Crystal Springs, Mississippi Property Taxes
The median property tax rate in Crystal Springs, MS is 1.26%, slightly above the national median of 0.99% but lower than the Mississippi state median of 1.31%. With a median home value of $47,090 in Crystal Springs, the typical annual property tax bill amounts to $556, which is significantly below the national median of $2,690. Property taxes in Crystal Springs are determined based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Crystal Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you reside in the heart of Crystal Springs or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Crystal Springs, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$593
Ownwell’s Crystal Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crystal Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crystal Springs 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 Crystal Springs, Mississippi
Property taxes in Crystal Springs, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crystal Springs is 0.83%, which is lower than both the Mississippi state median of 0.81% and the U.S. national median of 0.99%. Local government entities within Crystal Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crystal Springs 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 Crystal Springs' effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39059 zip code has the highest median property tax rate of 0.83%, while the 39059 zip code also has the lowest median tax rate of 0.83%. Understanding how these cities compare with Crystal Springs provides valuable insights into the varying tax landscape across Copiah County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crystal Springs Tax Rate
1.26%
Average Copiah County Tax Rate
1.18%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crystal Springs, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39059 | 0.64% | 0.92% | 1.26% | 1.70% | 2.37% |
Source: Ownwell
Property Tax Assessment Values Across Crystal Springs, Mississippi
In Crystal Springs, 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 Copiah County Tax Assessor 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 Crystal Springs, 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 Crystal Springs is $47,090, with tax bills ranging from $261 at the 25th percentile to $1,470 at the 90th percentile. The highest and lowest median tax bills both stand at $556 in the 39059 zip code. 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 Crystal Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Crystal Springs, Mississippi
Source: Ownwell
$30,535
$47,670
$64,805
Average Crystal Springs Assessed Value
$47,090
Average Copiah County Assessed Value
$45,250
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crystal Springs, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39059 | $7,712 | $23,920 | $47,090 | $82,060 | $131,486 |
Source: Ownwell
Property Tax Bills Across Crystal Springs, Mississippi
In Crystal Springs, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. Homeowners in Copiah County, where Crystal Springs is located, can expect their property tax rates to be influenced by local government budgets and public service requirements. The median home price in Crystal Springs is $47,090, and tax bills vary significantly across different percentiles. For instance, the 25th percentile tax bill is $261, while the 75th percentile tax bill reaches $942, and the 90th percentile tax bill can go up to $1,470. These tax bills are calculated by applying the local tax rate to the assessed value of the property. The highest and lowest median tax bills in the area are both recorded at $556, indicating some consistency in tax assessments. Compared to the national median property tax rate of 0.99%, Crystal Springs homeowners might find their property tax rates relatively manageable, impacting their overall housing costs and financial planning.
Average Crystal Springs Tax Bill
$556
Average Copiah County Tax Bill
$484
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Crystal Springs, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39059 | $110 | $261 | $556 | $942 | $1,470 |
Source: Ownwell