Purvis, Mississippi Property Taxes
The median property tax rate in Purvis, MS is 1.27%, 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 $104,590 in Purvis, the typical annual property tax bill amounts to $1,510, which is below the national median of $2,690. Property taxes in Purvis are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Purvis'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 Purvis 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
Purvis, 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 Purvis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Purvis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Purvis 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 Lamar County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Purvis, Mississippi
Property taxes in Purvis, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Purvis 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 Purvis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Purvis 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 Purvis's effective property tax rate to other counties in Mississippi and the national median. For comparison, the zip code 39475 has the highest median property tax rate of 0.52%, while the same zip code also has the lowest median tax rate of 0.52%. Understanding how these cities compare with Purvis provides valuable insights into the varying tax landscape across Lamar County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Purvis Tax Rate
1.27%
Average Lamar County Tax Rate
1.26%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Purvis, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39475 | 1.26% | 1.26% | 1.27% | 1.73% | 1.89% |
Source: Ownwell
Property Tax Assessment Values Across Purvis, Mississippi
In Purvis, 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 Lamar 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 Purvis, 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 Purvis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 39475 has the highest and lowest median tax bill, both at $1510, with tax bills ranging from $853 at the 25th percentile to $3043 at the 90th percentile.
Average Purvis Assessed Value
$104,590
Average Lamar County Assessed Value
$134,620
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Purvis, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39475 | $22,588 | $54,538 | $104,590 | $161,978 | $223,319 |
Source: Ownwell
Property Tax Bills Across Purvis, Mississippi
In Purvis, located in Lamar County, MS, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Purvis stands at $104,590. To determine the property tax bill, local tax authorities apply the county’s tax rate to the assessed value. Several factors influence the final tax bill, including property location, home size, and any applicable exemptions. Homeowners in Purvis experience a range of property tax bills. For instance, the 25th percentile tax bill is $853, while the 75th percentile reaches up to $2,194. Those in the 90th percentile face even higher bills, averaging around $3,043. These figures show a significant variance, underscoring how individual property characteristics and local assessments impact tax obligations. Compared to the national median property tax rate of 0.99%, Purvis homeowners may find their tax rates relatively moderate but should be aware of the potential for higher bills depending on their property's valuation.
Average Purvis Tax Bill
$1,510
Average Lamar County Tax Bill
$1,887
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Purvis, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39475 | $353 | $853 | $1,510 | $2,194 | $3,043 |
Source: Ownwell