Blue Mountain, Benton County, Mississippi Property Taxes
The median property tax rate in Blue Mountain, MS is 1.93%, considerably higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Blue Mountain at $25,460, the typical annual property tax bill reaches $286, which is lower than the national median of $2,690. Property taxes in Blue Mountain are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Blue Mountain'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 Blue Mountain 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
Blue Mountain, Benton County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.93%
Estimate Property Tax Bill
$491
$456
Ownwell’s BLUE MOUNTAIN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BLUE MOUNTAIN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BLUE MOUNTAIN 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 Blue Mountain, Benton County, Mississippi
Property taxes in Blue Mountain, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blue Mountain is 1.93%, significantly higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Blue Mountain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blue Mountain 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 Blue Mountain's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 38610 zip code has the highest median property tax rate of 1.93%, while the same zip code also has the lowest median tax rate of 1.93%. Understanding how these cities compare with Blue Mountain provides valuable insights into the varying tax landscape across Benton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blue Mountain Tax Rate
1.93%
Average Benton County Tax Rate
1.92%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blue Mountain, Benton County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38610 | 0.87% | 1.00% | 1.93% | 1.97% | 2.01% |
Source: Ownwell
Property Tax Assessment Values Across Blue Mountain, Benton County, Mississippi
In Blue Mountain, 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 Benton 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 Blue Mountain, 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 the area is $286 in the 38610 zip code. Being aware of these valuation processes in Blue Mountain helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Blue Mountain, Benton County, Mississippi
Source: Ownwell
$14,120
$22,280
$30,440
Average Blue Mountain Assessed Value
$25,460
Average Benton County Assessed Value
$21,390
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blue Mountain, Benton County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38610 | $2,178 | $8,180 | $25,460 | $53,830 | $84,570 |
Source: Ownwell
Property Tax Bills Across Blue Mountain, Benton County, Mississippi
In Blue Mountain, Mississippi, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value, and this value is then multiplied by the local tax rate to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Blue Mountain, the median home price is $25,460. The property tax rate in Benton County is relatively low compared to the national median property tax rate of 0.99%. As a result, homeowners in Blue Mountain experience a range of tax bills. At the 25th percentile, the tax bill is $103, while at the 75th percentile, it rises to $562. For those in the 90th percentile, the tax bill can be as high as $1,356. This variability in tax bills means that homeowners need to be aware of how changes in their property's assessed value can impact their annual tax obligations.
Average Blue Mountain Tax Bill
$286
Average Benton County Tax Bill
$264
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Blue Mountain, Benton County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38610 | $38 | $103 | $286 | $562 | $1,356 |
Source: Ownwell