Perkinston, Mississippi Property Taxes
The median property tax rate in Perkinston, MS is 1.07%, which is slightly higher than the national median of 0.99% but lower than the Mississippi state median of 1.31%. With a median home value of $49,530, the typical annual property tax bill in Perkinston amounts to $575, significantly below the national median of $2,690. Property taxes here are calculated 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. Navigating Perkinston's property tax system, understanding available exemptions, and seeking opportunities for reductions can lead to substantial annual savings. Whether you're located in the heart of Perkinston or another part of Pearl River County, gaining insight into the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Perkinston, 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 Perkinston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Perkinston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Perkinston 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 Perkinston, Mississippi
Property taxes in Perkinston, Mississippi, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Perkinston is 0.52%, significantly lower than the U.S. national median of 0.99%. Local government entities within Perkinston set these rates annually, and they can vary across different neighborhoods. Each year, Perkinston 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 Perkinston's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39573 zip code has a median property tax rate of 0.52%. Understanding how these areas compare with Perkinston provides valuable insights into the varying tax landscape across Pearl River County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Perkinston Tax Rate
1.07%
Average Pearl River County Tax Rate
1.68%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Perkinston, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39573 | 0.67% | 0.86% | 1.07% | 1.87% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Perkinston, Mississippi
In Perkinston, 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 Pearl River 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 Perkinston, 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 Perkinston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 39573 has the highest median tax bill at $575.
Average Perkinston Assessed Value
$49,530
Average Pearl River County Assessed Value
$56,860
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Perkinston, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39573 | $16,026 | $25,195 | $49,530 | $82,908 | $112,017 |
Source: Ownwell
Property Tax Bills Across Perkinston, Mississippi
In Perkinston, located in Pearl River County, MS, property tax bills are determined based on the assessed value of a home, which is a percentage of the market value. The median home price in the area is $49,530. Local tax authorities apply the tax rate to this assessed value to calculate the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Perkinston experience a range of property tax bills. The 25th percentile tax bill is around $373, while the 75th percentile reaches up to $986. For those at the higher end, the 90th percentile tax bill can be as much as $1,342. Comparatively, the national median property tax rate is 0.99%, highlighting that local rates can significantly impact the financial obligations of homeowners. Understanding these factors helps homeowners anticipate their annual property tax expenses and plan accordingly, ensuring they are prepared for these essential costs.
Average Perkinston Tax Bill
$575
Average Pearl River County Tax Bill
$690
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Perkinston, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39573 | $195 | $373 | $575 | $986 | $1,342 |
Source: Ownwell