Alligator, Mississippi Property Taxes
The median property tax rate in Alligator, MS is 1.48%, considerably higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Alligator, the typical annual property tax bill reaches $353, exceeding the national median of $2,690. Property taxes in Alligator 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 Alligator'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 Alligator 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
Alligator, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.48%
Estimate Property Tax Bill
$459
Ownwell’s Alligator Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alligator with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alligator 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 Alligator, Mississippi
Property taxes in Alligator, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alligator is 1.48%, significantly higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Alligator set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alligator 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 Alligator's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 38720 zip code has the highest median property tax rate of 1.48%, while the same zip code also has the lowest median tax rate of 1.48%. Understanding how these cities compare with Alligator provides valuable insights into the varying tax landscape across Coahoma County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alligator Tax Rate
1.48%
Average Coahoma County Tax Rate
1.87%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alligator, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38720 | 0.67% | 0.76% | 1.48% | 1.52% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Alligator, Mississippi
In Alligator, 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 Coahoma 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. 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 Alligator helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Interestingly, the zip code 38720 has both the highest and lowest median tax bill, which stands at $353.
Average Alligator Assessed Value
$31,032
Average Coahoma County Assessed Value
$38,666
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alligator, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38720 | $8,977 | $17,204 | $31,032 | $56,665 | $97,187 |
Source: Ownwell
Property Tax Bills Across Alligator, Mississippi
In Alligator, located in Coahoma County, MS, property tax bills are calculated based on the assessed value of a home, which is determined by the county tax assessor. This assessed value is a percentage of the home's market value. Various factors such as the home's size, age, location, and condition play a role in determining its market value. Once the assessed value is established, the local tax rate is applied to calculate the property tax bill. The median home price in Alligator is $31,032, and the median property tax bill is $353. This rate is significantly lower than the national median property tax rate of 0.99%. Homeowners in Alligator can expect their property tax bills to fall within a range, with the 25th percentile at $179 and the 90th percentile reaching up to $1,020. These property taxes contribute to local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents.
Average Alligator Tax Bill
$353
Average Coahoma County Tax Bill
$908
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Alligator, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38720 | $106 | $179 | $353 | $582 | $1,020 |
Source: Ownwell