Houlka, Mississippi Property Taxes
The median property tax rate in Houlka, MS is 1.40%, considerably higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Houlka, the typical annual property tax bill reaches $456, which is significantly lower than the national median of $2,690. Property taxes in Houlka are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Houlka'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 Houlka or another part of Chickasaw County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Houlka, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$513
Ownwell’s Houlka Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Houlka with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Houlka to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities with ease. For those interested in more localized insights, you can explore neighborhood-level trends by scrolling down. Your property’s assessed value, determined by Chickasaw County, is used for property tax calculations and incorporates any applicable exemptions.
Property Tax Rates Across Houlka, Mississippi
Property taxes in Houlka, Mississippi, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Houlka is 1.40%, significantly higher than the U.S. national median of 0.99%. Local government entities within Houlka set these rates annually, and they can vary significantly across different neighborhoods. Each year, Houlka 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 Houlka's effective property tax rate to other areas in Mississippi and the national median. For comparison, the 38850 zip code has the highest median property tax rate of 1.40%, while the same zip code also has the lowest median tax rate of 1.40%. Understanding how these areas compare with Houlka provides valuable insights into the varying tax landscape across Chickasaw County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Houlka Tax Rate
1.40%
Average Chickasaw County Tax Rate
1.05%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Houlka, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38850 | 0.82% | 0.95% | 1.40% | 1.97% | 2.63% |
Source: Ownwell
Property Tax Assessment Values Across Houlka, Mississippi
In Houlka, 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 Chickasaw 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 Houlka, 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 Houlka helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Houlka is $456.00 in zip code 38850. The median home price is $36,645, with tax bills ranging from $219 at the 25th percentile to $1,406 at the 90th percentile. By staying informed, property owners can take proactive steps to manage their property taxes effectively.
Average Houlka Assessed Value
$36,645
Average Chickasaw County Assessed Value
$44,230
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Houlka, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38850 | $6,965 | $14,522 | $36,645 | $63,910 | $108,081 |
Source: Ownwell
Property Tax Bills Across Houlka, Mississippi
In Houlka, property tax bills are calculated based on the assessed value of the property, which is typically a percentage of the market value. For homeowners in Houlka, located in Chickasaw County, the median home price stands at $36,645. Property tax rates are applied to this assessed value to determine the annual tax bill. Factors such as property location, market conditions, and local government budgets play a significant role in determining the final tax bill. For instance, the 25th percentile of tax bills in Houlka is $219, while the 75th percentile reaches up to $886. At the 90th percentile, homeowners may see tax bills as high as $1,406. Comparing these figures to the national median property tax rate of 0.99%, Houlka's property taxes can be considered relatively moderate. These taxes fund essential public services, including schools, infrastructure, and emergency services, impacting the overall quality of life for homeowners. Understanding these factors can help residents anticipate their financial obligations and plan accordingly.
Average Houlka Tax Bill
$456
Average Chickasaw County Tax Bill
$423
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Houlka, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38850 | $118 | $219 | $456 | $886 | $1,406 |
Source: Ownwell