Noxapater, Mississippi Property Taxes
The median property tax rate in Noxapater, MS is 0.74%, which is notably lower than both the national median of 0.99% and the Mississippi state median of 1.31%. With a median home value of $62,292 in Noxapater, the typical annual property tax bill is around $472, significantly below the national median of $2,690. Property taxes in Noxapater are determined based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Noxapater's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Noxapater or another part of Winston County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Noxapater, 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 Noxapater Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Noxapater with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Noxapater 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 Noxapater, Mississippi
Property taxes in Noxapater, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Noxapater is 0.74%, lower than the U.S. national median of 0.99%. Local government entities within Noxapater set these rates annually, and they can vary significantly across different neighborhoods. Each year, Noxapater 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 Noxapater's effective property tax rate to other areas in Mississippi and the national median. For comparison, the zip code 39346 has the same median property tax rate of 0.74%. Understanding how these areas compare with Noxapater provides valuable insights into the varying tax landscape across Winston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Noxapater Tax Rate
0.74%
Average Winston County Tax Rate
0.66%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Noxapater, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39346 | 0.24% | 0.65% | 0.74% | 1.00% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Noxapater, Mississippi
In Noxapater, 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 Winston 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 Noxapater, 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 Noxapater 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 39346, with a median tax bill of $472.00, while the lowest median tax bill is also in the same zip code.
Average Noxapater Assessed Value
$62,292
Average Winston County Assessed Value
$66,478
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Noxapater, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39346 | $14,565 | $36,530 | $62,292 | $100,166 | $159,169 |
Source: Ownwell
Property Tax Bills Across Noxapater, Mississippi
In Noxapater, property tax bills are calculated based on the assessed value of a home, which is determined by the Winston County tax assessor. The assessed value is a percentage of the market value, and this percentage can vary. Homeowners in Noxapater see tax bills that reflect a combination of the property's assessed value and the local tax rate. For instance, the median home price in Noxapater is $62,292, and property tax bills range significantly, with the 25th percentile at $232 and the 75th percentile at $928. The highest median tax bill recorded in the area is $472. These tax bills impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, the property tax burden in Noxapater can be considered relatively moderate. Homeowners must budget for these taxes as part of their overall housing expenses, influencing both affordability and long-term financial planning.
Average Noxapater Tax Bill
$472
Average Winston County Tax Bill
$387
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Noxapater, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39346 | $97 | $232 | $472 | $928 | $1,618 |
Source: Ownwell