Doddsville, Mississippi Property Taxes
The median property tax rate in Doddsville, MS is 1.83%, considerably higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Doddsville at $86,552, the typical annual property tax bill reaches $1,587, which is lower than the national median of $2,690. Property taxes in Doddsville 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 Doddsville'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 Doddsville or another part of Leflore County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Doddsville, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.83%
Estimate Property Tax Bill
$1,584
Ownwell’s DoddsVille Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DoddsVille with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DoddsVille 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 Doddsville, Mississippi
Property taxes in Doddsille, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Doddsille is 1.83%, significantly higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Doddsille set these rates annually, and they can vary significantly across different neighborhoods. Each year, Doddsille 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 Doddsille's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 38736 zip code has the highest median property tax rate of 1.83%, while the 38736 zip code also has the lowest median tax rate of 1.83%. Understanding how these cities compare with Doddsille provides valuable insights into the varying tax landscape across Leflore County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Doddsville Tax Rate
1.83%
Average Leflore County Tax Rate
1.83%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Doddsville, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38736 | 1.32% | 1.83% | 1.83% | 1.84% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Doddsville, Mississippi
In DoddsVille, 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 Leflore 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 DoddsVille, 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 zip code with the highest median tax bill is 38736, amounting to $1,587, while the same zip code also holds the lowest median tax bill at $1,587. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Doddsville Assessed Value
$86,552
Average Leflore County Assessed Value
$41,840
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Doddsville, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38736 | $41,657 | $52,937 | $86,552 | $279,537 | $514,018 |
Source: Ownwell
Property Tax Bills Across Doddsville, Mississippi
Property tax bills in Doddsille, Leflore County, MS are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate, known as the millage rate, is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $86,552, homeowners in Doddsille can expect varying tax bills depending on the assessed value and applicable exemptions. Tax bills in the 25th percentile are around $947, while those in the 75th percentile can reach approximately $5,108. At the higher end, the 90th percentile tax bills can soar to $9,529. Comparatively, the national median property tax rate is 0.99%, which can provide a benchmark for understanding local tax burdens. The highest and lowest median tax bills in the area both stand at $1,587, indicating a consistent tax rate across different zip codes within the county. This system ensures that homeowners contribute to local services proportionate to their property's value.
Average Doddsville Tax Bill
$1,587
Average Leflore County Tax Bill
$611
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Doddsville, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38736 | $544 | $947 | $1,587 | $5,108 | $9,529 |
Source: Ownwell