Gulfport, Mississippi Property Taxes
The median property tax rate in Gulfport, MS is 1.11%, slightly higher than the national median of 0.99%, yet lower than the Mississippi state median of 1.31%. With a median home value of $91,546 in Gulfport, the typical annual property tax bill amounts to $1,123, which is below the national median of $2,690. Property taxes in Gulfport are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Grasping Gulfport's property tax system, exploring available exemptions, and pinpointing opportunities for reductions can offer substantial annual savings. Whether you're in the heart of Gulfport or another part of Harrison County, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Gulfport, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$1,016
Ownwell’s Gulfport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gulfport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gulfport 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 Gulfport, Mississippi
Property taxes in Gulfport, Mississippi, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gulfport is 0.80%, significantly lower than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Gulfport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gulfport 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 Gulfport's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39501 zip code has the highest median property tax rate of 2.03%, while the 39506 zip code has the lowest median tax rate of 0.80%. Understanding how these cities compare with Gulfport provides valuable insights into the varying tax landscape across Harrison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gulfport Tax Rate
1.11%
Average Harrison County Tax Rate
1.06%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gulfport, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39501 | 0.79% | 1.09% | 2.03% | 2.03% | 2.03% |
| 39503 | 0.46% | 0.74% | 0.93% | 1.42% | 1.79% |
| 39506 | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% |
| 39507 | 0.45% | 0.95% | 1.20% | 2.03% | 2.03% |
Source: Ownwell
Property Tax Assessment Values Across Gulfport, Mississippi
In Gulfport, 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 Harrison 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 in Gulfport 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. In Gulfport, the zip code with the highest median tax bill is 39507 at $1,402, while the lowest is 39506 at $812. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Gulfport Assessed Value
$91,546
Average Harrison County Assessed Value
$100,560
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gulfport, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39501 | $20,855 | $39,481 | $55,079 | $75,650 | $109,924 |
| 39503 | $36,044 | $70,453 | $111,524 | $162,926 | $227,023 |
| 39506 | $101,310 | $101,310 | $101,310 | $101,310 | $101,310 |
| 39507 | $52,112 | $74,184 | $102,043 | $151,155 | $219,205 |
Source: Ownwell
Property Tax Bills Across Gulfport, Mississippi
In Gulfport, property tax bills are calculated based on the assessed value of a property, which is determined by the Harrison County tax assessor. The assessed value typically represents a percentage of the property's market value. Several factors influence this assessment, including the property's location, size, and any improvements made. For homeowners in Gulfport, the median home price is $91,546. Property tax rates are applied to the assessed value to determine the annual tax bill. For instance, the 25th percentile of tax bills is around $675, while the 75th percentile reaches $1,699. The highest median tax bill in the area is $1,402 for properties in the 39507 zip code, whereas the lowest median tax bill is $812 in the 39506 zip code. These tax bills impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Gulfport's tax rates offer a relatively affordable option for property owners, ensuring essential community services are funded without overly burdening residents.
Average Gulfport Tax Bill
$1,123
Average Harrison County Tax Bill
$1,165
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Gulfport, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39501 | $312 | $591 | $895 | $1,324 | $1,908 |
| 39503 | $335 | $664 | $1,144 | $1,694 | $2,477 |
| 39506 | $812 | $812 | $812 | $812 | $812 |
| 39507 | $468 | $831 | $1,402 | $2,089 | $3,279 |
Source: Ownwell