Waynesboro, Mississippi Property Taxes
The median property tax rate in Waynesboro, MS is 1.27%, slightly higher than the national median of 0.99% but below the Mississippi state median of 1.31%. With a median home value of $47,810, the typical annual property tax bill in Waynesboro is $477, significantly lower than the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. By understanding Waynesboro's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Waynesboro or another part of Clarke County, gaining insight into the local property tax system will be advantageous.
Last Updated June 14, 2024
Waynesboro, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$607
Ownwell’s Waynesboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Waynesboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Waynesboro 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 Waynesboro, Mississippi
Property taxes in Waynesboro, Mississippi, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Waynesboro is 1.27%, significantly higher than the U.S. national median of 0.99%. Local government entities within Waynesboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Waynesboro 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 Waynesboro's effective property tax rate to other counties in Mississippi and the national median. For comparison, the zip code 39367 has both the highest and lowest median property tax rate of 1.27%. Understanding how these cities compare with Waynesboro provides valuable insights into the varying tax landscape across Clarke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Waynesboro Tax Rate
1.27%
Average Clarke County Tax Rate
1.13%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Waynesboro, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39367 | 0.70% | 0.79% | 1.27% | 1.66% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Waynesboro, Mississippi
In Waynesboro, 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 Clarke 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 Waynesboro, 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. Being aware of these valuation processes in Waynesboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median property tax bill in the area is $477, with the highest and lowest median tax bills both being in the 39367 zip code.
Average Waynesboro Assessed Value
$47,810
Average Clarke County Assessed Value
$54,740
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Waynesboro, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39367 | $11,490 | $20,820 | $47,810 | $84,310 | $121,108 |
Source: Ownwell
Property Tax Bills Across Waynesboro, Mississippi
In Waynesboro, located in Clarke County, MS, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Waynesboro is $47,810. Property taxes are then determined by applying the local tax rate to the assessed value. For instance, the tax bill at the 25th percentile is $257, while at the 75th percentile, it is $829, and it can go up to $1,357 at the 90th percentile. This variation reflects differences in home values and applicable exemptions. Homeowners in Waynesboro experience property tax bills that are influenced by multiple factors, including the home's assessed value and any applicable local tax rates or exemptions. With the national median property tax rate at 0.99%, Waynesboro's rates can be compared to understand local tax burdens. Understanding these calculations helps homeowners anticipate their annual expenses and manage their financial planning more effectively.
Average Waynesboro Tax Bill
$477
Average Clarke County Tax Bill
$608
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Waynesboro, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39367 | $153 | $257 | $477 | $829 | $1,357 |
Source: Ownwell