Duck Hill, Mississippi Property Taxes
The median property tax rate in Duck Hill, MS is 1.11%, which is higher than the national median of 0.99% but lower than the Mississippi state median of 1.31%. With the median home value in Duck Hill at $55,926, the typical annual property tax bill amounts to $634, significantly below the national median of $2,690. Property taxes in Duck Hill are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Duck Hill'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 Duck Hill or another part of Montgomery County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Duck Hill, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$621
Ownwell’s Duck Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Duck Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Duck Hill 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 Montgomery County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Duck Hill, Mississippi
Property taxes in Duck Hill, Mississippi, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Duck Hill is 0.52%, which is lower than both the Mississippi state median of 0.65% and the U.S. national median of 0.99%. Local government entities within Duck Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Duck Hill 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 Duck Hill's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 38925 zip code has both the highest and lowest median property tax rate of 0.52%, showing uniformity in the tax landscape within the region. Understanding how these cities compare with Duck Hill provides valuable insights into the varying tax landscape across Montgomery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Duck Hill Tax Rate
1.11%
Average Montgomery County Tax Rate
1.47%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Duck Hill, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38925 | 0.49% | 0.86% | 1.11% | 1.87% | 1.91% |
Source: Ownwell
Property Tax Assessment Values Across Duck Hill, Mississippi
In Duck Hill, 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 Montgomery County Assessor 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 Duck Hill, 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 zip code 38925 has the highest and lowest median tax bill at $634. 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 Duck Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Duck Hill Assessed Value
$55,926
Average Montgomery County Assessed Value
$52,966
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Duck Hill, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38925 | $14,272 | $30,330 | $55,926 | $91,658 | $156,171 |
Source: Ownwell
Property Tax Bills Across Duck Hill, Mississippi
In Duck Hill, located in Montgomery County, MS, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Homeowners in Duck Hill can expect their tax bills to vary significantly depending on the value of their property. For instance, the median home price in the area is $55,926. Tax bills in the 25th percentile are around $304, while those in the 75th percentile reach approximately $1,186. At the 90th percentile, tax bills can go up to $2,146, highlighting the range of property values and corresponding tax obligations. The highest and lowest median tax bills in Duck Hill both stand at $634, indicating a relatively uniform tax rate across different zip codes in the area. Compared to the national median property tax rate of 0.99%, Duck Hill's property taxes offer a varied landscape, potentially impacting homeowners' financial planning and property-related decisions.
Average Duck Hill Tax Bill
$634
Average Montgomery County Tax Bill
$779
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Duck Hill, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38925 | $154 | $304 | $634 | $1,186 | $2,146 |
Source: Ownwell