Crosby, Mississippi Property Taxes
The median property tax rate in Crosby, MS is 1.27%, slightly higher than the national median of 0.99% but lower than the Mississippi state median of 1.31%. With the median home value in Crosby at $16,298, the typical annual property tax bill amounts to $85, which is considerably lower than the national median of $2,690. Property taxes in Crosby are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Crosby'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 Crosby or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Crosby, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$207
Ownwell’s Crosby Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crosby with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crosby 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 Crosby, Mississippi
Property taxes in Crosby, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crosby is 1.27%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Crosby set these rates annually, and they can vary across different neighborhoods. Each year, Crosby 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 Crosby's effective property tax rate to other areas in Amite County and the national median. For comparison, the 39633 zip code has the highest median property tax rate of 1.27%, while the same zip code also has the lowest median tax rate of 1.27%. Understanding how these areas compare with Crosby provides valuable insights into the varying tax landscape across Amite County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crosby Tax Rate
1.27%
Average Amite County Tax Rate
1.28%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crosby, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39633 | 0.42% | 0.50% | 1.27% | 1.27% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Crosby, Mississippi
In Crosby, 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 Amite 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. In Crosby, assessment notices 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. For instance, in Crosby, the tax bill at the 25th percentile is $33, while at the 75th percentile, it is $233, and at the 90th percentile, it is $453. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Crosby Assessed Value
$16,298
Average Amite County Assessed Value
$18,096
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crosby, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39633 | $2,054 | $3,406 | $16,298 | $32,934 | $63,676 |
Source: Ownwell
Property Tax Bills Across Crosby, Mississippi
In Crosby, property tax bills are calculated based on the assessed value of a property, which is determined by the Amite County tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Crosby can expect their property tax bill to vary significantly depending on the assessed value and the local tax rate. For instance, the tax bill for properties in the 25th percentile is around $33, while those in the 75th percentile reach up to $233. At the higher end, the 90th percentile tax bill can be as much as $453. These property tax bills are influenced by various factors including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Crosby's rates reflect the local economic conditions and property values. This system ensures that homeowners contribute fairly to community services and infrastructure, but it also means that significant differences in property values lead to varied tax obligations.
Average Crosby Tax Bill
$85
Average Amite County Tax Bill
$159
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Crosby, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39633 | $6 | $33 | $85 | $233 | $453 |
Source: Ownwell