Houston, Mississippi Property Taxes
The median property tax rate in Houston, Mississippi is 0.97%, slightly below the national median of 0.99% but still lower than the Mississippi state median of 1.31%. With the median home value in Houston at $95,435, the typical annual property tax bill amounts to $1,269, which is significantly less than the national median of $2,690. Property taxes in Houston are calculated based on the tax assessed value, which often falls below market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Houston'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 Houston 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
Houston, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$926
$859
Ownwell’s Houston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Houston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Houston 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 Houston, Mississippi
Property taxes in Houston, Mississippi, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Houston is 0.97%, slightly lower than the U.S. national median of 0.99%. Local government entities within Houston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Houston 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 Houston's effective property tax rate to other areas in Mississippi and the national median. For comparison, the zip code 38851 has the highest median property tax rate of 0.97%, while the same zip code also has the lowest median tax rate of 0.97%. Understanding how these areas compare with Houston 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 Houston Tax Rate
0.97%
Average Calhoun County Tax Rate
1.03%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Houston, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38851 | 0.83% | 0.87% | 0.97% | 0.98% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Houston, Mississippi
In Houston, 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 Houston, 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 example, the highest median tax bill in Houston is $1,269 in the 38851 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Houston Assessed Value
$95,435
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 Houston, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38851 | $53,495 | $68,747 | $95,435 | $130,738 | $134,962 |
Source: Ownwell
Property Tax Bills Across Houston, Mississippi
In Houston, located in Calhoun County, MS, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is typically a percentage of the market value. Homeowners in Houston can expect their property tax bills to vary significantly depending on the value of their property. For instance, the median home price in Houston is $95,435, and tax bills can range widely. The 25th percentile tax bill is around $549, while the 75th percentile reaches approximately $1,346. For those in the 90th percentile, tax bills can be as high as $1,561. These figures are influenced by factors such as property improvements, neighborhood developments, and local tax rates. Compared to the national median property tax rate of 0.99%, Houston's property tax rates can have a substantial impact on homeowners, potentially affecting their financial planning and homeownership costs.
Average Houston Tax Bill
$1,269
Average Calhoun County Tax Bill
$645
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Houston, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38851 | $446 | $549 | $1,269 | $1,346 | $1,561 |
Source: Ownwell