Sallis, Mississippi Property Taxes
The median property tax rate in Sallis, MS is 0.84%, 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 Sallis, the typical annual property tax bill is $420, significantly below the national median of $2,690. Property taxes in Sallis 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 Sallis'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 Sallis 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
Sallis, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$397
$368
Ownwell’s Sallis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sallis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sallis 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 Sallis, Mississippi
Property taxes in Sallis, Mississippi, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sallis is 0.84%, slightly lower than the U.S. national median of 0.99%. Local government entities within Sallis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sallis 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 Sallis's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39160 zip code has the highest median property tax rate of 0.84%, while the same zip code also has the lowest median tax rate of 0.84%. Understanding how these cities compare with Sallis 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 Sallis Tax Rate
0.84%
Average Attala County Tax Rate
1.02%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sallis, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39160 | 0.50% | 0.62% | 0.84% | 1.54% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Sallis, Mississippi
In Sallis, 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 Attala 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 Sallis, 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. The median home price in Sallis is $47,241, with the 25th percentile tax bill at $208 and the 75th percentile tax bill at $776. The highest median tax bill in the area is $420, found in the 39160 zip code, which also has the lowest median tax bill at $420. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sallis Assessed Value
$47,241
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 Sallis, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39160 | $13,526 | $24,568 | $47,241 | $75,886 | $129,407 |
Source: Ownwell
Property Tax Bills Across Sallis, Mississippi
In Sallis, 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 median home price in Sallis is $47,241. Property taxes are then determined by applying the local tax rate to the assessed value. For example, if your home is assessed at a certain percentage of its market value, you apply the tax rate to this assessed value to determine your annual tax bill. Several factors influence the final tax bill, including the home's assessed value, the local tax rate, and any applicable exemptions. In Sallis, the tax bills can vary significantly, with the 25th percentile at $208 and the 75th percentile at $776. For those in the 90th percentile, the tax bill reaches up to $1,338. These property taxes directly impact homeowners, influencing their overall cost of living and potentially affecting their financial planning. Comparing this to the national median property tax rate of 0.99%, Sallis homeowners may find their property tax rates more manageable, but it's essential to consider individual circumstances.
Average Sallis Tax Bill
$420
Average Attala County Tax Bill
$625
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Sallis, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39160 | $108 | $208 | $420 | $776 | $1,338 |
Source: Ownwell