Roxie, Mississippi Property Taxes
The median property tax rate in Roxie, MS is 2.12%, considerably higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Roxie at $34,595, the typical annual property tax bill reaches $739, which is below the national median of $2,690. Property taxes in Roxie 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 Roxie'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 Roxie 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
Roxie, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.12%
Estimate Property Tax Bill
$733
Ownwell’s Roxie Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Roxie with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Roxie to provide an estimated property tax bill. This valuable tool helps you understand your potential tax obligations. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county for tax purposes, includes any applicable exemptions.
Property Tax Rates Across Roxie, Mississippi
Property taxes in Roxie, Mississippi, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roxie is 2.12%, significantly higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Roxie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roxie 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 Roxie's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39661 zip code has both the highest and lowest median property tax rates of 2.12%. Understanding how these areas compare with Roxie provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roxie Tax Rate
2.12%
Average Jefferson County Tax Rate
2.11%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roxie, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39661 | 1.54% | 1.87% | 2.12% | 2.15% | 2.65% |
Source: Ownwell
Property Tax Assessment Values Across Roxie, Mississippi
In Roxie, 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 Jefferson 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 Roxie, 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 Roxie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the median home price in Roxie is $34,595, with the highest median tax bill of $739 in ZIP code 39661.
Average Roxie Assessed Value
$34,595
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 Roxie, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39661 | $8,460 | $14,202 | $34,595 | $48,435 | $72,392 |
Source: Ownwell
Property Tax Bills Across Roxie, Mississippi
In Roxie, located in Jefferson County, MS, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is typically a percentage of the property's market value. Homeowners in Roxie can expect their tax bills to vary significantly depending on their property's assessed value and the specific tax rate applied by the county. For instance, the median home price in Roxie is $34,595. The property tax bill for the 25th percentile is $258, while those in the 75th percentile pay around $995. At the 90th percentile, the tax bill can rise to $2,016. This variation highlights how different factors such as property location, improvements, and market conditions can influence the final tax amount. Compared to the national median property tax rate of 0.99%, Roxie’s property taxes can be seen as relatively moderate, providing some relief to homeowners. Understanding these factors is crucial for homeowners to anticipate their annual tax obligations and manage their finances accordingly.
Average Roxie Tax Bill
$739
Average Jefferson County Tax Bill
$560
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Roxie, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39661 | $141 | $258 | $739 | $995 | $2,016 |
Source: Ownwell