Starkville, Mississippi Property Taxes
The median property tax rate in Starkville, MS is 1.70%, considerably higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Starkville, the typical annual property tax bill reaches $656, which is significantly lower than the national median of $2,690. Property taxes in Starkville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Starkville'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 Starkville 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
Starkville, 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 Starkville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Starkville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Starkville 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 Starkville, Mississippi
Property taxes in Starkville, Mississippi, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Starkville is 1.70%, significantly higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Starkville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Starkville 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 Starkville's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39759 zip code has the highest median property tax rate of 1.70%, while the same zip code also has the lowest median tax rate of 1.70%. Understanding how these cities compare with Starkville provides valuable insights into the varying tax landscape across Clay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Starkville Tax Rate
1.70%
Average Clay County Tax Rate
1.71%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Starkville, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39759 | 1.70% | 1.70% | 1.70% | 1.70% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Starkville, Mississippi
In Starkville, 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 county's 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 Starkville 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Starkville, both at $656, are found in the 39759 zip code.
Average Starkville Assessed Value
$38,516
Average Clay County Assessed Value
$45,801
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Starkville, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39759 | $33,590 | $35,437 | $38,516 | $41,594 | $43,441 |
Source: Ownwell
Property Tax Bills Across Starkville, Mississippi
In Starkville, located in Clay County, MS, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. For instance, with a median home price of $38,516, the assessed value forms the basis of the tax calculation. The property tax rate is then applied to this assessed value to determine the annual tax bill. In Starkville, the median tax bill is $656, which aligns with the national median property tax rate of 0.99%. However, tax bills can vary widely, with the 25th percentile at $604 and the 75th percentile at $708, reflecting differences in property values and any applicable exemptions. For homeowners, these property taxes fund essential services like public schools, infrastructure, and emergency services. Understanding how these taxes are calculated can help homeowners anticipate their annual expenses and budget accordingly, ensuring they can meet their obligations without unexpected financial strain.
Average Starkville Tax Bill
$656
Average Clay County Tax Bill
$835
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Starkville, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39759 | $573 | $604 | $656 | $708 | $740 |
Source: Ownwell