Long Beach, Mississippi Property Taxes
The median property tax rate in Long Beach, MS is 1.35%, higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Long Beach at $106,980, the typical annual property tax bill reaches $1,472, surpassing the national median of $2,690. Property taxes in Long Beach are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Long Beach'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 Long Beach 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
Long Beach, 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 Long Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Long Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Long Beach 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 Long Beach, Mississippi
Property taxes in Long Beach, Mississippi, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Long Beach is 1.35%, higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Long Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Long Beach 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 Long Beach's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39560 zip code has the highest median property tax rate of 1.35%, while the 39560 zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Long Beach provides valuable insights into the varying tax landscape across Harrison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Long Beach Tax Rate
1.35%
Average Harrison County Tax Rate
1.06%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Long Beach, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39560 | 0.28% | 0.83% | 1.35% | 2.33% | 2.37% |
Source: Ownwell
Property Tax Assessment Values Across Long Beach, Mississippi
In Long Beach, 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 Harrison 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 Long Beach, 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 Long Beach is $106,980, with tax bills ranging from $793 at the 25th percentile to $3,361 at the 90th percentile. The zip code with the highest and lowest median tax bill is 39560, both at $1,472. 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 Long Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Long Beach Assessed Value
$106,980
Average Harrison County Assessed Value
$100,560
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Long Beach, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39560 | $53,376 | $75,844 | $106,980 | $156,606 | $216,206 |
Source: Ownwell
Property Tax Bills Across Long Beach, Mississippi
In Long Beach, MS, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, with a median home price of $106,980, the assessed value is a fraction of this amount, and then the local tax rate is applied. The national median property tax rate is 0.99%, but local rates can vary. Homeowners in Long Beach can expect tax bills that range significantly, with the 25th percentile at $793 and the 75th percentile reaching $2,391. The highest median tax bill recorded in the area is $1,472, found in the 39560 zip code. Factors such as property improvements, local levies, and exemptions can influence the final tax bill. These property taxes fund essential services like schools, emergency services, and infrastructure, directly impacting the quality of life in the community. Understanding these factors can help homeowners anticipate their annual expenses and plan accordingly.
Average Long Beach Tax Bill
$1,472
Average Harrison County Tax Bill
$1,165
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Long Beach, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39560 | $234 | $793 | $1,472 | $2,391 | $3,361 |
Source: Ownwell