Conehatta, Mississippi Property Taxes
The median property tax rate in Conehatta, MS is 1.67%, considerably higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Conehatta at $25,390, the typical annual property tax bill reaches $300, which is below the national median of $2,690. Property taxes in Conehatta 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 Conehatta'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 Conehatta or another part of Neshoba County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Conehatta, 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 Conehatta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Conehatta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Conehatta 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 Conehatta, Mississippi
Property taxes in Conehatta, Mississippi, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Conehatta is 1.67%, significantly higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Conehatta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Conehatta 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 Conehatta's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39057 zip code has both the highest and lowest median property tax rate of 1.67%. Understanding how these areas compare with Conehatta provides valuable insights into the varying tax landscape across Neshoba County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Conehatta Tax Rate
1.67%
Average Neshoba County Tax Rate
1.25%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Conehatta, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39057 | 1.41% | 1.66% | 1.67% | 1.71% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across Conehatta, Mississippi
In Conehatta, 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 Neshoba 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 Conehatta, 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 Conehatta is $25,390, with tax bills ranging from $175 at the 25th percentile to $911 at the 90th percentile. The zip code with the highest median tax bill is 39057, which stands at $300. 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 Conehatta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Conehatta Assessed Value
$25,390
Average Neshoba County Assessed Value
$53,540
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Conehatta, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39057 | $10,116 | $12,940 | $25,390 | $53,535 | $62,914 |
Source: Ownwell
Property Tax Bills Across Conehatta, Mississippi
In Conehatta, located in Neshoba County, Mississippi, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. For instance, the median home price in Conehatta is $25,390. Homeowners in Conehatta see a range of tax bills, with the 25th percentile at $175 and the 75th percentile at $669. The 90th percentile tax bill reaches up to $911. These figures indicate that while some homeowners may pay relatively low property taxes, others could face higher bills depending on their property's assessed value. Compared to the national median property tax rate of 0.99%, Conehatta's property tax amounts are significantly lower. This lower tax burden can make homeownership more affordable, but it also means that local services funded by property taxes may have fewer resources.
Average Conehatta Tax Bill
$300
Average Neshoba County Tax Bill
$527
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Conehatta, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39057 | $170 | $175 | $300 | $669 | $911 |
Source: Ownwell