Belden, Mississippi Property Taxes
The median property tax rate in Belden, MS is 1.34%, which is notably higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Belden at $150,780, the typical annual property tax bill amounts to $2,193, falling below the national median of $2,690. Property taxes in Belden are based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Belden's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of Belden or another part of Lee County, gaining insight into the local property tax system will prove beneficial.
Last Updated June 14, 2024
Belden, Mississippi Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$2,620
Ownwell’s Belden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belden 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 Belden, Mississippi
Property taxes in Belden, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belden is 1.34%, notably higher than the U.S. national median of 0.99%. Local government entities within Belden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belden 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 Belden's effective property tax rate to other areas in Mississippi and the national median. For comparison, the zip code 38826 has both the highest and lowest median property tax rate of 1.34%. Understanding how these areas compare with Belden provides valuable insights into the varying tax landscape across Lee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belden Tax Rate
1.34%
Average Lee County Tax Rate
1.34%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belden, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38826 | 1.34% | 1.34% | 1.34% | 1.36% | 2.01% |
Source: Ownwell
Property Tax Assessment Values Across Belden, Mississippi
In Belden, 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 Lee 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 Belden, 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 Belden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 38826, with a median tax bill of $2,193.
Average Belden Assessed Value
$150,780
Average Lee County Assessed Value
$101,000
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belden, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38826 | $52,764 | $81,885 | $150,780 | $275,610 | $342,306 |
Source: Ownwell
Property Tax Bills Across Belden, Mississippi
In Belden, MS, property tax bills are calculated based on the assessed value of a home, which is determined by the Lee County tax assessor. The assessed value is typically a percentage of the market value of the property. For example, if your home’s market value is $150,780, the assessed value will be a fraction of this amount, depending on local assessment rates. Once the assessed value is determined, the property tax rate is applied. In Belden, the median property tax rate aligns closely with the national median of 0.99%. This means that for a home valued at the median price, homeowners can expect a tax bill around $1,493 annually, though this can vary. For instance, the 25th percentile tax bill is $1,331, while the 75th percentile reaches $3,761. The 90th percentile tax bill can be as high as $4,698. These property taxes contribute to local services and infrastructure, impacting homeowners by funding schools, emergency services, and public projects, thereby enhancing community living standards.
Average Belden Tax Bill
$2,193
Average Lee County Tax Bill
$1,408
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Belden, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38826 | $799 | $1,331 | $2,193 | $3,761 | $4,698 |
Source: Ownwell