Utica, Claiborne County, Mississippi Property Taxes
The median property tax rate in Utica, 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 Utica at $48,760, the typical annual property tax bill reaches $510, which is significantly lower than the national median of $2,690. Property taxes in Utica 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 Utica'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 Utica 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
Utica, Claiborne County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.71%
Estimate Property Tax Bill
$834
$774
Ownwell’s Utica Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Utica with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Utica 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 Utica, Claiborne County, Mississippi
Property taxes in Utica, Mississippi, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Utica is 1.71%, significantly higher than the U.S. national median of 0.99%. Local government entities within Utica set these rates annually, and they can vary significantly across different neighborhoods. Each year, Utica 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 Utica's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39175 zip code has the highest median property tax rate of 1.71%, while the same zip code also has the lowest median tax rate of 1.71%. Understanding how these cities compare with Utica 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 Utica 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 Utica, Claiborne County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39175 | 0.64% | 0.76% | 1.71% | 1.72% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Utica, Claiborne County, Mississippi
In Utica, 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 Utica, 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 Utica helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $510, found in zip code 39175, which also has the lowest median tax bill at $510.
Property Tax Assessment Values Across Utica, Claiborne County, Mississippi
Source: Ownwell
$25,470
$37,115
$48,760
Average Utica Assessed Value
$48,760
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 Utica, Claiborne County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39175 | $14,510 | $27,022 | $48,760 | $81,940 | $118,756 |
Source: Ownwell
Property Tax Bills Across Utica, Claiborne County, Mississippi
In Utica, Claiborne County, MS, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor's office. The assessed value is a percentage of the market value of the home. Homeowners in Utica can expect a median home price of $48,760. The property tax rate in this region influences the final tax bill. For instance, homeowners in the 25th percentile pay around $269 in property taxes, while those in the 75th percentile pay approximately $895. At the 90th percentile, the tax bill can rise to about $1,381. The highest and lowest median tax bills in the area are both $510, as observed in the zip code 39175. These tax bills can significantly impact homeowners, affecting their annual budgets and the overall affordability of their homes. Compared to the national median property tax rate of 0.99%, Utica's property tax rates can vary, influencing how much homeowners ultimately pay each year.
Average Utica Tax Bill
$510
Average Claiborne County Tax Bill
$375
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Utica, Claiborne County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39175 | $147 | $269 | $510 | $895 | $1,381 |
Source: Ownwell