Jackson, Mississippi Property Taxes
The median property tax rate in Jackson, MS is 2.35%, significantly higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Jackson, the typical annual property tax bill reaches $1,047, which is below the national median of $2,690. Property taxes in Jackson 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 Jackson'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 Jackson 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
Jackson, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$1,204
Ownwell’s Jackson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jackson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jackson 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 Jackson, Mississippi
Property taxes in Jackson, Mississippi, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jackson is 2.35%, significantly higher than the U.S. national median of 0.99%. Local government entities within Jackson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jackson 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 Jackson's effective property tax rate to other areas in Hinds County and the national median. For comparison, the 39203 zip code has the highest median property tax rate of 2.89%, while the 39272 zip code has the lowest median tax rate of 1.43%. Understanding how these areas compare with Jackson provides valuable insights into the varying tax landscape across Hinds County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jackson Tax Rate
2.35%
Average Hinds County Tax Rate
1.81%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jackson, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39201 | 1.13% | 1.60% | 2.89% | 2.89% | 2.89% |
| 39202 | 1.06% | 1.68% | 2.89% | 2.98% | 2.98% |
| 39203 | 1.52% | 1.92% | 2.89% | 2.89% | 2.89% |
| 39204 | 1.52% | 1.92% | 2.89% | 2.89% | 2.89% |
| 39206 | 0.65% | 1.52% | 1.92% | 2.89% | 2.89% |
| 39209 | 1.51% | 1.92% | 2.89% | 2.89% | 2.89% |
| 39211 | 0.84% | 1.54% | 1.73% | 2.89% | 2.89% |
| 39212 | 1.00% | 1.52% | 2.31% | 2.89% | 2.89% |
| 39213 | 1.51% | 1.92% | 2.89% | 2.89% | 2.89% |
| 39216 | 1.25% | 1.65% | 2.69% | 2.89% | 2.89% |
| 39272 | 0.94% | 1.38% | 1.43% | 1.67% | 2.35% |
Source: Ownwell
Property Tax Assessment Values Across Jackson, Mississippi
In Jackson, 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 Hinds 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 Jackson, 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 median tax bill in Jackson is $2,440 in the 39211 zip code, while the lowest is $326 in the 39201 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 Jackson Assessed Value
$51,240
Average Hinds County Assessed Value
$63,595
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jackson, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39201 | $5,610 | $8,178 | $12,050 | $23,225 | $38,837 |
| 39202 | $14,832 | $35,725 | $80,950 | $115,575 | $157,456 |
| 39203 | $10,123 | $15,448 | $22,505 | $35,410 | $48,078 |
| 39204 | $15,372 | $24,635 | $37,610 | $51,995 | $69,118 |
| 39206 | $39,620 | $50,015 | $62,610 | $86,160 | $118,506 |
| 39209 | $15,214 | $24,885 | $34,860 | $47,020 | $65,340 |
| 39211 | $78,480 | $93,900 | $125,460 | $193,930 | $298,080 |
| 39212 | $25,101 | $37,550 | $55,800 | $81,412 | $107,946 |
| 39213 | $14,532 | $19,440 | $30,030 | $48,260 | $77,326 |
| 39216 | $30,378 | $40,840 | $99,490 | $160,455 | $275,830 |
| 39272 | $66,833 | $123,905 | $161,690 | $194,805 | $217,607 |
Source: Ownwell
Property Tax Bills Across Jackson, Mississippi
In Jackson, located in Hinds County, MS, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence this calculation, including property location, size, and use. For instance, the median home price in Jackson is $51,240, which provides a baseline for understanding potential tax liabilities. Homeowners in Jackson can expect varying tax bills depending on their property's assessed value. The 25th percentile tax bill is around $660, while the 75th percentile reaches $1,668. For those in the 90th percentile, tax bills can soar to $2,829. The highest median tax bill in the area is $2,440 in zip code 39211, contrasting sharply with the lowest median tax bill of $326 in zip code 39201. These variations significantly impact homeowners, influencing both monthly budgets and long-term financial planning.
Average Jackson Tax Bill
$1,047
Average Hinds County Tax Bill
$1,076
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Jackson, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39201 | $102 | $173 | $326 | $702 | $1,125 |
| 39202 | $353 | $674 | $1,445 | $2,513 | $3,455 |
| 39203 | $273 | $403 | $585 | $833 | $1,124 |
| 39204 | $396 | $591 | $890 | $1,222 | $1,570 |
| 39206 | $557 | $910 | $1,256 | $1,654 | $2,378 |
| 39209 | $348 | $547 | $789 | $1,077 | $1,436 |
| 39211 | $1,009 | $1,602 | $2,440 | $3,580 | $5,652 |
| 39212 | $473 | $772 | $1,106 | $1,491 | $2,050 |
| 39213 | $321 | $473 | $695 | $1,025 | $1,452 |
| 39216 | $776 | $974 | $1,796 | $3,140 | $5,030 |
| 39272 | $1,128 | $1,783 | $2,296 | $2,982 | $3,354 |
Source: Ownwell