Pattison, Mississippi Property Taxes
The median property tax rate in Pattison, MS is 1.71%, considerably higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Pattison, the typical annual property tax bill reaches $350, which is significantly lower than the national median of $2,690. Property taxes in Pattison 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 Pattison'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 Pattison or another part of Claiborne County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pattison, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.71%
Estimate Property Tax Bill
$620
Ownwell’s Pattison Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pattison with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pattison 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 Pattison, Mississippi
Property taxes in Pattison, Mississippi, are crucial for funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Pattison is 1.71%, significantly higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Pattison set these rates annually, and they can vary across different neighborhoods. Each year, Pattison 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 Pattison's effective property tax rate to other counties in Mississippi and the national median. For comparison, the zip code 39144 has both the highest and lowest median property tax rate of 1.71%, showing uniformity within the area. Understanding how these areas compare with Pattison provides valuable insights into the varying tax landscape across Claiborne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pattison Tax Rate
1.71%
Average Claiborne County Tax Rate
1.71%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pattison, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39144 | 0.73% | 0.81% | 1.71% | 1.71% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Pattison, Mississippi
In Pattison, 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 Claiborne 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 Pattison, 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 Pattison helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Claiborne County, the zip code 39144 has the highest and lowest median tax bill at $350, providing a uniform tax landscape across the region.
Average Pattison Assessed Value
$36,285
Average Claiborne County Assessed Value
$33,925
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pattison, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39144 | $5,628 | $12,598 | $36,285 | $60,125 | $101,234 |
Source: Ownwell
Property Tax Bills Across Pattison, Mississippi
In Pattison, Claiborne County, MS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Pattison is $36,285. Homeowners can expect their tax bills to vary significantly, with the 25th percentile at $157 and the 75th percentile reaching $798. For those at the 90th percentile, tax bills can be as high as $1,477. These variations depend on factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, the property tax rates in Pattison reflect local economic conditions and municipal budget needs. Homeowners in this region should be aware of how these rates impact their overall financial planning. The highest and lowest median tax bills both stand at $350 in the zip code 39144, indicating a relatively uniform tax rate within that area. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Pattison Tax Bill
$350
Average Claiborne County Tax Bill
$375
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Pattison, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39144 | $76 | $157 | $350 | $798 | $1,477 |
Source: Ownwell