Vossburg, Mississippi Property Taxes
The median property tax rate in Vossburg, MS is 1.11%, which is notably higher than the national median of 0.99% but lower than the Mississippi state median of 1.31%. With a median home value of $45,690 in Vossburg, the typical annual property tax bill amounts to $461, significantly below the national median of $2,690. Property taxes in Vossburg are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural use. Understanding Vossburg's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Vossburg or another part of Clarke County, getting to grips with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Vossburg, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$507
Ownwell’s Vossburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Vossburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Vossburg 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 Vossburg, Mississippi
Property taxes in Vossburg, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Vossburg is 1.11%, which is higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Vossburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Vossburg 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 Vossburg's effective property tax rate to other counties in Mississippi and the national median. For comparison, the ZIP code 39366 has the highest median property tax rate of 1.11%, while the same ZIP code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Vossburg provides valuable insights into the varying tax landscape across Clarke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Vossburg Tax Rate
1.11%
Average Clarke County Tax Rate
1.13%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vossburg, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39366 | 0.70% | 0.80% | 1.11% | 1.66% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Vossburg, Mississippi
In Vossburg, 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 Clarke 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 Vossburg, 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. The median home price in Vossburg is $45,690, with tax bills ranging from $247 at the 25th percentile to $1,112 at the 90th percentile. The zip code with the highest and lowest median tax bill is 39366, both at $461. 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 Vossburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Vossburg Assessed Value
$45,690
Average Clarke County Assessed Value
$54,740
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Vossburg, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39366 | $13,808 | $22,880 | $45,690 | $71,620 | $112,528 |
Source: Ownwell
Property Tax Bills Across Vossburg, Mississippi
In Vossburg, Clarke 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 Vossburg is $45,690. Property tax rates in this area are relatively low compared to the national median property tax rate of 0.99%. The tax bill can vary significantly, with the 25th percentile tax bill at $247 and the 75th percentile reaching $757. For those in the 90th percentile, the tax bill can go up to $1,112. The assessed value is determined by local tax assessors who consider factors such as property size, location, and market conditions. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Homeowners in Vossburg benefit from lower property tax rates, which can make homeownership more affordable compared to other regions. However, it's crucial for homeowners to stay informed about their property's assessed value to ensure they are not overpaying on their property taxes.
Average Vossburg Tax Bill
$461
Average Clarke County Tax Bill
$608
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Vossburg, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39366 | $155 | $247 | $461 | $757 | $1,112 |
Source: Ownwell