bills in the area. Homeowners should be aware that their property tax bill can vary significantly depending on the assessed value of their home and the local tax rate. Understanding these factors can help homeowners anticipate their annual property tax expenses and budget accordingly.
Average Roxie Tax Bill
$483
Average Adams County Tax Bill
$746
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Roxie, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39661 | $153 | $261 | $483 | $799 | $1,348 |
Source: Ownwell