West, Mississippi Property Taxes
The median property tax rate in West, MS is 0.89%, notably lower than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in West at $60,398, the typical annual property tax bill amounts to $489, well below the national median of $2,690. Property taxes in West are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding West'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 West 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
West, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$538
Ownwell’s WEST Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WEST with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WEST 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 West, Mississippi
Property taxes in West, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West is 0.89%, which is slightly below the U.S. national median of 0.99%. Local government entities within West set these rates annually, and they can vary significantly across different neighborhoods. Each year, West 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 West's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39192 zip code has both the highest and lowest median property tax rate of 0.89%. Understanding how these cities compare with West 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 West Tax Rate
0.89%
Average Attala County Tax Rate
1.02%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across West, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39192 | 0.33% | 0.63% | 0.89% | 1.55% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across West, Mississippi
In WEST, 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 WEST, 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. For instance, the highest median tax bill in WEST is $489 in the 39192 zip code, which is the same as the lowest median tax bill. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average West Assessed Value
$60,398
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 West, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39192 | $18,830 | $30,981 | $60,398 | $96,710 | $166,569 |
Source: Ownwell
Property Tax Bills Across West, Mississippi
In West, located in Attala County, MS, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the local tax assessor and typically represents a percentage of the property's market value. Homeowners in West can expect property tax bills that vary significantly depending on the value of their homes. For instance, the 25th percentile tax bill is around $280, while the 75th percentile tax bill reaches approximately $1,092. At the higher end, the 90th percentile tax bill can be as much as $1,851. Factors considered in determining the tax bill include the property's location, size, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, property taxes in West can be relatively moderate or high, depending on the specific property. These taxes significantly impact homeowners by influencing their annual expenses and potentially affecting their ability to afford and maintain their properties. The highest and lowest median tax bills in the area are both $489, found in the zip code 39192.
Average West Tax Bill
$489
Average Attala County Tax Bill
$625
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across West, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39192 | $147 | $280 | $489 | $1,092 | $1,851 |
Source: Ownwell