Sontag, Mississippi Property Taxes
The median property tax rate in Sontag, MS is 1.85%, considerably higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Sontag, the typical annual property tax bill reaches $437, which is lower than the national median of $2,690. Property taxes in Sontag 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 Sontag'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 Sontag 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
Sontag, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.85%
Estimate Property Tax Bill
$755
Ownwell’s Sontag Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sontag with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sontag 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 Sontag, Mississippi
Property taxes in Sontag, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sontag is 1.85%, significantly higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Sontag set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sontag 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 Sontag's effective property tax rate to other counties in Mississippi and the national median. For comparison, the zip code 39665 has the highest median property tax rate of 1.85%, while the same zip code also has the lowest median tax rate of 1.85%. Understanding how these cities compare with Sontag provides valuable insights into the varying tax landscape across Lawrence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sontag Tax Rate
1.85%
Average Lawrence County Tax Rate
1.23%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sontag, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39665 | 0.65% | 0.85% | 1.85% | 1.85% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Sontag, Mississippi
In Sontag, 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 Lawrence 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 Sontag, 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 Sontag helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 39665 in Sontag consistently shows the highest and lowest median tax bill at $437, illustrating the localized nature of property tax assessments.
Average Sontag Assessed Value
$40,811
Average Lawrence County Assessed Value
$54,030
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sontag, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39665 | $4,820 | $19,164 | $40,811 | $63,194 | $100,899 |
Source: Ownwell
Property Tax Bills Across Sontag, Mississippi
In Sontag, Lawrence County, MS, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The median home price in Sontag is $40,811. To determine the tax bill, local authorities multiply the assessed value by the tax rate set by the county. The national median property tax rate is 0.99%, but local rates may vary. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For example, the 25th percentile of tax bills in Sontag is $184, while the 75th percentile reaches $758, and the 90th percentile can go up to $1,130. The highest and lowest median tax bill in Sontag is $437, highlighting some consistency in the area. These property taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting homeowners. Understanding how these factors contribute to the overall tax bill can help homeowners plan and manage their finances more effectively.
Average Sontag Tax Bill
$437
Average Lawrence County Tax Bill
$556
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Sontag, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39665 | $55 | $184 | $437 | $758 | $1,130 |
Source: Ownwell