Scooba, Mississippi Property Taxes
The median property tax rate in Scooba, MS is 1.49%, considerably higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Scooba, the typical annual property tax bill reaches $386, significantly lower than the national median of $2,690. Property taxes in Scooba are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Scooba'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 Scooba 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
Scooba, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.49%
Estimate Property Tax Bill
$722
Ownwell’s Scooba Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Scooba with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Scooba 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 Scooba, Mississippi
Property taxes in Scooba, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Scooba is 0.52%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Scooba set these rates annually, and they can vary across different neighborhoods. Each year, Scooba 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. For comparison, the highest median property tax rate in Kemper County is also 0.52% in the 39358 zip code, while the lowest median tax rate is the same, 0.52%, in the same area. Understanding how these rates compare with Scooba provides valuable insights into the consistent tax landscape across Kemper County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Scooba Tax Rate
1.49%
Average Kemper County Tax Rate
1.45%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Scooba, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39358 | 0.52% | 0.60% | 1.49% | 1.51% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Scooba, Mississippi
In Scooba, 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 Kemper 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 Scooba, 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 highest and lowest median tax bills in the area are both $386.00, found in zip code 39358. 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 Scooba helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Scooba Assessed Value
$48,474
Average Kemper County Assessed Value
$50,005
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Scooba, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39358 | $6,607 | $23,956 | $48,474 | $73,325 | $118,779 |
Source: Ownwell
Property Tax Bills Across Scooba, Mississippi
In Scooba, located in Kemper County, MS, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. For homeowners, the median home price stands at $48,474. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements made to the home can influence the assessed value. For instance, tax bills in Scooba range from the 25th percentile at $199 to the 90th percentile at $1,210, reflecting varying property values and conditions. Compared to the national median property tax rate of 0.99%, homeowners in Scooba experience a broad spectrum of tax bills, with the highest median tax bill recorded at $386. This variability can significantly impact homeowners' financial planning, making it essential to understand how local property taxes are calculated and what factors may lead to fluctuations in their annual tax obligations.
Average Scooba Tax Bill
$386
Average Kemper County Tax Bill
$395
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Scooba, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39358 | $69 | $199 | $386 | $763 | $1,210 |
Source: Ownwell