Centreville, Mississippi Property Taxes
The median property tax rate in Centreville, MS is 1.27%, which is higher than the national median of 0.99% but slightly below the Mississippi state median of 1.31%. With a median home value of $20,558, the typical annual property tax bill in Centreville amounts to $173, significantly lower than the national median of $2,690. Property taxes in Centreville are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. By understanding Centreville's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve substantial annual savings. Whether you're in the heart of Centreville or another part of Amite County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Centreville, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$261
Ownwell’s Centreville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Centreville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Centreville 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 Centreville, Mississippi
Property taxes in Centreville, Mississippi, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Centreville is 1.27%, higher than the U.S. national median of 0.99%. Local government entities within Centreville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Centreville 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 Centreville's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39631 zip code has the highest median property tax rate of 1.27%, while the same 39631 zip code also has the lowest median tax rate of 1.27%. Understanding how these cities compare with Centreville provides valuable insights into the varying tax landscape across Amite County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Centreville Tax Rate
1.27%
Average Amite County Tax Rate
1.28%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Centreville, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39631 | 0.44% | 0.73% | 1.27% | 1.31% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Centreville, Mississippi
In Centreville, 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 Amite 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 Centreville, 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 Centreville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 39631 has the highest median tax bill at $173.00, which is significantly lower than the national median property tax rate of 0.99%.
Average Centreville Assessed Value
$20,558
Average Amite County Assessed Value
$18,096
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Centreville, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39631 | $1,328 | $4,041 | $20,558 | $61,543 | $130,553 |
Source: Ownwell
Property Tax Bills Across Centreville, Mississippi
In Centreville, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. This assessed value is a percentage of the market value of your property. For instance, with a median home price of $20,558, the tax bill can vary significantly. The 25th percentile tax bill is around $47, while the 75th percentile tax bill reaches $468, and the 90th percentile tax bill can be as high as $1,064. These figures illustrate the range of property taxes homeowners might face, influenced by factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Centreville's property tax bills can be considerably lower, offering some financial relief to homeowners. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan accordingly.
Average Centreville Tax Bill
$173
Average Amite County Tax Bill
$159
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Centreville, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39631 | $13 | $47 | $173 | $468 | $1,064 |
Source: Ownwell