Wiggins, Mississippi Property Taxes
The median property tax rate in Wiggins, MS is 1.45%, considerably higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Wiggins at $53,034, the typical annual property tax bill reaches $725, which is below the national median of $2,690. Property taxes in Wiggins 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 Wiggins' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Wiggins 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
Wiggins, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$769
Ownwell’s Wiggins Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wiggins with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wiggins 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 Wiggins, Mississippi
Property taxes in Wiggins, Mississippi, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wiggins is 1.45%, significantly higher than the U.S. national median of 0.99%. Local government entities within Wiggins set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wiggins 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 Wiggins' effective property tax rate to other areas in Mississippi and the national median. For comparison, the ZIP code 39577 has both the highest and lowest median property tax rate of 1.45%. Understanding how these areas compare with Wiggins provides valuable insights into the varying tax landscape across Stone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wiggins Tax Rate
1.45%
Average Stone County Tax Rate
1.32%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wiggins, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39577 | 0.70% | 1.06% | 1.45% | 2.13% | 2.43% |
Source: Ownwell
Property Tax Assessment Values Across Wiggins, Mississippi
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Wiggins, Mississippi. 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 Stone 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 Wiggins, 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 median home price in Wiggins is $53,034. The 25th percentile tax bill is $329, while the 75th percentile is $1,302, and the 90th percentile reaches $2,119. The zip code with both the highest and lowest median tax bill is 39577, with a median tax bill of $725. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Average Wiggins Assessed Value
$53,034
Average Stone County Assessed Value
$56,928
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wiggins, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39577 | $8,830 | $24,384 | $53,034 | $91,162 | $140,832 |
Source: Ownwell
Property Tax Bills Across Wiggins, Mississippi
In Wiggins, located in Stone County, MS, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the property's market value, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Wiggins, the median home price is $53,034. Property tax bills can vary significantly, with the 25th percentile tax bill being $329 and the 75th percentile reaching $1,302. The 90th percentile tax bill can go as high as $2,119. The median tax bill in the area stands at $725, which is notably lower than the national median property tax rate of 0.99%. These property taxes fund essential local services, including schools, infrastructure, and emergency services. Understanding how these taxes are calculated helps homeowners budget effectively and appreciate the value these contributions bring to their community.
Average Wiggins Tax Bill
$725
Average Stone County Tax Bill
$722
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Wiggins, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39577 | $128 | $329 | $725 | $1,302 | $2,119 |
Source: Ownwell