Duck Hill, Mississippi Property Taxes
The median property tax rate in Duck Hill, MS is 0.79%, which is significantly lower than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Duck Hill at $65,071, the typical annual property tax bill amounts to $429, far below the national median of $2,690. Property taxes in Duck Hill are calculated based on the assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Duck Hill's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Duck Hill or another part of Grenada County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Duck Hill, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$514
Ownwell’s Duck Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Duck Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Duck Hill 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 Duck Hill, Mississippi
Property taxes in Duck Hill, Mississippi, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Duck Hill is 0.79%, which is lower than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Duck Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Duck Hill 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 Duck Hill's effective property tax rate to other areas in Mississippi and the national median. For comparison, the zip code 38925 has the same median property tax rate of 0.79%. Understanding how these areas compare with Duck Hill provides valuable insights into the varying tax landscape across Grenada County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Duck Hill Tax Rate
0.79%
Average Grenada County Tax Rate
0.92%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Duck Hill, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38925 | 0.31% | 0.64% | 0.79% | 1.57% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Duck Hill, Mississippi
In Duck Hill, 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 Grenada 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 Duck Hill, 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 Duck Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 38925 has the highest and lowest median tax bill at $429.
Average Duck Hill Assessed Value
$65,071
Average Grenada County Assessed Value
$62,731
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Duck Hill, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38925 | $10,586 | $25,863 | $65,071 | $96,850 | $131,621 |
Source: Ownwell
Property Tax Bills Across Duck Hill, Mississippi
In Duck Hill, located in Grenada County, MS, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value typically represents a percentage of the property's market value. Homeowners in Duck Hill can expect their property tax bill to fall within a range, with the 25th percentile at $226 and the 75th percentile at $746. For those at the higher end, the 90th percentile tax bill reaches $1164. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or reductions. Compared to the national median property tax rate of 0.99%, Duck Hill homeowners generally experience lower tax rates. This can make homeownership more affordable, but it's crucial for homeowners to stay informed about their property's assessed value and any changes in local tax rates to effectively manage their tax obligations.
Average Duck Hill Tax Bill
$429
Average Grenada County Tax Bill
$583
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Duck Hill, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38925 | $81 | $226 | $429 | $746 | $1,164 |
Source: Ownwell