Jonathan, Mississippi Property Taxes
The median property tax rate in Jonathan, MS is 1.93%, considerably higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Jonathan, the typical annual property tax bill reaches $1,848, which is below the national median of $2,690. Property taxes in Jonathan are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Jonathan'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 Jonathan or another part of Greene County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jonathan, 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 Jonathan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jonathan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jonathan 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 Jonathan, Mississippi
Property taxes in Jonathan, Mississippi, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Jonathan is 1.93%, significantly higher than the U.S. national median of 0.99%. Local government entities within Jonathan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jonathan 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 Jonathan's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39451 zip code has the highest median property tax rate of 1.93%, while also having the lowest median tax rate of 1.93%. Understanding how these cities compare with Jonathan provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jonathan Tax Rate
1.93%
Average Greene County Tax Rate
1.91%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jonathan, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39451 | 1.93% | 1.93% | 1.93% | 1.93% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Jonathan, Mississippi
In Jonathan, 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 Greene 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 Jonathan, 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 instance, the highest and lowest median tax bills in Jonathan are both $1,848, found in the 39451 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 Jonathan Assessed Value
$95,900
Average Greene County Assessed Value
$13,790
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jonathan, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39451 | $95,900 | $95,900 | $95,900 | $95,900 | $95,900 |
Source: Ownwell
Property Tax Bills Across Jonathan, Mississippi
In Jonathan, located in Greene County, MS, property tax bills are calculated based on the assessed value of the property, which is derived from the market value. The local tax rate is then applied to this assessed value to determine the tax bill. For example, with a median home price of $95,900, homeowners in Jonathan can expect a property tax bill around $1,848, which is consistent across various percentiles, including the 25th, 75th, and 90th. This uniformity suggests a stable tax rate within the area. Factors influencing the tax bill include the market value of the home, any applicable exemptions, and the local tax rate. Compared to the national median property tax rate of 0.99%, Jonathan's rate results in a relatively moderate tax burden for homeowners. This consistency in tax bills can provide a level of financial predictability for residents, allowing them to budget more effectively for their property-related expenses.
Average Jonathan Tax Bill
$1,848
Average Greene County Tax Bill
$191
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Jonathan, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39451 | $1,848 | $1,848 | $1,848 | $1,848 | $1,848 |
Source: Ownwell