Hattiesburg, Mississippi Property Taxes
The median property tax rate in Hattiesburg, MS is 1.68%, considerably higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With a median home value of $66,070 in Hattiesburg, the typical annual property tax bill reaches $1,060, which is lower than the national median of $2,690. Property taxes in Hattiesburg 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 Hattiesburg'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 Hattiesburg or another part of Forrest County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hattiesburg, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.68%
Estimate Property Tax Bill
$1,110
Ownwell’s Hattiesburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hattiesburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hattiesburg 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 Forrest County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Hattiesburg, Mississippi
Property taxes in Hattiesburg, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hattiesburg is 1.68%, significantly higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Hattiesburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hattiesburg 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 Hattiesburg's effective property tax rate to other areas in Mississippi and the national median. For comparison, the 39401 zip code has the highest median property tax rate of 1.82%, while the 39402 zip code has the lowest median tax rate of 1.54%. Understanding how these areas compare with Hattiesburg provides valuable insights into the varying tax landscape across Forrest County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hattiesburg Tax Rate
1.68%
Average Forrest County Tax Rate
1.50%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hattiesburg, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39401 | 0.77% | 1.14% | 1.82% | 2.72% | 2.72% |
| 39402 | 0.60% | 0.94% | 1.54% | 1.82% | 2.72% |
Source: Ownwell
Property Tax Assessment Values Across Hattiesburg, Mississippi
In Hattiesburg, 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 Forrest 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 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 example, the highest median tax bill in Hattiesburg is $1,737 in the 39402 zip code, while the lowest is $930 in the 39401 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hattiesburg Assessed Value
$66,070
Average Forrest County Assessed Value
$72,000
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hattiesburg, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39401 | $17,360 | $31,850 | $55,880 | $86,620 | $137,722 |
| 39402 | $52,879 | $76,222 | $113,700 | $166,822 | $259,149 |
Source: Ownwell
Property Tax Bills Across Hattiesburg, Mississippi
Property tax bills in Hattiesburg, located in Forrest County, MS, are calculated based on the assessed value of a property, which is typically a percentage of the market value. The median home price in Hattiesburg is $66,070, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property location, size, and improvements can influence the assessed value, leading to variations in tax bills. For instance, the tax bill at the 25th percentile is $559, while at the 75th percentile, it rises to $1,799. The 90th percentile sees tax bills as high as $2,843. The zip code 39402 has the highest median tax bill at $1,737, whereas zip code 39401 has the lowest at $930. These figures reflect the broader range of property values and local tax rates within the city. Compared to the national median property tax rate of 0.99%, Hattiesburg's property tax rates can significantly impact homeowners, influencing their overall cost of living and financial planning.
Average Hattiesburg Tax Bill
$1,060
Average Forrest County Tax Bill
$1,069
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Hattiesburg, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39401 | $253 | $508 | $930 | $1,516 | $2,240 |
| 39402 | $410 | $921 | $1,737 | $2,764 | $4,210 |
Source: Ownwell