Forrest County Property Taxes
The median property tax rate in Forrest County is 1.50%, which is significantly higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Forrest County, the typical annual property tax bill reaches $1,069, which is lower than the national median of $2,690. Property taxes in Forrest County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Forrest County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Hattiesburg or another part of Forrest County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Forrest County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.5%
Estimate Property Tax Bill
$1,080
$1,002
Ownwell’s Forrest County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Forrest County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Forrest County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Forrest County, Mississippi
Property taxes in Forrest County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Forrest County is 1.50%, which is higher than the U.S. national median of 0.99%. Local government entities within Forrest County set these rates annually, and they can vary significantly between different areas within the county. Each year, Forrest County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Forrest County's effective property tax rate with other areas in Mississippi and the national median. For comparison, the city of Hattiesburg has one of the higher property tax rates in Mississippi at 1.68%, while the city of Lumberton boasts one of the lowest at 0.94%. Analyzing how Forrest County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Forrest County Tax Rate
1.50%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Forrest County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brooklyn | 0.65% | 0.81% | 1.11% | 1.82% | 1.82% |
| Ellisville | 0.88% | 0.94% | 1.00% | 1.23% | 1.60% |
| Hattiesburg | 0.68% | 1.06% | 1.68% | 2.72% | 2.72% |
| Lumberton | 0.26% | 0.81% | 0.94% | 1.82% | 1.82% |
| Petal | 0.58% | 0.94% | 1.28% | 1.85% | 2.52% |
| Purvis | 0.58% | 0.68% | 1.01% | 1.06% | 1.82% |
| Wiggins | 0.41% | 0.81% | 1.03% | 1.82% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across Forrest County, Mississippi
In Forrest County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Forrest County Appraisal District. The assessed value, however, 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. Assessment notices in Forrest County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Ellisville has the highest median tax bill in the county at $1,260, while Brooklyn has the lowest at $382. The national median property tax rate is 0.99%, and Forrest County's tax bills reflect the regional economic landscape. Being aware of these valuation processes in Forrest County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Forrest County, Mississippi
Source: Ownwell
$36,595
$92,333
$148,070
Average Forrest County Assessed Value
$72,000
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Forrest County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brooklyn | $11,699 | $20,172 | $36,595 | $71,790 | $121,359 |
| Ellisville | $62,825 | $81,052 | $101,850 | $121,035 | $165,985 |
| Hattiesburg | $19,538 | $38,690 | $66,070 | $108,110 | $175,370 |
| Lumberton | $16,098 | $27,300 | $56,030 | $85,860 | $120,224 |
| Petal | $28,882 | $51,395 | $92,610 | $144,370 | $197,096 |
| Purvis | $27,855 | $66,698 | $148,070 | $169,340 | $181,589 |
| Wiggins | $15,670 | $27,190 | $57,160 | $96,985 | $150,460 |
Source: Ownwell
Property Tax Bills Across Forrest County, Mississippi
In Forrest County, MS, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For example, with a median home price of $72,000, homeowners can expect varying tax bills depending on where they fall within the assessed value spectrum. The 25th percentile tax bill is around $561, while the 75th percentile reaches $1,797, and the 90th percentile can be as high as $2,799. Factors such as property location and market trends significantly influence these values. In Forrest County, the highest median tax bill is in Ellisville at $1,260, while the lowest is in Brooklyn at $382. These variations highlight how different areas within the same county can have diverse tax rates and assessments. Understanding these factors helps homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Forrest County Tax Bill
$1,069
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Forrest County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brooklyn | $130 | $244 | $382 | $755 | $1,493 |
| Ellisville | $748 | $921 | $1,260 | $1,944 | $2,290 |
| Hattiesburg | $274 | $559 | $1,060 | $1,799 | $2,843 |
| Lumberton | $121 | $263 | $493 | $912 | $1,411 |
| Petal | $309 | $640 | $1,143 | $1,884 | $2,836 |
| Purvis | $291 | $771 | $1,199 | $1,671 | $1,983 |
| Wiggins | $162 | $307 | $532 | $1,140 | $1,713 |
Source: Ownwell