Mantee, Mississippi Property Taxes
The median property tax rate in Mantee, MS is 1.66%, considerably higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Mantee at $63,200, the typical annual property tax bill reaches $332, which is significantly lower than the national median of $2,690. Property taxes in Mantee are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mantee'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 Mantee 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
Mantee, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.66%
Estimate Property Tax Bill
$1,049
Ownwell’s Mantee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mantee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mantee 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 Mantee, Mississippi
Property taxes in Mantee, Mississippi, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Mantee is 1.66%, higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Mantee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mantee 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 Mantee's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39751 zip code has both the highest and lowest median property tax rate of 1.66%. Understanding how these cities compare with Mantee provides valuable insights into the varying tax landscape across Chickasaw County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mantee Tax Rate
1.66%
Average Chickasaw County Tax Rate
1.05%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mantee, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39751 | 0.36% | 0.99% | 1.66% | 1.96% | 1.98% |
Source: Ownwell
Property Tax Assessment Values Across Mantee, Mississippi
In Mantee, 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 Chickasaw 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 Mantee, 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. For instance, the median home price in Mantee is $63,200, with tax bills ranging from $89 at the 25th percentile to $1,693 at the 90th percentile. 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 Mantee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mantee Assessed Value
$63,200
Average Chickasaw County Assessed Value
$44,230
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mantee, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39751 | $4,206 | $12,150 | $63,200 | $90,230 | $115,306 |
Source: Ownwell
Property Tax Bills Across Mantee, Mississippi
Property tax bills in Mantee, located in Chickasaw County, MS, are calculated based on the assessed value of a property. This assessed value is a percentage of the property's market value, which is determined through periodic evaluations by the county assessor. In Mantee, the median home price is $63,200. Homeowners' tax bills can vary significantly, with the 25th percentile paying around $89 and the 90th percentile paying up to $1,693 annually. The highest median tax bill in the area is $332. Several factors influence these tax bills, including property size, location, and improvements made to the property. Additionally, local tax rates and any applicable exemptions or deductions play a crucial role. Compared to the national median property tax rate of 0.99%, Mantee's property tax rates can be relatively low, offering some financial relief to homeowners. However, the variability in tax bills means that homeowners must stay informed about their specific assessments to manage their property tax obligations effectively.
Average Mantee Tax Bill
$332
Average Chickasaw County Tax Bill
$423
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Mantee, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39751 | $37 | $89 | $332 | $1,122 | $1,693 |
Source: Ownwell