Wayne County Property Taxes
The median property tax rate in Wayne County is 1.56%, which is significantly higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Wayne County, the typical annual property tax bill reaches $321, which is considerably lower than the national median of $2,690. Property taxes in Wayne County are calculated based on the assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Wayne County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Waynesboro or another part of Wayne County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wayne County 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 Wayne County Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Wayne County with just two data points. By entering your property's estimated assessed value, our calculator applies the median tax rate in Wayne County to estimate your property tax bill. This tool provides valuable insight into your potential tax liabilities. For those interested in more localized information, you can scroll down to access city-level trends. The assessed value of your property is the value assigned by the county for property tax calculations and includes any exemptions you may qualify for.
Property Tax Rates Across Wayne County, Mississippi
Property taxes in Wayne County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Wayne County is 1.56%, which is higher than the U.S. national median of 0.99%. Local government entities within Wayne County set these rates annually, and they can vary significantly between different areas within the county. Each year, Wayne County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Wayne County's effective property tax rate with other areas and the national median. For comparison, the city of Shubuta has one of the higher property tax rates in the region at 1.57%, while the city of Heidelberg boasts one of the lowest at 1.56%. Analyzing how Wayne County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Wayne County Tax Rate
1.56%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wayne County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Buckatunna | 0.64% | 0.92% | 1.56% | 1.59% | 1.61% |
| Heidelberg | 0.66% | 0.84% | 1.56% | 1.61% | 1.61% |
| Laurel | 0.50% | 0.77% | 1.56% | 1.59% | 1.61% |
| Richton | 0.64% | 0.84% | 1.56% | 1.59% | 1.61% |
| Shubuta | 0.64% | 1.04% | 1.57% | 1.60% | 1.61% |
| State Line | 0.64% | 0.90% | 1.56% | 1.60% | 1.61% |
| Waynesboro | 0.64% | 0.88% | 1.56% | 1.61% | 1.90% |
Source: Ownwell
Property Tax Assessment Values Across Wayne County, Mississippi
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Wayne County, MS. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Wayne County Appraisal District. The assessed value, however, 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. Assessment notices in Wayne County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Laurel has the highest median tax bill at $369, while Shubuta has the lowest at $224. Being aware of these valuation processes in Wayne County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Wayne County Assessed Value
$30,525
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wayne County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Buckatunna | $3,484 | $7,890 | $26,510 | $74,180 | $141,286 |
| Heidelberg | $4,046 | $7,560 | $35,240 | $79,990 | $112,992 |
| Laurel | $4,265 | $8,755 | $41,390 | $97,878 | $161,070 |
| Richton | $3,150 | $7,240 | $25,560 | $75,825 | $119,490 |
| Shubuta | $1,710 | $6,650 | $18,010 | $55,055 | $108,710 |
| State Line | $3,843 | $8,682 | $29,045 | $70,215 | $134,482 |
| Waynesboro | $3,230 | $8,610 | $36,970 | $85,730 | $150,970 |
Source: Ownwell
Property Tax Bills Across Wayne County, Mississippi
In Wayne County, MS, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. Various factors influence this calculation, including the property's location, market conditions, and any applicable exemptions or deductions. Homeowners in Wayne County experience a range of tax bills. For instance, the 25th percentile of tax bills is $119, while the 75th percentile reaches $764. At the 90th percentile, homeowners could see bills as high as $1,433. Comparing this to the national median property tax rate of 0.99%, Wayne County's tax rates can be relatively moderate, but they vary significantly within the county itself. The highest median tax bill is found in Laurel at $369, whereas Shubuta has the lowest at $224. These variations affect homeowners differently, impacting their annual financial planning and the overall cost of homeownership in the region.
Average Wayne County Tax Bill
$321
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Wayne County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Buckatunna | $52 | $115 | $288 | $693 | $1,376 |
| Heidelberg | $64 | $119 | $297 | $677 | $1,034 |
| Laurel | $62 | $126 | $369 | $854 | $1,524 |
| Richton | $39 | $104 | $253 | $630 | $1,128 |
| Shubuta | $26 | $96 | $224 | $521 | $931 |
| State Line | $58 | $120 | $300 | $652 | $1,217 |
| Waynesboro | $50 | $126 | $363 | $834 | $1,540 |
Source: Ownwell