Smithdale, Mississippi Property Taxes
The median property tax rate in Smithdale, MS is 1.28%, slightly higher than the national median of 0.99% but just below the Mississippi state median of 1.31%. With a median home value of $23,940 in Smithdale, the typical annual property tax bill is around $197, which is significantly lower than the national median of $2,690. Property taxes in Smithdale are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Smithdale'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 Smithdale or another part of Amite County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Smithdale, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$306
$284
Ownwell’s Smithdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Smithdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Smithdale 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 Smithdale, Mississippi
Property taxes in Smithdale, Mississippi, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Smithdale is 1.28%, significantly higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Smithdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Smithdale 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 Smithdale's effective property tax rate to other areas in Mississippi and the national median. For comparison, the 39664 zip code has the highest median property tax rate of 1.28%, while the same 39664 zip code also has the lowest median tax rate of 1.28%. Understanding how these areas compare with Smithdale 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 Smithdale Tax Rate
1.28%
Average Amite County Tax Rate
1.28%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Smithdale, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39664 | 0.44% | 0.58% | 1.28% | 1.31% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Smithdale, Mississippi
In Smithdale, 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 Smithdale, 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 Smithdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $197.00 in zip code 39664.
Average Smithdale Assessed Value
$23,940
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 Smithdale, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39664 | $1,956 | $6,645 | $23,940 | $65,666 | $114,886 |
Source: Ownwell
Property Tax Bills Across Smithdale, Mississippi
In Smithdale, located in Amite County, MS, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Smithdale stands at $23,940. To determine the tax bill, the assessed value is multiplied by the local tax rate. For residents, the property tax rate is significantly lower than the national median of 0.99%. Several factors influence the final tax bill, including the assessed value of the property and applicable exemptions. For instance, the tax bills in Smithdale range from $61 at the 25th percentile to $934 at the 90th percentile, reflecting the diversity in property values and exemptions applied. The median tax bill in the area is $197, which is consistent across the 39664 zip code. For homeowners, understanding these factors is crucial as they directly impact annual expenses. Lower property taxes can make homeownership more affordable, but it's essential to stay informed about any changes in local tax rates or property assessments to budget effectively.
Average Smithdale Tax Bill
$197
Average Amite County Tax Bill
$159
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Smithdale, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39664 | $18 | $61 | $197 | $466 | $934 |
Source: Ownwell