Jefferson County Property Taxes
The median property tax rate in Jefferson County is 2.11%, which is significantly higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Jefferson County, the typical annual property tax bill reaches $560, which is considerably lower than the national median of $2,690. Property taxes in Jefferson County are calculated based on the assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Jefferson County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Fayette or another part of Jefferson County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jefferson County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.11%
Estimate Property Tax Bill
$843
Ownwell’s Jefferson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Jefferson with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Jefferson to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Jefferson County, Mississippi
Property taxes in Jefferson County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Jefferson County is 2.11%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Jefferson County set these rates annually, and they can vary significantly between different areas within the county. Each year, Jefferson County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Union Church has one of the higher property tax rates in the area at 2.12%, while the city of Natchez boasts one of the lowest at 2.10%. Analyzing how Jefferson County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Jefferson County Tax Rate
2.11%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jefferson County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Fayette | 0.80% | 1.18% | 2.12% | 2.15% | 2.89% |
| Lorman | 0.76% | 1.22% | 2.11% | 2.12% | 2.12% |
| Meadville | 0.19% | 0.28% | 0.28% | 2.11% | 2.12% |
| Natchez | 0.61% | 1.19% | 2.10% | 2.15% | 2.81% |
| Pattison | 1.05% | 1.70% | 2.12% | 2.12% | 2.12% |
| Roxie | 1.54% | 1.87% | 2.12% | 2.15% | 2.65% |
| Union Church | 0.92% | 1.14% | 2.12% | 2.15% | 2.15% |
Source: Ownwell
Property Tax Assessment Values Across Jefferson County, Mississippi
In Jefferson County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Jefferson County Appraisal District. The assessed value, however, 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 Jefferson County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, Roxie has the highest median tax bill at $739, while Meadville has the lowest at $323. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Jefferson County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Jefferson County, Mississippi
Source: Ownwell
$34,595
$65,123
$95,650
Average Jefferson County Assessed Value
$39,930
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jefferson County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Fayette | $5,857 | $16,785 | $39,740 | $67,272 | $109,395 |
| Lorman | $5,590 | $15,760 | $39,560 | $78,280 | $131,806 |
| Meadville | $31,894 | $48,885 | $95,650 | $114,380 | $115,378 |
| Natchez | $8,553 | $20,100 | $43,985 | $75,788 | $135,481 |
| Pattison | $5,849 | $10,195 | $35,320 | $62,710 | $133,240 |
| Roxie | $8,460 | $14,202 | $34,595 | $48,435 | $72,392 |
| Union Church | $8,078 | $17,178 | $39,195 | $83,280 | $121,563 |
Source: Ownwell
Property Tax Bills Across Jefferson County, Mississippi
In Jefferson County, MS, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of the market value. Homeowners in Jefferson County pay a property tax rate that contributes to their annual tax bill. The tax rate is applied to the assessed value, which is derived from the median home price of $39,930 in the county. For example, the 25th percentile tax bill in Jefferson County is $225, while the 75th percentile reaches $1,120, and the 90th percentile can go up to $1,924. These figures highlight the range of tax bills homeowners might expect, depending on their property's assessed value and location within the county. Roxie has the highest median tax bill at $739, whereas Meadville has the lowest at $323. Compared to the national median property tax rate of 0.99%, Jefferson County's rates impact homeowners differently, affecting their annual financial planning and overall cost of homeownership.
Average Jefferson County Tax Bill
$560
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690