Vaiden, Mississippi Property Taxes
The median property tax rate in Vaiden, Mississippi is 0.81%, significantly lower than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Vaiden at $62,076, the typical annual property tax bill amounts to $609, which is well below the national median of $2,690. Property taxes in Vaiden are calculated based on the tax assessed value, often lower than the market value due to various exemptions like those for primary residences and agricultural properties. Understanding Vaiden'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 Vaiden 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
Vaiden, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$503
$467
Ownwell’s Vaiden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Vaiden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Vaiden 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 Vaiden, Mississippi
Property taxes in Vaiden, Mississippi, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Vaiden is 0.81%, lower than the U.S. national median of 0.99%. Local government entities within Vaiden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Vaiden 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 Vaiden's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39176 zip code has the highest median property tax rate of 0.81%, while the same zip code also has the lowest median tax rate of 0.81%. Understanding how these cities compare with Vaiden 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 Vaiden Tax Rate
0.81%
Average Attala County Tax Rate
1.02%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vaiden, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39176 | 0.53% | 0.63% | 0.81% | 1.54% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Vaiden, Mississippi
In Vaiden, 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 Vaiden, 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 Vaiden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Vaiden are both $609, found in the 39176 zip code.
Average Vaiden Assessed Value
$62,076
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 Vaiden, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39176 | $23,016 | $39,328 | $62,076 | $105,265 | $151,333 |
Source: Ownwell
Property Tax Bills Across Vaiden, Mississippi
In Vaiden, located in Attala County, MS, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. For example, if the median home price is $62,076, the assessed value is determined by applying the county's assessment ratio to this figure. The resulting assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. Several factors influence the tax bill, including the home's location, property size, and any applicable exemptions. Homeowners in Vaiden might see tax bills ranging from the 25th percentile at $376 to the 75th percentile at $947, with the 90th percentile reaching up to $1,581. These variations can significantly impact homeowners' finances, especially when compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their annual expenses and plan accordingly.
Average Vaiden Tax Bill
$609
Average Attala County Tax Bill
$625
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Vaiden, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39176 | $174 | $376 | $609 | $947 | $1,581 |
Source: Ownwell