Enterprise, Clarke County, Mississippi Property Taxes
The median property tax rate in Enterprise, MS is 1.09%, slightly higher than the national median of 0.99% but lower than the Mississippi state median of 1.31%. With the median home value in Enterprise at $68,270, the typical annual property tax bill is $725, which is below the national median of $2,690. Property taxes in Enterprise are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Enterprise'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 Enterprise 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
Enterprise, Clarke County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$744
$691
Ownwell’s Enterprise Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Enterprise with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Enterprise 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 Enterprise, Clarke County, Mississippi
Property taxes in Enterprise, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Enterprise is 1.09%, which is higher than the U.S. national median of 0.99%. Local government entities within Enterprise set these rates annually, and they can vary significantly across different neighborhoods. Each year, Enterprise 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 Enterprise's effective property tax rate to other areas in Mississippi and the national median. For comparison, the zip code 39330 has the highest median property tax rate of 1.09%, while the same zip code also has the lowest median tax rate of 1.09%. Understanding how these areas compare with Enterprise provides valuable insights into the varying tax landscape across Clarke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Enterprise Tax Rate
1.09%
Average Clarke County Tax Rate
1.13%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Enterprise, Clarke County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39330 | 0.66% | 0.80% | 1.09% | 1.67% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Enterprise, Clarke County, Mississippi
In Enterprise, 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 Clarke 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 Enterprise, 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 Enterprise 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 39330, amounting to $725.00, which is the same for the lowest median tax bill.
Property Tax Assessment Values Across Enterprise, Clarke County, Mississippi
Source: Ownwell
$41,140
$63,260
$85,380
Average Enterprise Assessed Value
$68,270
Average Clarke County Assessed Value
$54,740
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Enterprise, Clarke County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39330 | $20,734 | $39,490 | $68,270 | $122,640 | $177,924 |
Source: Ownwell
Property Tax Bills Across Enterprise, Clarke County, Mississippi
In Enterprise, Clarke County, MS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Local tax assessors determine the market value by evaluating various factors such as the property's location, size, and condition. The assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Enterprise, the median home price stands at $68,270. Property tax bills vary widely, with the 25th percentile at $396 and the 75th percentile reaching $1,248. At the 90th percentile, the tax bill can go up to $1,974. These figures illustrate the range of property tax obligations residents might face. Compared to the national median property tax rate of 0.99%, Enterprise residents experience a different financial impact. Understanding how these taxes are calculated helps homeowners anticipate their annual expenses and plan accordingly, ensuring they are prepared for their property tax obligations.
Average Enterprise Tax Bill
$725
Average Clarke County Tax Bill
$608
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Enterprise, Clarke County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39330 | $225 | $396 | $725 | $1,248 | $1,974 |
Source: Ownwell