Sidon, Mississippi Property Taxes
The median property tax rate in Sidon, MS is 1.82%, considerably higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Sidon, the typical annual property tax bill reaches $456, which is significantly lower than the national median of $2,690. Property taxes in Sidon 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 Sidon'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 Sidon 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
Sidon, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.82%
Estimate Property Tax Bill
$686
Ownwell’s Sidon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sidon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sidon 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 Sidon, Mississippi
Property taxes in Sidon, Mississippi, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sidon is 1.82%, significantly higher than the U.S. national median of 0.99%. Local government entities within Sidon set these rates annually, and they can vary across different neighborhoods. Each year, Sidon 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 Sidon's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 38954 zip code has the highest median property tax rate of 1.82%, while the same zip code also has the lowest median tax rate of 1.82%. Understanding how these cities compare with Sidon 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 Sidon Tax Rate
1.82%
Average Leflore County Tax Rate
1.83%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sidon, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38954 | 0.81% | 1.18% | 1.82% | 1.83% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Sidon, Mississippi
In Sidon, 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 Sidon, 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. The median home price in Sidon stands at $37,684, with the 25th percentile tax bill at $251 and the 75th percentile tax bill at $748. The highest and lowest median tax bills are both $456, found in the 38954 zip code. 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 Sidon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sidon Assessed Value
$37,684
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 Sidon, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38954 | $11,006 | $17,303 | $37,684 | $63,480 | $107,116 |
Source: Ownwell
Property Tax Bills Across Sidon, Mississippi
In Sidon, located in Leflore County, MS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Sidon is $37,684. Homeowners' tax bills can vary significantly, with the 25th percentile tax bill at $251 and the 75th percentile reaching $748. For those in the 90th percentile, the tax bill can be as high as $1,677. The assessed value is determined by local tax assessors and is influenced by factors such as property size, location, and improvements. This assessed value is then multiplied by the local tax rate to determine the final tax bill. Compared to the national median property tax rate of 0.99%, Sidon's rates can be more favorable for homeowners, potentially making it an attractive location for those looking to minimize their property tax burden. Understanding these factors can help homeowners anticipate their tax obligations and plan accordingly.
Average Sidon Tax Bill
$456
Average Leflore County Tax Bill
$611
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Sidon, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38954 | $177 | $251 | $456 | $748 | $1,677 |
Source: Ownwell