Blue Mountain, Mississippi Property Taxes
The median property tax rate in Blue Mountain, MS is 0.93%, slightly lower than the national median of 0.99% and significantly below the Mississippi state median of 1.31%. With the median home value in Blue Mountain at $82,640, the typical annual property tax bill is $668, which is well under the national median of $2,690. Property taxes in Blue Mountain are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Blue Mountain'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 Blue Mountain or another part of Union County, being well-versed in the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blue Mountain, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$769
Ownwell’s Blue Mountain Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blue Mountain with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blue Mountain 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 Blue Mountain, Mississippi
Property taxes in Blue Mountain, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blue Mountain is 0.93%, slightly below the U.S. national median of 0.99%. Local government entities within Blue Mountain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blue Mountain 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 Blue Mountain's effective property tax rate to other areas in Mississippi and the national median. For comparison, the zip code 38610 has both the highest and lowest median property tax rate, standing at 0.93%. Understanding how these areas compare with Blue Mountain provides valuable insights into the varying tax landscape across Union County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blue Mountain Tax Rate
0.93%
Average Union County Tax Rate
1.14%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blue Mountain, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38610 | 0.28% | 0.64% | 0.93% | 1.57% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Blue Mountain, Mississippi
In Blue Mountain, 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 Union 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 Blue Mountain, 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 Blue Mountain helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in the area is $668.00, both found in the zip code 38610.
Property Tax Assessment Values Across Blue Mountain, Mississippi
Source: Ownwell
$30,460
$57,010
$83,560
Average Blue Mountain Assessed Value
$82,640
Average Union County Assessed Value
$62,900
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blue Mountain, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38610 | $10,410 | $35,830 | $82,640 | $142,690 | $196,890 |
Source: Ownwell
Property Tax Bills Across Blue Mountain, Mississippi
In Blue Mountain, Union County, MS, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The median home price in Blue Mountain is $82,640. The local property tax rate is applied to this assessed value to determine the tax bill. For homeowners, tax bills can vary significantly. For example, the 25th percentile tax bill is $274, while the 75th percentile tax bill is $1,308. At the higher end, the 90th percentile tax bill reaches $2,201. These variations reflect differences in property values and any applicable exemptions or assessments. The highest median tax bill in the area is $668, which is relatively low compared to the national median property tax rate of 0.99%. This means that while property taxes in Blue Mountain are lower than the national average, they still represent a significant cost for homeowners, influencing decisions on property purchases and financial planning.
Average Blue Mountain Tax Bill
$668
Average Union County Tax Bill
$664
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Blue Mountain, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38610 | $117 | $274 | $668 | $1,308 | $2,201 |
Source: Ownwell