Cruger, Mississippi Property Taxes
The median property tax rate in Cruger, MS is 1.57%, considerably higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Cruger, the typical annual property tax bill reaches $383, which is significantly lower than the national median of $2,690. Property taxes in Cruger 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 Cruger'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 Cruger or another part of Carroll County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cruger, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$369
$342
Ownwell’s Cruger Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cruger with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cruger to provide an estimate of your property tax bill. This user-friendly tool offers valuable insights into potential tax liabilities. For those interested in more granular data, neighborhood-level trends are also available. Your property’s assessed value, determined by the county, serves as the basis for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Cruger, Mississippi
Property taxes in Cruger, Mississippi, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cruger is 1.57%, significantly higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Cruger set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cruger 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 Cruger's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 38924 zip code has the highest median property tax rate of 1.57%, while the lowest median tax rate in the same zip code is also 1.57%. Understanding how these cities compare with Cruger provides valuable insights into the varying tax landscape across Carroll County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cruger Tax Rate
1.57%
Average Carroll County Tax Rate
1.57%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cruger, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38924 | 1.57% | 1.57% | 1.57% | 1.58% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Cruger, Mississippi
In Cruger, 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 Carroll County Tax Assessor 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 Cruger, 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 Cruger helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 38924, with a median tax bill of $383.
Average Cruger Assessed Value
$23,504
Average Carroll County Assessed Value
$31,552
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cruger, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38924 | $11,305 | $15,058 | $23,504 | $47,652 | $89,364 |
Source: Ownwell
Property Tax Bills Across Cruger, Mississippi
In Cruger, located in Carroll County, MS, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Key factors influencing the tax bill include the property's market value, local tax rates, and any applicable exemptions or deductions. For homeowners in Cruger, the median home price is $23,504. Property tax bills can vary significantly, with the 25th percentile tax bill at $241 and the 75th percentile reaching $1,378. The 90th percentile tax bill goes up to $1,735, indicating a wide range of potential tax liabilities depending on individual property values and circumstances. Compared to the national median property tax rate of 0.99%, Cruger's tax rates reflect the local economic conditions and property values. These taxes are crucial for funding public services, but they also represent a significant annual expense for homeowners, impacting their overall cost of living and financial planning.
Average Cruger Tax Bill
$383
Average Carroll County Tax Bill
$394
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Cruger, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38924 | $193 | $241 | $383 | $1,378 | $1,735 |
Source: Ownwell