Pelahatchie, Mississippi Property Taxes
The median property tax rate in Pelahatchie, MS, is 0.99%, matching the national median but lower than the Mississippi state median of 1.31%. With a median home value of $63,050 in Pelahatchie, the typical annual property tax bill amounts to $724, which is significantly below the national median of $2,690. Property taxes in Pelahatchie are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Pelahatchie's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Pelahatchie or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pelahatchie, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$624
Ownwell’s Pelahatchie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pelahatchie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pelahatchie 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 Pelahatchie, Mississippi
Property taxes in Pelahatchie, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pelahatchie is 0.99%, aligning with both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Pelahatchie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pelahatchie 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 Pelahatchie's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39145 zip code has both the highest and lowest median property tax rate of 0.99%. Understanding how these cities compare with Pelahatchie provides valuable insights into the varying tax landscape across Scott County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pelahatchie Tax Rate
0.99%
Average Scott County Tax Rate
1.02%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pelahatchie, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39145 | 0.62% | 0.79% | 0.99% | 1.66% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Pelahatchie, Mississippi
In Pelahatchie, 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 Scott County Tax Assessor 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 Pelahatchie, 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 Pelahatchie 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 $724.00, found in the zip code 39145.
Average Pelahatchie Assessed Value
$63,050
Average Scott County Assessed Value
$53,585
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pelahatchie, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39145 | $16,250 | $28,240 | $63,050 | $150,660 | $216,902 |
Source: Ownwell
Property Tax Bills Across Pelahatchie, Mississippi
In Pelahatchie, located in Scott County, MS, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Homeowners in Pelahatchie can expect their property tax bills to vary significantly, with the 25th percentile tax bill around $326 and the 75th percentile reaching up to $1,574. The highest median tax bill recorded in the area is $724, which is notably lower than the national median property tax rate of 0.99%. Several factors influence the tax bill, including property size, location, and any applicable exemptions or deductions. These taxes fund essential local services like schools, public safety, and infrastructure. For homeowners, understanding how these factors affect their property tax bill is crucial for financial planning and long-term investment decisions. The relatively lower property tax rates in Pelahatchie can make it an attractive location for potential homeowners looking for affordability.
Average Pelahatchie Tax Bill
$724
Average Scott County Tax Bill
$504
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Pelahatchie, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39145 | $170 | $326 | $724 | $1,574 | $2,875 |
Source: Ownwell