Satartia, Mississippi Property Taxes
The median property tax rate in Satartia, MS is 1.75%, significantly higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Satartia at $63,125, the typical annual property tax bill reaches $826, which is below the national median of $2,690. Property taxes in Satartia 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 Satartia'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 Satartia or another part of Yazoo County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Satartia, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.75%
Estimate Property Tax Bill
$1,105
Ownwell’s Satartia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Satartia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Satartia 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 Satartia, Mississippi
Property taxes in Satartia, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Satartia is 1.75%, significantly higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Satartia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Satartia 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 Satartia's effective property tax rate to other regions in Mississippi and the national median. For comparison, the 39162 zip code has the highest median property tax rate of 1.75%, while the same zip code also has the lowest median tax rate of 1.75%. Understanding how these regions compare with Satartia provides valuable insights into the varying tax landscape across Yazoo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Satartia Tax Rate
1.75%
Average Yazoo County Tax Rate
1.74%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Satartia, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39162 | 0.75% | 0.84% | 1.75% | 1.80% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Satartia, Mississippi
In Satartia, 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 Yazoo 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 Satartia, 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 Satartia 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 in Yazoo County is 39162, with a median tax bill of $826.
Average Satartia Assessed Value
$63,125
Average Yazoo County Assessed Value
$47,455
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Satartia, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39162 | $11,336 | $30,440 | $63,125 | $107,688 | $165,768 |
Source: Ownwell
Property Tax Bills Across Satartia, Mississippi
In Satartia, located in Yazoo County, MS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Satartia is $63,125. Homeowners can expect their tax bill to fall within a range, with the 25th percentile at $289 and the 75th percentile at $1,369. For those in the 90th percentile, tax bills can reach up to $2,016. The highest and lowest median tax bills in the area are both $826, highlighting a relatively consistent tax rate within the 39162 zip code. Factors influencing the tax bill include the assessed value of the property, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Satartia's rates can be seen as moderate, impacting homeowners by making property taxes a manageable part of their annual expenses. Understanding these factors helps homeowners anticipate their tax obligations and budget accordingly.
Average Satartia Tax Bill
$826
Average Yazoo County Tax Bill
$698
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Satartia, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39162 | $116 | $289 | $826 | $1,369 | $2,016 |
Source: Ownwell