Marietta, Mississippi Property Taxes
The median property tax rate in Marietta, MS is 1.00%, slightly higher than the national median of 0.99% but below the Mississippi state median of 1.31%. With the median home value in Marietta, the typical annual property tax bill reaches $702, which is lower than the national median of $2,690. Property taxes in Marietta 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 Marietta'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 Marietta 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
Marietta, 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 Marietta Property Tax Bill Calculator offers a simple way for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Marietta with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Marietta to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed insights, you can explore trends at the neighborhood level by scrolling down for localized information. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Marietta, Mississippi
Property taxes in Marietta, Mississippi, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Marietta is 1.00%, which is higher than the U.S. national median of 0.99%. Local government entities within Marietta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marietta 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. Understanding how Marietta's effective property tax rate compares to other areas provides valuable insights into the varying tax landscape across Itawamba County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marietta Tax Rate
1.00%
Average Itawamba County Tax Rate
1.04%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marietta, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38856 | 0.70% | 0.89% | 1.00% | 1.30% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Marietta, Mississippi
In Marietta, 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 Itawamba 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 Marietta, 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. For example, the median home price in Marietta is $62,190, with tax bills ranging from $333 at the 25th percentile to $1,644 at the 90th percentile. The highest median tax bill is $702 in the 38856 zip code. 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 Marietta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Marietta Assessed Value
$62,190
Average Itawamba County Assessed Value
$62,360
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marietta, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38856 | $14,314 | $35,800 | $62,190 | $87,910 | $137,844 |
Source: Ownwell
Property Tax Bills Across Marietta, Mississippi
In Marietta, property tax bills are calculated based on the assessed value of a home, which is determined by the Itawamba County tax assessor. This assessed value is a percentage of the home's market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. For homeowners in Marietta, the median home price is $62,190. Property tax bills vary significantly, with the 25th percentile at $333 and the 75th percentile at $1,231. The 90th percentile can reach up to $1,644. The highest and lowest median tax bills in the area are both $702, specifically in the 38856 zip code. Compared to the national median property tax rate of 0.99%, Marietta's rates can impact homeowners differently depending on their property's assessed value. Homeowners need to understand these factors to manage their property tax obligations effectively.
Average Marietta Tax Bill
$702
Average Itawamba County Tax Bill
$669
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Marietta, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38856 | $114 | $333 | $702 | $1,231 | $1,644 |
Source: Ownwell