Enid, Mississippi Property Taxes
The median property tax rate in Enid, MS is 0.89%, which is notably lower than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Enid at $50,789, the typical annual property tax bill comes to $565, significantly below the national median of $2,690. Property taxes in Enid are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Enid'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 Enid or another part of Yalobusha County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Enid, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$452
Ownwell’s Enid Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Enid with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Enid 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 Enid, Mississippi
Property taxes in Enid, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Enid is 0.89%, slightly below the U.S. national median of 0.99%. Local government entities within Enid set these rates annually, and they can vary significantly across different neighborhoods. Each year, Enid 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 Enid's effective property tax rate to other areas in Mississippi and the national median. For comparison, the 38927 zip code has both the highest and lowest median property tax rate of 0.89%. Understanding how these areas compare with Enid provides valuable insights into the varying tax landscape across Yalobusha County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Enid Tax Rate
0.89%
Average Yalobusha County Tax Rate
0.96%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Enid, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38927 | 0.75% | 0.86% | 0.89% | 1.38% | 1.84% |
Source: Ownwell
Property Tax Assessment Values Across Enid, Mississippi
In Enid, 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 Yalobusha 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 Enid, 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 Enid helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $565 in the 38927 zip code, while the lowest is also $565 in the same zip code, reflecting a consistent tax landscape.
Average Enid Assessed Value
$50,789
Average Yalobusha County Assessed Value
$47,647
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Enid, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38927 | $12,669 | $33,844 | $50,789 | $62,115 | $106,072 |
Source: Ownwell
Property Tax Bills Across Enid, Mississippi
In the city of Enid, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $50,789, homeowners can expect their tax bills to vary significantly. At the 25th percentile, the tax bill is around $501, while at the 75th percentile, it rises to approximately $1,006. For those at the higher end, the 90th percentile tax bill can reach up to $1,366. Factors such as property size, location, and any applicable exemptions also play a role in determining the final tax amount. Compared to the national median property tax rate of 0.99%, Enid's tax rates can be seen as relatively moderate. These taxes fund essential local services, including schools, public safety, and infrastructure, impacting homeowners by contributing to the overall quality of life in the community.
Average Enid Tax Bill
$565
Average Yalobusha County Tax Bill
$443
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Enid, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38927 | $282 | $501 | $565 | $1,006 | $1,366 |
Source: Ownwell