Pinola, Mississippi Property Taxes
The median property tax rate in Pinola, MS is 1.10%, slightly above the national median of 0.99% but below the Mississippi state median of 1.31%. With a median home value of $69,860 in Pinola, the typical annual property tax bill amounts to $1,134, which is under the national median of $2,690. Property taxes in Pinola are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Pinola'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 Pinola or another part of Jefferson Davis County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pinola, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$768
Ownwell’s Pinola Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pinola with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pinola 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 Pinola, Mississippi
Property taxes in Pinola, Mississippi, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Pinola is 0.88%, which is lower than both the Mississippi state median of 0.81% and the U.S. national median of 0.99%. Local government entities within Pinola set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pinola 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 Pinola's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39149 zip code has the highest median property tax rate of 0.88%, while the same 39149 zip code also has the lowest median tax rate of 0.88%. Understanding how these cities compare with Pinola provides valuable insights into the varying tax landscape across Jefferson Davis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pinola Tax Rate
1.10%
Average Jefferson Davis County Tax Rate
1.48%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pinola, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39149 | 1.10% | 1.10% | 1.10% | 1.10% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Pinola, Mississippi
In Pinola, 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 Davis 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 Pinola, 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 Pinola helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,134, found in the 39149 zip code.
Average Pinola Assessed Value
$69,860
Average Jefferson Davis County Assessed Value
$51,960
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pinola, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39149 | $43,396 | $53,320 | $69,860 | $86,400 | $96,324 |
Source: Ownwell
Property Tax Bills Across Pinola, Mississippi
In Pinola, located in Jefferson Davis County, MS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. For homeowners in Pinola, the median home price stands at $69,860, with a consistent median property tax bill of $1,134 across various percentiles. This uniformity suggests a stable tax rate in the area. Factors influencing the tax bill include the property's market value and the local tax rate. Unlike many regions where property tax bills can vary significantly, Pinola's tax bills are notably consistent. This stability can be beneficial for homeowners, providing predictability in their yearly financial planning. However, it's important to note that even though the tax rate may seem stable, any significant changes in property values or local tax policies could impact future tax bills. For comparison, the national median property tax rate is 0.99%, which can help homeowners understand how their local taxes measure up on a broader scale.
Average Pinola Tax Bill
$1,134
Average Jefferson Davis County Tax Bill
$654
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Pinola, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39149 | $1,134 | $1,134 | $1,134 | $1,134 | $1,134 |
Source: Ownwell