Porterville, Mississippi Property Taxes
The median property tax rate in Porterville, MS is 1.51%, considerably higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Porterville, the typical annual property tax bill reaches $401, which is significantly lower than the national median of $2,690. Property taxes in Porterville 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 Porterville'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 Porterville 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
Porterville, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$729
Ownwell’s Porterville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Porterville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Porterville 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 Porterville, Mississippi
Property taxes in Porterville, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Porterville is 1.51%, significantly higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Porterville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Porterville 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 Porterville's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39352 zip code has the highest median property tax rate of 1.51%, while the same zip code also has the lowest median tax rate of 1.51%. Understanding how these cities compare with Porterville provides valuable insights into the varying tax landscape across Kemper County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Porterville Tax Rate
1.51%
Average Kemper County Tax Rate
1.45%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Porterville, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39352 | 0.57% | 0.61% | 1.51% | 1.51% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Porterville, Mississippi
In Porterville, 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 Kemper 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 Porterville, 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 Porterville 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 $401 in the 39352 zip code.
Average Porterville Assessed Value
$48,278
Average Kemper County Assessed Value
$50,005
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Porterville, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39352 | $8,095 | $20,694 | $48,278 | $76,989 | $122,170 |
Source: Ownwell
Property Tax Bills Across Porterville, Mississippi
In Porterville, located in Kemper County, Mississippi, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in this region is $48,278. Local authorities determine the assessed value and then apply the property tax rate to this value. The factors considered include the property's market value, any exemptions the homeowner may qualify for, and the local tax rate. Homeowners in Porterville experience a range of property tax bills. At the 25th percentile, the tax bill is around $185, while at the 75th percentile, it rises to approximately $834. For those at the 90th percentile, the tax bill can go up to $1,336. These figures reflect the variability in property values and the impact of local tax rates. Compared to the national median property tax rate of 0.99%, Porterville's property taxes can be seen as relatively moderate, providing some financial relief to homeowners in the area.
Average Porterville Tax Bill
$401
Average Kemper County Tax Bill
$395
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Porterville, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39352 | $82 | $185 | $401 | $834 | $1,336 |
Source: Ownwell