Sidon, Carroll County, Mississippi Property Taxes
The median property tax rate in Sidon, MS is 1.57%, considerably higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With a median home value of $43,652 in Sidon, the typical annual property tax bill reaches $374, which is significantly lower than the national median of $2,690. Property taxes in Sidon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sidon'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 Sidon 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
Sidon, Carroll County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$685
$636
Ownwell’s Sidon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sidon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sidon 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 Sidon, Carroll County, Mississippi
Property taxes in Sidon, Mississippi, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sidon is 0.52%, significantly lower than both the Mississippi state median of 0.80% and the U.S. national median of 0.99%. Local government entities within Sidon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sidon 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 Sidon's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 38954 zip code has the highest median property tax rate of 0.52%, while the same 38954 zip code also has the lowest median tax rate of 0.52%. Understanding how these cities compare with Sidon 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 Sidon 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 Sidon, Carroll County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38954 | 0.64% | 0.81% | 1.57% | 1.57% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Sidon, Carroll County, Mississippi
In Sidon, 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 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 Sidon, 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 Sidon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 38954 has both the highest and lowest median tax bill at $374, highlighting the uniformity in tax assessments within the area.
Property Tax Assessment Values Across Sidon, Carroll County, Mississippi
Source: Ownwell
$22,379
$39,184
$55,988
Average Sidon Assessed Value
$43,652
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 Sidon, Carroll County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38954 | $13,302 | $15,708 | $43,652 | $53,397 | $60,395 |
Source: Ownwell
Property Tax Bills Across Sidon, Carroll County, Mississippi
Property tax bills in Sidon, located in Carroll County, MS, are calculated based on the assessed value of a property, which is typically a percentage of its market value. The median home price in Sidon is $43,652, and the property tax rate is applied to this assessed value to determine the annual tax bill. For homeowners, this means that their tax obligation varies depending on the assessed value of their property and the specific tax rate set by local authorities. Several factors contribute to the final tax bill, including property size, location, and any applicable exemptions. In Sidon, the 25th percentile tax bill is $257, while the 75th percentile tax bill is $460. At the 90th percentile, homeowners might see tax bills as high as $681. These figures indicate that even within the same city, tax bills can vary significantly, impacting homeowners differently based on their property's assessed value. Compared to the national median property tax rate of 0.99%, Sidon's rates offer a unique perspective on local taxation.
Average Sidon Tax Bill
$374
Average Carroll County Tax Bill
$394
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Sidon, Carroll County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38954 | $213 | $257 | $374 | $460 | $681 |
Source: Ownwell