Mantee, Clay County, Mississippi Property Taxes
The median property tax rate in Mantee, MS is 1.04%, which is slightly higher than the national median of 0.99% but lower than the Mississippi state median of 1.31%. With a median home value of $32,188, the typical annual property tax bill in Mantee is $377, significantly below the national median of $2,690. Property taxes in Mantee are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Mantee'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 Mantee or another part of Clay County, understanding the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Mantee, Clay County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$335
$311
Ownwell’s Mantee Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mantee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mantee to provide an estimate of 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 Mantee, Clay County, Mississippi
Property taxes in Mantee, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mantee is 0.81%, lower than both the Mississippi state median of 0.81% and the U.S. national median of 0.99%. Local government entities within Mantee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mantee 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 Mantee's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39751 zip code has the highest median property tax rate of 0.81%, while the same zip code also represents the lowest median tax rate of 0.81%. Understanding how these cities compare with Mantee 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 Mantee Tax Rate
1.04%
Average Clay County Tax Rate
1.71%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mantee, Clay County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39751 | 0.68% | 0.70% | 1.04% | 1.67% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Mantee, Clay County, Mississippi
In Mantee, 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 local 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 Mantee, 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. For instance, in the zip code 39751, the highest median tax bill is $377, which matches the lowest median tax bill in the same zip code. 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 Mantee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Mantee, Clay County, Mississippi
Source: Ownwell
$22,826
$36,264
$49,702
Average Mantee Assessed Value
$32,188
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 Mantee, Clay County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39751 | $13,999 | $24,136 | $32,188 | $53,155 | $77,561 |
Source: Ownwell
Property Tax Bills Across Mantee, Clay County, Mississippi
In Mantee, property tax bills are calculated based on the assessed value of the property, which is a percentage of the market value determined by the local tax assessor. For homeowners in Clay County, the median home price is $32,188. The tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence this calculation, including the property's size, location, and condition. In Mantee, the 25th percentile tax bill is $205, while the 75th percentile tax bill is $562, highlighting the range homeowners might expect. At the higher end, the 90th percentile tax bill reaches $1,126. Compared to the national median property tax rate of 0.99%, Mantee's property tax rates are relatively modest. However, these taxes still significantly impact homeowners, affecting their annual budgeting and long-term financial planning. Understanding how these bills are calculated can help homeowners better anticipate their yearly financial obligations.
Average Mantee Tax Bill
$377
Average Clay County Tax Bill
$835
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Mantee, Clay County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39751 | $154 | $205 | $377 | $562 | $1,126 |
Source: Ownwell