Lucedale, Mississippi Property Taxes
The median property tax rate in Lucedale, MS is 1.06%, which is slightly higher than the national median of 0.99% but lower than the Mississippi state median of 1.31%. With a median home value of $59,600 in Lucedale, the typical annual property tax bill is $575, significantly below the national median of $2,690. Property taxes in Lucedale are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lucedale'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 Lucedale 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
Lucedale, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$632
Ownwell’s Lucedale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lucedale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lucedale 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 Lucedale, Mississippi
Property taxes in Lucedale, Mississippi, are crucial for funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Lucedale is 0.52%, significantly lower than both the Mississippi state median of 0.65% and the U.S. national median of 0.99%. Local government entities within Lucedale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lucedale 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 Lucedale's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39452 zip code has the same median property tax rate of 0.52%. Understanding how these cities compare with Lucedale provides valuable insights into the varying tax landscape across George County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lucedale Tax Rate
1.06%
Average George County Tax Rate
1.06%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lucedale, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39452 | 0.48% | 0.83% | 1.06% | 1.83% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Lucedale, Mississippi
In Lucedale, 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 George 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 Lucedale, 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 Lucedale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $575.00, with the 39452 zip code representing these values.
Average Lucedale Assessed Value
$59,600
Average George County Assessed Value
$59,265
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lucedale, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39452 | $3,500 | $19,660 | $59,600 | $103,240 | $161,340 |
Source: Ownwell
Property Tax Bills Across Lucedale, Mississippi
In Lucedale, located in George County, MS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For example, with a median home price of $59,600, homeowners in Lucedale face varying tax bills. The 25th percentile tax bill is around $182, while the 75th percentile reaches $1,141, and the 90th percentile can go up to $1,861. This variation depends on factors such as property location, improvements, and local tax rates. Compared to the national median property tax rate of 0.99%, the tax rates in Lucedale may seem relatively low. However, the impact on homeowners can still be significant, particularly for those with higher-valued properties or those living in areas with higher local tax rates. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Lucedale Tax Bill
$575
Average George County Tax Bill
$573
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Lucedale, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39452 | $47 | $182 | $575 | $1,141 | $1,861 |
Source: Ownwell