Lamar County Property Taxes
The median property tax rate in Lamar County is 1.26%, which is significantly higher than the national median of 0.99% but slightly lower than the Mississippi state median of 1.31%. With the median home value in Lamar County, the typical annual property tax bill reaches $1,887, which is below the national median of $2,690. Property taxes in Lamar County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Lamar 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 Hattiesburg or another part of Lamar County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lamar County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$1,696
Ownwell’s Lamar County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Lamar County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Lamar County 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 Lamar County, Mississippi
Property taxes in Lamar County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Lamar County is 1.26%, which is higher than the U.S. national median of 0.99%. Local government entities within Lamar County set these rates annually, and they can vary significantly between different areas within the county. Each year, Lamar 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. The following data compares Lamar County's effective property tax rate with other counties and the national median. For comparison, the city of Lumberton has one of the higher property tax rates in the state at 1.74%, while the city of Hattiesburg boasts one of the lowest at 1.26%. Analyzing how Lamar County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Lamar County Tax Rate
1.26%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lamar County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Columbia | 1.26% | 1.27% | 1.30% | 1.68% | 1.89% |
| Hattiesburg | 1.26% | 1.26% | 1.26% | 1.71% | 1.89% |
| Lumberton | 1.26% | 1.27% | 1.74% | 1.89% | 2.61% |
| Purvis | 1.26% | 1.26% | 1.27% | 1.73% | 1.89% |
| Sumrall | 1.26% | 1.26% | 1.31% | 1.89% | 1.89% |
Source: Ownwell
Property Tax Assessment Values Across Lamar County, Mississippi
In Lamar 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 Lamar 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 Lamar 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. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Hattiesburg has the highest median tax bill at $2,387, while Lumberton has the lowest at $977. Being aware of these valuation processes in Lamar 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 Lamar County, Mississippi
Source: Ownwell
$36,910
$105,110
$173,310
Average Lamar County Assessed Value
$134,620
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lamar County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Columbia | $15,674 | $37,178 | $85,020 | $120,702 | $213,424 |
| Hattiesburg | $82,631 | $119,705 | $172,945 | $250,635 | $376,274 |
| Lumberton | $13,692 | $32,732 | $58,745 | $107,630 | $199,173 |
| Purvis | $22,588 | $54,538 | $104,590 | $161,978 | $223,319 |
| Sumrall | $15,789 | $47,335 | $105,445 | $177,210 | $247,941 |
Source: Ownwell
Property Tax Bills Across Lamar County, Mississippi
In Lamar County, MS, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value typically represents a percentage of the property's market value. Homeowners in Lamar County can expect varying tax bills depending on several factors, including the assessed value and the specific tax rates set by local taxing authorities. For instance, the median home price in Lamar County is $134,620. Tax bills can vary significantly within the county. The 25th percentile tax bill is around $1,073, while the 75th percentile reaches approximately $2,833, and the 90th percentile peaks at $4,277. Hattiesburg, within Lamar County, has the highest median tax bill at $2,387, whereas Lumberton has the lowest at $977. These differences highlight the impact of location and property value on tax bills. Compared to the national median property tax rate of 0.99%, Lamar County's rates can offer some relief to homeowners, but the exact bill will depend on individual property assessments and local tax rates.
Average Lamar County Tax Bill
$1,887
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Lamar County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Columbia | $231 | $574 | $1,178 | $1,706 | $2,871 |
| Hattiesburg | $1,126 | $1,668 | $2,387 | $3,422 | $5,087 |
| Lumberton | $232 | $534 | $977 | $1,607 | $2,989 |
| Purvis | $353 | $853 | $1,510 | $2,194 | $3,043 |
| Sumrall | $260 | $701 | $1,524 | $2,549 | $3,514 |
Source: Ownwell