French Camp, Mississippi Property Taxes
The median property tax rate in French Camp, MS is 0.68%, which is significantly lower than both the national median of 0.99% and the Mississippi state median of 1.31%. With a median home value of $64,212, the typical annual property tax bill in French Camp is $417, far below the national median of $2,690. Property taxes in French Camp 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 French Camp'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 French Camp or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
French Camp, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$437
Ownwell’s French Camp Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in French Camp with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in French Camp 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 French Camp, Mississippi
Property taxes in French Camp, Mississippi, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in French Camp is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within French Camp set these rates annually, and they can vary across different neighborhoods. Each year, French Camp 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 French Camp's effective property tax rate to other areas in Mississippi and the national median. For comparison, the zip code 39745 has both the highest and lowest median property tax rate of 0.68%. Understanding how these areas compare with French Camp provides valuable insights into the varying tax landscape across Attala County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average French Camp Tax Rate
0.68%
Average Attala County Tax Rate
1.02%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across French Camp, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39745 | 0.49% | 0.62% | 0.68% | 1.55% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across French Camp, Mississippi
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in French Camp, Mississippi. 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 Attala 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 French Camp, 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. For instance, the median home price in French Camp is $64,212, with the 25th percentile tax bill at $276 and the 75th percentile tax bill at $929. The highest and lowest median tax bills are both $417, found in the zip code 39745. 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 French Camp helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average French Camp Assessed Value
$64,212
Average Attala County Assessed Value
$55,740
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across French Camp, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39745 | $13,727 | $25,055 | $64,212 | $106,242 | $143,030 |
Source: Ownwell
Property Tax Bills Across French Camp, Mississippi
In French Camp, 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 French Camp is $64,212. Tax rates are applied to this assessed value to determine the annual tax bill. Factors such as property improvements, neighborhood developments, and local government budgets influence these assessments. Homeowners in French Camp face varying tax bills, with the 25th percentile paying around $276 and the 75th percentile paying approximately $929 annually. The 90th percentile sees tax bills as high as $1,257. Despite these variations, the median tax bill in the county is consistent at $417, which is significantly lower than the national median property tax rate of 0.99%. These property taxes fund essential community services like schools, infrastructure, and emergency services, impacting the overall quality of life for residents. Lower tax rates can make homeownership more affordable, but they also mean fewer funds for public services.
Average French Camp Tax Bill
$417
Average Attala County Tax Bill
$625
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across French Camp, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39745 | $144 | $276 | $417 | $929 | $1,257 |
Source: Ownwell