Jonestown, Mississippi Property Taxes
The median property tax rate in Jonestown, MS is 3.42%, significantly higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Jonestown at $23,510, the typical annual property tax bill reaches $624, which is notably below the national median of $2,690. Property taxes in Jonestown 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 Jonestown'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 Jonestown 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
Jonestown, Mississippi Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$2,620
Ownwell’s Jonestown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jonestown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jonestown 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 Jonestown, Mississippi
Property taxes in Jonestown, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jonestown is 3.42%, significantly higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Jonestown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jonestown 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 Jonestown's effective property tax rate to other counties in Mississippi and the national median. For comparison, the highest and lowest median property tax rates in Coahoma County are both 3.42%, indicating uniformity across the region. Understanding how these cities compare with Jonestown 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 Jonestown Tax Rate
3.42%
Average Coahoma County Tax Rate
1.87%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jonestown, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38639 | 1.86% | 1.87% | 3.42% | 3.42% | 3.42% |
Source: Ownwell
Property Tax Assessment Values Across Jonestown, Mississippi
In Jonestown, 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 Jonestown, 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 median home price in Jonestown is $23,510, with tax bills ranging from $210 at the 25th percentile to $1,557 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Jonestown Assessed Value
$23,510
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 Jonestown, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38639 | $4,959 | $7,616 | $23,510 | $43,802 | $55,724 |
Source: Ownwell
Property Tax Bills Across Jonestown, Mississippi
In Jonestown, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's market value, location, and any improvements or renovations made to the property. For homeowners in Jonestown, the median home price is $23,510. Tax bills can vary significantly, with the 25th percentile at $210 and the 75th percentile reaching $1,169, while the 90th percentile can go as high as $1,557. These figures indicate a broad range of tax liabilities that homeowners might face, depending on their property's assessed value and specific circumstances. When compared to the national median property tax rate of 0.99%, Jonestown's rates can be seen as relatively moderate. Understanding these factors can help homeowners better anticipate their annual tax obligations and manage their finances accordingly.
Average Jonestown Tax Bill
$624
Average Coahoma County Tax Bill
$908
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Jonestown, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38639 | $130 | $210 | $624 | $1,169 | $1,557 |
Source: Ownwell