Cedarbluff, Mississippi Property Taxes
The median property tax rate in Cedarbluff, MS is 1.66%, considerably higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Cedarbluff at $25,878, the typical annual property tax bill reaches $320, though this is below the national median of $2,690. Property taxes in Cedarbluff 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 Cedarbluff'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 Cedarbluff 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
Cedarbluff, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.66%
Estimate Property Tax Bill
$430
Ownwell’s Cedarbluff Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cedarbluff with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cedarbluff 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 Cedarbluff, Mississippi
Property taxes in Cedarbluff, Mississippi, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cedarbluff is 1.66%, significantly higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Cedarbluff set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cedarbluff 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 Cedarbluff's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39741 zip code has the highest median property tax rate of 1.66%, while the same zip code also has the lowest median tax rate of 1.66%. Understanding how these cities compare with Cedarbluff provides valuable insights into the varying tax landscape across Clay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cedarbluff Tax Rate
1.66%
Average Clay County Tax Rate
1.71%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cedarbluff, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39741 | 0.70% | 0.73% | 1.66% | 1.70% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Cedarbluff, Mississippi
In Cedarbluff, 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 Clay 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 Cedarbluff, 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 Cedarbluff 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 $320 in the 39741 zip code, while the lowest median tax bill is also $320 in the same zip code.
Average Cedarbluff Assessed Value
$25,878
Average Clay County Assessed Value
$45,801
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cedarbluff, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39741 | $12,005 | $16,401 | $25,878 | $45,692 | $71,464 |
Source: Ownwell
Property Tax Bills Across Cedarbluff, Mississippi
In Cedarbluff, located in Clay County, MS, property tax bills are determined based on the assessed value of your home. The assessed value is a percentage of the market value, which is then multiplied by the local tax rate. Homeowners in Cedarbluff typically see a range of tax bills. For instance, at the 25th percentile, the tax bill is around $181, while at the 75th percentile, it reaches $615. Those at the 90th percentile might pay as much as $933. The median home price in Cedarbluff is $25,878, significantly lower than the national median. Consequently, the property tax rates in Cedarbluff can appear relatively modest. However, even these seemingly small amounts can affect homeowners, especially when compared to the national median property tax rate of 0.99%. In Cedarbluff, the highest and lowest median tax bills are both $320, indicating a relatively uniform tax landscape within the city. Understanding these factors can help homeowners budget more effectively and anticipate their annual property tax obligations.
Average Cedarbluff Tax Bill
$320
Average Clay County Tax Bill
$835
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Cedarbluff, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39741 | $109 | $181 | $320 | $615 | $933 |
Source: Ownwell