Stewart, Mississippi Property Taxes
The median property tax rate in Stewart, MS is 0.91%, which is lower than both the national median of 0.99% and the Mississippi state median of 1.31%. With a median home value of $62,437 in Stewart, the typical annual property tax bill amounts to $554, significantly below the national median of $2,690. Property taxes in Stewart are calculated based on the assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Stewart'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 Stewart or another part of Webster County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stewart, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$568
Ownwell’s Stewart Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stewart with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stewart 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 Stewart, Mississippi
Property taxes in Stewart, Mississippi, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stewart is 0.91%, slightly below the U.S. national median of 0.99%. Local government entities within Stewart set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stewart 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 Stewart's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39767 zip code has the highest median property tax rate of 0.91%, while also having the lowest median tax rate of 0.91%. Understanding how these cities compare with Stewart provides valuable insights into the varying tax landscape across Webster County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stewart Tax Rate
0.91%
Average Webster County Tax Rate
0.98%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stewart, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39767 | 0.33% | 0.77% | 0.91% | 1.75% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Stewart, Mississippi
In Stewart, 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 Webster 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 Stewart, 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 Stewart helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Stewart's median home price is $62,437, with tax bills ranging from $274 at the 25th percentile to $1,431 at the 90th percentile. The highest and lowest median tax bills are both found in zip code 39767, each at $554.
Average Stewart Assessed Value
$62,437
Average Webster County Assessed Value
$69,631
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stewart, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39767 | $15,732 | $30,752 | $62,437 | $88,319 | $124,253 |
Source: Ownwell
Property Tax Bills Across Stewart, Mississippi
In Stewart, located in Webster County, MS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Stewart is $62,437. Homeowners can expect their tax bills to vary significantly, with the 25th percentile tax bill at $274 and the 75th percentile reaching $869. For those at the higher end, the 90th percentile tax bill climbs to $1,431. These tax bills are determined by multiplying the assessed value by the local tax rate. Factors such as property improvements, neighborhood developments, and changes in market conditions can influence the assessed value. The highest median tax bill within the 39767 zip code is $554, which is notably lower than the national median property tax rate of 0.99%. This relatively lower tax burden can be a financial relief for homeowners, making Stewart an attractive place for property investment and residence.
Average Stewart Tax Bill
$554
Average Webster County Tax Bill
$751
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Stewart, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39767 | $137 | $274 | $554 | $869 | $1,431 |
Source: Ownwell