Clinton, Mississippi Property Taxes
The median property tax rate in Clinton, MS is 1.31%, aligning with the state median but notably higher than the national median of 0.99%. With a median home value of $108,150 in Clinton, the typical annual property tax bill amounts to $1,494, which is below the national median of $2,690. Property taxes in Clinton are determined based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural land. Understanding Clinton's property tax system, exploring available exemptions, and finding opportunities for reductions can result in significant annual savings. Whether you're in the heart of Clinton or another part of the city, a solid grasp of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clinton, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$1,417
Ownwell’s Clinton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Clinton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clinton 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 Clinton, Mississippi
Property taxes in Clinton, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clinton is 1.31%, significantly higher than the U.S. national median of 0.99%. Local government entities within Clinton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clinton 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 Clinton's effective property tax rate to other areas in Mississippi and the national median. For comparison, the zip code 39056 has the highest median property tax rate of 1.31%, while the same zip code also has the lowest median tax rate of 1.31%. Understanding how these cities compare with Clinton provides valuable insights into the varying tax landscape across Hinds County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clinton Tax Rate
1.31%
Average Hinds County Tax Rate
1.81%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clinton, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39056 | 0.55% | 1.11% | 1.31% | 1.77% | 2.28% |
Source: Ownwell
Property Tax Assessment Values Across Clinton, Mississippi
In Clinton, 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 Hinds 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 Clinton, 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. For instance, the highest median tax bill in Clinton is $1,494 in the 39056 zip code, while the lowest median tax bill is also $1,494 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clinton Assessed Value
$108,150
Average Hinds County Assessed Value
$63,595
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clinton, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39056 | $59,760 | $80,610 | $108,150 | $165,820 | $242,060 |
Source: Ownwell
Property Tax Bills Across Clinton, Mississippi
Property tax bills in Clinton, located in Hinds County, MS, are determined based on the assessed value of a property, which is a percentage of its market value. The median home price in Clinton is $108,150. To calculate the tax bill, the assessed value is multiplied by the local property tax rate. In Clinton, property tax bills can vary significantly, with the 25th percentile tax bill at $918, the 75th percentile at $2310, and the 90th percentile reaching up to $3400. This range shows how different factors, such as property size, location, and improvements, can influence the final tax amount. For homeowners, understanding these calculations is crucial as it affects their annual financial planning. Compared to the national median property tax rate of 0.99%, Clinton's rates can be both a burden and a benefit, depending on individual property values and specific circumstances. This variability underscores the importance of accurate property assessments and appeals when necessary to ensure fair taxation.
Average Clinton Tax Bill
$1,494
Average Hinds County Tax Bill
$1,076
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Clinton, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39056 | $465 | $918 | $1,494 | $2,310 | $3,400 |
Source: Ownwell