Moselle, Mississippi Property Taxes
The median property tax rate in Moselle, MS is 1.12%, slightly higher than the national median of 0.99% but lower than the Mississippi state median of 1.31%. With the median home value in Moselle at $70,060, the typical annual property tax bill amounts to $847, which is significantly below the national median of $2,690. Property taxes in Moselle 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 Moselle'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 Moselle 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
Moselle, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$785
Ownwell’s Moselle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moselle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moselle 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 Moselle, Mississippi
Property taxes in Moselle, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moselle is 0.72%, 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 Moselle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moselle 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 Moselle's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39459 zip code has the highest median property tax rate of 0.72%, while the same zip code also has the lowest median tax rate of 0.72%. Understanding how these cities compare with Moselle provides valuable insights into the varying tax landscape across Jones County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moselle Tax Rate
1.12%
Average Jones County Tax Rate
1.30%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moselle, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39459 | 0.43% | 0.88% | 1.12% | 1.93% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Moselle, Mississippi
In Moselle, 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 Jones County Assessor 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 Moselle, 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 Moselle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Moselle is $70,060, with tax bills ranging from $384 at the 25th percentile to $2,358 at the 90th percentile. The highest and lowest median tax bills are both $847 in zip code 39459.
Average Moselle Assessed Value
$70,060
Average Jones County Assessed Value
$66,415
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moselle, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39459 | $18,224 | $35,010 | $70,060 | $115,750 | $177,544 |
Source: Ownwell
Property Tax Bills Across Moselle, Mississippi
In Moselle, located in Jones County, MS, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Homeowners in Moselle typically face property tax bills that vary significantly, with the 25th percentile tax bill at $384 and the 75th percentile reaching $1,476. The 90th percentile tax bill can go as high as $2,358, indicating a wide range of property values and corresponding tax obligations. Several factors influence the property tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. For instance, homeowners with higher-valued properties or fewer exemptions will see higher tax bills. The highest median tax bill in the area is $847, found in the 39459 zip code, which is also the lowest median tax bill, illustrating some consistency in taxation within that region. Understanding these factors is crucial for homeowners as property taxes can significantly impact annual expenses and overall affordability of homeownership in Moselle.
Average Moselle Tax Bill
$847
Average Jones County Tax Bill
$874
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Moselle, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39459 | $202 | $384 | $847 | $1,476 | $2,358 |
Source: Ownwell