French Camp, Mississippi Property Taxes
The median property tax rate in French Camp, MS is 0.69%, considerably lower than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in French Camp at $61,197, the typical annual property tax bill reaches $479, well below the national median of $2,690. Property taxes in French Camp 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 French Camp'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 French Camp 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
French Camp, Mississippi Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$2,620
Ownwell’s French Camp Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in French Camp with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in French Camp 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 French Camp, Mississippi
Property taxes in French Camp, Mississippi, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in French Camp is 0.69%, which is lower than both the Mississippi state median of 0.81% and the U.S. national median of 0.99%. Local government entities within French Camp set these rates annually, and they can vary significantly across different neighborhoods. Each year, French Camp 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 French Camp's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39745 zip code has the highest median property tax rate of 0.69%, while the same 39745 zip code also has the lowest median tax rate of 0.69%. Understanding how these cities compare with French Camp 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 French Camp Tax Rate
0.69%
Average Choctaw County Tax Rate
0.81%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across French Camp, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39745 | 0.40% | 0.46% | 0.69% | 1.21% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across French Camp, Mississippi
In French Camp, 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. In French Camp, 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 French Camp helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in French Camp are both $479, found in the 39745 zip code.
Average French Camp Assessed Value
$61,197
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 French Camp, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39745 | $15,641 | $31,298 | $61,197 | $105,660 | $201,631 |
Source: Ownwell
Property Tax Bills Across French Camp, Mississippi
In French Camp, property tax bills are calculated based on the assessed value of a home, which is determined by the Choctaw County tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in French Camp can expect a median home price of $61,197. Property tax bills vary significantly, with the 25th percentile at $241 and the 75th percentile reaching $878. The 90th percentile tax bill rises to $1,598, indicating a wide range of tax liabilities depending on property value and applicable exemptions. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any exemptions for which the homeowner may qualify. Compared to the national median property tax rate of 0.99%, French Camp's property tax rates are relatively moderate. These taxes support essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Understanding these factors can help homeowners better anticipate their annual tax obligations and plan accordingly.
Average French Camp Tax Bill
$479
Average Choctaw County Tax Bill
$414
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across French Camp, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39745 | $101 | $241 | $479 | $878 | $1,598 |
Source: Ownwell