Pascagoula, Mississippi Property Taxes
The median property tax rate in Pascagoula, MS is 1.32%, slightly higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Pascagoula, the typical annual property tax bill reaches $1,076, which is below the national median of $2,690. Property taxes in Pascagoula 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 Pascagoula'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 Pascagoula 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
Pascagoula, 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 Pascagoula Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pascagoula with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pascagoula 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 Pascagoula, Mississippi
Property taxes in Pascagoula, Mississippi, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pascagoula is 1.32%, significantly higher than the U.S. national median of 0.99%. Local government entities within Pascagoula set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pascagoula 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. For comparison, the 39452 zip code has the highest median property tax rate of 1.79%, while the 39581 zip code has the lowest median tax rate of 1.30%. Understanding how these cities compare with Pascagoula provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pascagoula Tax Rate
1.32%
Average Jackson County Tax Rate
1.16%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pascagoula, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39452 | 1.79% | 1.79% | 1.79% | 1.79% | 1.79% |
| 39562 | 1.79% | 1.79% | 1.79% | 1.79% | 1.79% |
| 39567 | 0.58% | 1.12% | 1.34% | 2.29% | 2.29% |
| 39581 | 0.63% | 1.12% | 1.30% | 2.29% | 2.29% |
Source: Ownwell
Property Tax Assessment Values Across Pascagoula, Mississippi
In Pascagoula, 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 Jackson 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 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 Pascagoula helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Pascagoula, the highest median tax bill is $1,288 in the 39562 zip code, while the lowest median tax bill is $662 in the 39452 zip code.
Average Pascagoula Assessed Value
$70,727
Average Jackson County Assessed Value
$94,879
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pascagoula, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39452 | $36,951 | $36,951 | $36,951 | $36,951 | $36,951 |
| 39562 | $71,934 | $71,934 | $71,934 | $71,934 | $71,934 |
| 39567 | $39,922 | $51,862 | $74,463 | $109,144 | $183,609 |
| 39581 | $41,910 | $52,199 | $66,913 | $93,345 | $134,326 |
Source: Ownwell
Property Tax Bills Across Pascagoula, Mississippi
In Pascagoula, located in Jackson County, MS, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. This assessed value is typically a percentage of the market value of the property. Homeowners in Pascagoula can expect their tax bills to vary significantly, with the 25th percentile tax bill around $689 and the 75th percentile reaching up to $1,579. For those at the 90th percentile, tax bills can be as high as $2,402. Factors that influence these tax bills include the property's assessed value, any applicable exemptions, and the local tax rate. With the national median property tax rate at 0.99%, Pascagoula's property taxes can be relatively moderate, though they still represent a significant expense for homeowners. The highest median tax bill in Jackson County is $1,288 in the 39562 zip code, while the lowest is $662 in the 39452 zip code. These variations highlight the importance of understanding local property tax assessments and rates.
Average Pascagoula Tax Bill
$1,076
Average Jackson County Tax Bill
$1,144
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Pascagoula, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39452 | $662 | $662 | $662 | $662 | $662 |
| 39562 | $1,288 | $1,288 | $1,288 | $1,288 | $1,288 |
| 39567 | $416 | $707 | $1,109 | $1,683 | $2,827 |
| 39581 | $481 | $674 | $1,036 | $1,464 | $2,004 |
Source: Ownwell