Roxie, Mississippi Property Taxes
The median property tax rate in Roxie, MS is 1.17%, 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 Roxie at $49,340, the typical annual property tax bill reaches $502, which is significantly below the national median of $2,690. Property taxes in Roxie 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 Roxie'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 Roxie 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
Roxie, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$577
Ownwell’s Roxie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roxie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roxie 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 Roxie, Mississippi
Property taxes in Roxie, Mississippi, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roxie is 0.81%, significantly lower than the U.S. national median of 0.99%. Local government entities within Roxie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roxie 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 Roxie's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39661 zip code has the highest median property tax rate of 0.81%, while the same zip code also has the lowest median tax rate of 0.81%. Understanding how these cities compare with Roxie provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roxie Tax Rate
1.17%
Average Franklin County Tax Rate
1.37%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roxie, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39661 | 0.65% | 0.78% | 1.17% | 1.74% | 1.97% |
Source: Ownwell
Property Tax Assessment Values Across Roxie, Mississippi
In Roxie, 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 Franklin 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 Roxie, 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 Roxie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Roxie is $502 in the 39661 zip code, while the lowest is also $502 in the same zip code.
Average Roxie Assessed Value
$49,340
Average Franklin County Assessed Value
$51,050
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roxie, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39661 | $10,420 | $27,750 | $49,340 | $72,610 | $112,604 |
Source: Ownwell
Property Tax Bills Across Roxie, Mississippi
In Roxie, located in Franklin County, MS, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county tax assessor and typically represents a percentage of the property's market value. For homeowners in Roxie, the median home price is $49,340. Several factors influence the final tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions. Homeowners in Roxie can expect their annual property tax bill to vary. The 25th percentile tax bill is around $268, while the 75th percentile reaches $914. At the 90th percentile, the tax bill can rise to $1,411. The highest median tax bill in the area is $502, which is consistent across the zip code 39661. These tax bills can significantly impact homeowners, as they are an essential part of the annual cost of owning property. Comparing this to the national median property tax rate of 0.99%, Roxie homeowners generally experience lower tax burdens, making it a relatively affordable area for property ownership.
Average Roxie Tax Bill
$502
Average Franklin County Tax Bill
$566
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Roxie, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39661 | $100 | $268 | $502 | $914 | $1,411 |
Source: Ownwell