West, Mississippi Property Taxes
The median property tax rate in West, Mississippi 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 West, the typical annual property tax bill reaches $966, which is below the national median of $2,690. Property taxes in West 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 West'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 West 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
West, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$879
$816
Ownwell’s West Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in West with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in West 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 West, Mississippi
Property taxes in WEST, Mississippi, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in WEST is 1.57%, significantly higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within WEST set these rates annually, and they can vary significantly across different neighborhoods. Each year, WEST 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 WEST's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39192 zip code has the highest median property tax rate of 1.57%, while the same zip code also has the lowest median tax rate of 1.57%. Understanding how these areas compare with WEST 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 West 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 West, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39192 | 0.64% | 1.57% | 1.57% | 1.58% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across West, Mississippi
In West, 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 West, 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 West helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 39192 at $966, while the lowest is also 39192 at $966.
Average West Assessed Value
$55,988
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 West, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39192 | $11,086 | $18,564 | $55,988 | $90,665 | $219,483 |
Source: Ownwell
Property Tax Bills Across West, Mississippi
In West, located in Carroll County, MS, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in West can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is around $193, while at the 75th percentile, it rises to approximately $1,497. At the 90th percentile, it can reach up to $3,648. These tax bills are influenced by various factors, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. The median home price in West is $55,988, which plays a crucial role in determining the overall tax burden. Compared to the national median property tax rate of 0.99%, West's property tax rates can represent a substantial financial consideration for homeowners, impacting their annual budget and cost of living.
Average West Tax Bill
$966
Average Carroll County Tax Bill
$394
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across West, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39192 | $137 | $193 | $966 | $1,497 | $3,648 |
Source: Ownwell