Meadville, Amite County, Mississippi Property Taxes
The median property tax rate in Meadville, MS is 1.27%, slightly above the national median of 0.99% but below the Mississippi state median of 1.31%. With the median home value in Meadville at $21,577, the typical annual property tax bill is $146, significantly lower than the national median of $2,690. Property taxes in Meadville are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Meadville'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 Meadville 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
Meadville, Amite County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$274
$254
Ownwell’s Meadville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Meadville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Meadville 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 Meadville, Amite County, Mississippi
Property taxes in Meadville, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Meadville is 1.27%, significantly higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Meadville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Meadville 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 Meadville's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39653 zip code has the highest median property tax rate of 1.27%, while the same zip code also has the lowest median tax rate of 1.27%. Understanding how these cities compare with Meadville provides valuable insights into the varying tax landscape across Amite County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Meadville Tax Rate
1.27%
Average Amite County Tax Rate
1.28%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Meadville, Amite County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39653 | 0.36% | 0.59% | 1.27% | 1.29% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Meadville, Amite County, Mississippi
In Meadville, 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 Amite 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 Meadville, 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 Meadville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 39653 has the highest median tax bill at $146, while the lowest median tax bill is also $146, indicating uniformity in tax bills within the area.
Property Tax Assessment Values Across Meadville, Amite County, Mississippi
Source: Ownwell
$15,818
$21,507
$27,196
Average Meadville Assessed Value
$21,577
Average Amite County Assessed Value
$18,096
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Meadville, Amite County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39653 | $4,121 | $7,128 | $21,577 | $68,998 | $107,629 |
Source: Ownwell
Property Tax Bills Across Meadville, Amite County, Mississippi
In Meadville, MS, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The median home price in Meadville is $21,577. The local tax rate is applied to this assessed value to determine the annual tax bill. For example, homeowners in the 25th percentile pay around $79, while those in the 75th percentile pay approximately $487 annually. At the 90th percentile, the tax bill can reach up to $860. Several factors influence these tax bills, including changes in the market value of homes and local government budget requirements. For homeowners, these taxes fund essential services like schools, public safety, and infrastructure. While the highest and lowest median tax bills in Meadville are both $146, this still falls significantly below the national median property tax rate of 0.99%. Understanding these factors can help homeowners anticipate their tax obligations and plan their finances accordingly.
Average Meadville Tax Bill
$146
Average Amite County Tax Bill
$159
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Meadville, Amite County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39653 | $40 | $79 | $146 | $487 | $860 |
Source: Ownwell