Hazlehurst, Mississippi Property Taxes
The median property tax rate in Hazlehurst, MS is 1.07%, which is higher than the national median of 0.99% but lower than the Mississippi state median of 1.31%. With the median home value in Hazlehurst at $41,840, the typical annual property tax bill is $410, significantly below the national median of $2,690. Property taxes in Hazlehurst are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Hazlehurst'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 Hazlehurst or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hazlehurst, Mississippi Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$2,620
Ownwell’s Hazlehurst Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hazlehurst with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hazlehurst 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 Hazlehurst, Mississippi
Property taxes in Hazlehurst, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hazlehurst is 0.87%, which is lower than both the Mississippi state median of 0.88% and the U.S. national median of 0.99%. Local government entities within Hazlehurst set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hazlehurst 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 Hazlehurst's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39083 zip code has the highest median property tax rate of 0.87%, while the same zip code also has the lowest median tax rate of 0.87%. Understanding how these cities compare with Hazlehurst 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 Hazlehurst Tax Rate
1.07%
Average Copiah County Tax Rate
1.18%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hazlehurst, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39083 | 0.47% | 0.84% | 1.07% | 1.71% | 1.84% |
Source: Ownwell
Property Tax Assessment Values Across Hazlehurst, Mississippi
In Hazlehurst, 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 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 Hazlehurst, 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 Hazlehurst helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 39083 in Hazlehurst has both the highest and lowest median tax bill, which is $410.
Average Hazlehurst Assessed Value
$41,840
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 Hazlehurst, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39083 | $7,500 | $19,885 | $41,840 | $75,820 | $123,018 |
Source: Ownwell
Property Tax Bills Across Hazlehurst, Mississippi
In Hazlehurst, located in Copiah County, MS, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Homeowners in Hazlehurst can expect their tax bills to vary depending on several factors, including the assessed value and the local tax rate. The median home price in Hazlehurst is $41,840, which influences the overall tax bill. For example, homeowners in the 25th percentile can expect a tax bill around $205, while those in the 75th percentile might see bills closer to $739. At the 90th percentile, tax bills can reach up to $1,197. The highest and lowest median tax bills in the area are both $410, indicating a relatively stable tax environment. With the national median property tax rate at 0.99%, Hazlehurst's property tax bills reflect the local economic conditions and provide essential funding for community services and infrastructure.
Average Hazlehurst Tax Bill
$410
Average Copiah County Tax Bill
$484
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Hazlehurst, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39083 | $88 | $205 | $410 | $739 | $1,197 |
Source: Ownwell