Belden, Mississippi Property Taxes
The median property tax rate in Belden, MS is 1.30%, slightly higher than the national median of 0.99% but just below the Mississippi state median of 1.31%. With the median home value in Belden at $70,912, the typical annual property tax bill is $1,026, which is lower than the national median of $2,690. Property taxes in Belden 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 Belden'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 Belden 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
Belden, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$922
Ownwell’s Belden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belden 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 Belden, Mississippi
Property taxes in Belden, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belden is 1.30%, significantly higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Belden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belden 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 Belden's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 38826 zip code has the highest median property tax rate of 1.30%, while the same zip code also has the lowest median tax rate of 1.30%. Understanding how these cities compare with Belden provides valuable insights into the varying tax landscape across Pontotoc County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belden Tax Rate
1.30%
Average Pontotoc County Tax Rate
1.32%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belden, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38826 | 1.28% | 1.28% | 1.30% | 1.43% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Belden, Mississippi
In Belden, 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 Pontotoc 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 Belden, 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 Belden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 38826, with a median bill of $1,026, while the same zip code also records the lowest median tax bill at $1,026.
Average Belden Assessed Value
$70,912
Average Pontotoc County Assessed Value
$62,532
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belden, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38826 | $17,348 | $38,938 | $70,912 | $127,861 | $187,860 |
Source: Ownwell
Property Tax Bills Across Belden, Mississippi
In Belden, MS, property tax bills are determined by the assessed value of a home and the local tax rate. The assessed value is a percentage of the home's market value, which in Belden has a median home price of $70,912. Homeowners can expect their tax bills to vary significantly, with the 25th percentile at $582 and the 75th percentile reaching $1,713. For those in the 90th percentile, tax bills can climb to $2,498. The local tax rate in Belden is influenced by various factors, including funding requirements for public services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Belden's rates can be seen as moderate, yet they can still place a financial burden on homeowners, especially those with higher-valued properties. Understanding these factors can help homeowners better anticipate their annual tax obligations and plan accordingly.
Average Belden Tax Bill
$1,026
Average Pontotoc County Tax Bill
$913
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Belden, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38826 | $267 | $582 | $1,026 | $1,713 | $2,498 |
Source: Ownwell