Eupora, Mississippi Property Taxes
The median property tax rate in Eupora, MS is 0.63%, significantly lower than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Eupora at $52,113, the typical annual property tax bill reaches $287, well below the national median of $2,690. Property taxes in Eupora 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 Eupora'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 Eupora 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
Eupora, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$328
$305
Ownwell’s Eupora Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eupora with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eupora 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 Eupora, Mississippi
Property taxes in Eupora, Mississippi, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Eupora is 0.63%, which is notably lower than the U.S. national median of 0.99%. Local government entities within Eupora determine these rates annually, and they can vary significantly across different neighborhoods. Each year, Eupora 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 Eupora's effective property tax rate to other areas in Choctaw County and the national median. For comparison, the 39744 zip code has both the highest and lowest median property tax rate of 0.63%, reflecting a consistent tax rate across the region. Understanding how these areas compare with Eupora provides valuable insights into the varying tax landscape across Choctaw County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eupora Tax Rate
0.63%
Average Choctaw County Tax Rate
0.81%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eupora, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39744 | 0.37% | 0.41% | 0.63% | 1.21% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Eupora, Mississippi
In Eupora, 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 Choctaw 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. 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 Eupora helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 39744 has the highest and lowest median tax bill at $287.
Average Eupora Assessed Value
$52,113
Average Choctaw County Assessed Value
$55,604
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eupora, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39744 | $12,285 | $28,503 | $52,113 | $82,350 | $135,048 |
Source: Ownwell
Property Tax Bills Across Eupora, Mississippi
In Eupora, located in Choctaw County, MS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. The median home price in Eupora is $52,113, with property tax bills varying significantly. For instance, the 25th percentile tax bill is $165, while the 75th percentile tax bill reaches $617. At the 90th percentile, homeowners might see tax bills as high as $1,041. These property taxes play a crucial role in funding local services such as schools, public safety, and infrastructure. Homeowners in Eupora should be aware that even minor changes in the assessed value or tax rate can impact their annual tax obligations. Compared to the national median property tax rate of 0.99%, Eupora's property tax rates provide a relatively lower financial burden, making it an attractive option for homeowners seeking affordability.
Average Eupora Tax Bill
$287
Average Choctaw County Tax Bill
$414
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Eupora, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39744 | $76 | $165 | $287 | $617 | $1,041 |
Source: Ownwell