Clarksdale, Mississippi Property Taxes
The median property tax rate in Clarksdale, MS is 3.37%, significantly higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Clarksdale at $39,614, the typical annual property tax bill reaches $1,005, which is still lower than the national median of $2,690. Property taxes in Clarksdale are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Clarksdale'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 Clarksdale or another part of Coahoma County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clarksdale, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.37%
Estimate Property Tax Bill
$1,335
Ownwell’s Clarksdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clarksdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clarksdale 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 Clarksdale, Mississippi
Property taxes in Clarksdale, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clarksdale is 3.37%, significantly higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Clarksdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clarksdale 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 Clarksdale's effective property tax rate to other areas in Mississippi and the national median. For comparison, the zip code 38614 has the highest median property tax rate of 3.37%, while the zip code 38720 has the lowest median tax rate of 1.48%. Understanding how these areas compare with Clarksdale provides valuable insights into the varying tax landscape across Coahoma County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clarksdale Tax Rate
3.37%
Average Coahoma County Tax Rate
1.87%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clarksdale, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38614 | 0.80% | 1.63% | 3.37% | 3.37% | 3.37% |
| 38720 | 1.48% | 1.48% | 1.48% | 1.48% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Clarksdale, Mississippi
In Clarksdale, 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 Coahoma 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 Clarksdale, 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. For instance, the highest median tax bill in the area is $1,524 in the 38720 zip code, while the lowest is $1,005 in the 38614 zip code. Being aware of these valuation processes in Clarksdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clarksdale Assessed Value
$39,614
Average Coahoma County Assessed Value
$38,666
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clarksdale, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38614 | $11,501 | $22,453 | $39,610 | $75,002 | $193,750 |
| 38720 | $102,910 | $102,910 | $102,910 | $102,910 | $102,910 |
Source: Ownwell
Property Tax Bills Across Clarksdale, Mississippi
In Clarksdale, located in Coahoma County, MS, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor's office and typically represents a percentage of the property's market value. Factors such as property size, location, and improvements can influence the assessed value. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Homeowners in Clarksdale experience a range of tax bills, with the 25th percentile at $539 and the 75th percentile reaching $1,747. The highest median tax bill in the area is $1,524 in the 38720 zip code, while the lowest median tax bill is $1,005 in the 38614 zip code. Compared to the national median property tax rate of 0.99%, Clarksdale's rates can significantly impact homeowners, making it essential for property owners to understand how their tax bills are derived and the factors that influence them.
Average Clarksdale Tax Bill
$1,005
Average Coahoma County Tax Bill
$908
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Clarksdale, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38614 | $200 | $538 | $1,005 | $1,749 | $3,166 |
| 38720 | $1,524 | $1,524 | $1,524 | $1,524 | $1,524 |
Source: Ownwell