Houlka, Mississippi Property Taxes
The median property tax rate in Houlka, MS is 0.92%, which is slightly below the national median of 0.99% and significantly lower than the Mississippi state median of 1.31%. With the median home value in Houlka at $59,594, the typical annual property tax bill is $550, far below the national median of $2,690. Property taxes in Houlka are calculated based on the tax assessed value, which often falls below the market value due to exemptions like primary residence and agricultural exemptions. Understanding Houlka'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 Houlka or another part of the city, understanding the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Houlka, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$548
$509
Ownwell’s Houlka Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Houlka with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Houlka 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 Houlka, Mississippi
Property taxes in Houlka, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Houlka is 0.92%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Houlka set these rates annually, and they can vary significantly across different neighborhoods. Each year, Houlka 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 Houlka's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 38850 zip code has both the highest and lowest median property tax rate of 0.92%. Understanding how these cities compare with Houlka provides valuable insights into the varying tax landscape across Calhoun County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Houlka Tax Rate
0.92%
Average Calhoun County Tax Rate
1.03%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Houlka, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38850 | 0.32% | 0.78% | 0.92% | 1.79% | 1.79% |
Source: Ownwell
Property Tax Assessment Values Across Houlka, Mississippi
In Houlka, 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 Calhoun 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 Houlka, 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 Houlka helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Houlka is $59,594, with tax bills ranging from $284 at the 25th percentile to $1,665 at the 90th percentile. The highest and lowest median tax bills, both at $550, are found in zip code 38850.
Average Houlka Assessed Value
$59,594
Average Calhoun County Assessed Value
$55,127
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Houlka, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38850 | $16,713 | $28,651 | $59,594 | $95,400 | $148,934 |
Source: Ownwell
Property Tax Bills Across Houlka, Mississippi
In Houlka, located in Calhoun County, MS, property tax bills are calculated based on the assessed value of a property, which is derived from the market value. Homeowners in this region typically see a range of property tax bills, with the 25th percentile at $284 and the 75th percentile reaching $1,098. The highest median tax bill recorded in the area is $550, indicating a relatively moderate tax burden compared to the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's assessed value and the local tax rate. For instance, a median home price of $59,594 in Houlka would generate varying tax bills depending on the specific assessment and applicable exemptions. These taxes fund essential public services such as schools, infrastructure, and emergency services, impacting the quality of life for homeowners. Understanding these factors can help residents better anticipate their annual property tax obligations and plan their finances accordingly.
Average Houlka Tax Bill
$550
Average Calhoun County Tax Bill
$645
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Houlka, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38850 | $135 | $284 | $550 | $1,098 | $1,665 |
Source: Ownwell