Vaiden, Mississippi Property Taxes
The median property tax rate in Vaiden, MS is 1.10%, 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 Vaiden at $70,452, the typical annual property tax bill reaches $1,334, which is below the national median of $2,690. Property taxes in Vaiden are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Vaiden’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 Vaiden or another part of Montgomery County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Vaiden, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$775
Ownwell’s Vaiden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Vaiden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Vaiden 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 Vaiden, Mississippi
Property taxes in Vaiden, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Vaiden is 1.10%, which is notably higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Vaiden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Vaiden 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 Vaiden's effective property tax rate to other counties in Mississippi and the national median. For comparison, the zip code 39176 has the highest median property tax rate of 1.10%, while the same zip code also registers the lowest median tax rate of 1.10%. Understanding how these cities compare with Vaiden provides valuable insights into the varying tax landscape across Montgomery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Vaiden Tax Rate
1.10%
Average Montgomery County Tax Rate
1.47%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vaiden, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39176 | 0.85% | 0.93% | 1.10% | 1.94% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Vaiden, Mississippi
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Vaiden, Mississippi. 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 Montgomery 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 Vaiden, 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. The median home price in Vaiden is $70,452. The 25th percentile tax bill is $553, while the 75th percentile tax bill is $1,712, and the 90th percentile reaches $1,827. The zip code with the highest and lowest median tax bill is 39176, with a median tax bill of $1,334. Being aware of these valuation processes in Vaiden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Vaiden Assessed Value
$70,452
Average Montgomery County Assessed Value
$52,966
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Vaiden, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39176 | $24,202 | $30,406 | $70,452 | $93,248 | $151,160 |
Source: Ownwell
Property Tax Bills Across Vaiden, Mississippi
Property tax bills in Vaiden, located in Montgomery County, MS, are calculated based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the market value of the home. For instance, the median home price in Vaiden is $70,452. Homeowners can expect their tax bills to vary significantly, with the 25th percentile tax bill at $553 and the 75th percentile reaching $1,712. The highest median tax bill in the area is $1,334, found in the 39176 zip code. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. These property taxes play a crucial role in funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, homeowners in Vaiden face varying rates that can significantly impact their annual expenses. Understanding these factors can help homeowners better manage their finances and anticipate future tax obligations.
Average Vaiden Tax Bill
$1,334
Average Montgomery County Tax Bill
$779
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Vaiden, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39176 | $321 | $553 | $1,334 | $1,712 | $1,827 |
Source: Ownwell