Ethel, Mississippi Property Taxes
The median property tax rate in Ethel, MS is 0.85%, which is lower than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Ethel, the typical annual property tax bill amounts to $445, significantly below the national median of $2,690. Property taxes in Ethel are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Ethel'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 Ethel or another part of the city, being well-versed in the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ethel, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$421
$391
Ownwell’s Ethel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ethel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ethel 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 Ethel, Mississippi
Property taxes in Ethel, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ethel is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Ethel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ethel 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 Ethel's effective property tax rate to other areas in Mississippi and the national median. For comparison, the 39067 zip code has both the highest and lowest median property tax rate of 0.85%. Understanding how these areas compare with Ethel provides valuable insights into the varying tax landscape across Attala County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ethel Tax Rate
0.85%
Average Attala County Tax Rate
1.02%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ethel, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39067 | 0.40% | 0.63% | 0.85% | 1.55% | 1.89% |
Source: Ownwell
Property Tax Assessment Values Across Ethel, Mississippi
In Ethel, 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 local appraisal authorities 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 Ethel, 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 Ethel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $445 in the 39067 zip code, while the lowest is also $445 in the same zip code.
Average Ethel Assessed Value
$49,559
Average Attala County Assessed Value
$55,740
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ethel, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39067 | $15,704 | $28,746 | $49,559 | $77,172 | $126,248 |
Source: Ownwell
Property Tax Bills Across Ethel, Mississippi
In Ethel, located in Attala County, MS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Homeowners in Ethel experience property tax bills that vary significantly, with the 25th percentile bill at $253 and the 75th percentile bill reaching $771. For those at the higher end, the 90th percentile tax bill can be as much as $1,230. Comparatively, the highest median tax bill in the region is $445, which is consistent across the area. These taxes fund essential public services such as schools, infrastructure, and emergency services. The impact on homeowners can be substantial, particularly when considering the median home price in Ethel is $49,559. While the national median property tax rate is 0.99%, local rates can vary, influencing how much homeowners ultimately pay. Understanding these factors can help residents better manage their financial planning and anticipate annual expenses.
Average Ethel Tax Bill
$445
Average Attala County Tax Bill
$625
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Ethel, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39067 | $137 | $253 | $445 | $771 | $1,230 |
Source: Ownwell