Mc Call Creek, Mississippi Property Taxes
The median property tax rate in McCall Creek, MS is 1.01%, slightly higher than the national median of 0.99%, yet lower than the Mississippi state median of 1.31%. With a median home value of $60,710 in McCall Creek, the typical annual property tax bill is approximately $640, which is significantly below the national median of $2,690. Property taxes in McCall Creek are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural purposes. Understanding McCall Creek's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of McCall Creek or another part of Franklin County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mc Call Creek, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$613
Ownwell’s MC CALL CREEK Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MC CALL CREEK with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MC CALL CREEK 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 Mc Call Creek, Mississippi
Property taxes in Mc Call Creek, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mc Call Creek is 0.52%, significantly lower than both the Mississippi state median of 0.65% and the U.S. national median of 0.99%. Local government entities in Mc Call Creek set these rates annually, and they can vary across different neighborhoods. Each year, Mc Call Creek 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 Mc Call Creek's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39647 zip code has the highest median property tax rate of 0.52%, while the same zip code also has the lowest median tax rate of 0.52%. Understanding how these cities compare with Mc Call Creek provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mc Call Creek Tax Rate
1.01%
Average Franklin County Tax Rate
1.37%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mc Call Creek, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39647 | 0.34% | 0.76% | 1.01% | 1.74% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Mc Call Creek, Mississippi
In MC CALL CREEK, 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 Franklin 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 MC CALL CREEK, 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 MC CALL CREEK helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $640.00 in zip code 39647.
Property Tax Assessment Values Across Mc Call Creek, Mississippi
Source: Ownwell
$35,765
$59,740
$83,715
Average Mc Call Creek Assessed Value
$60,710
Average Franklin County Assessed Value
$51,050
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mc Call Creek, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39647 | $16,263 | $37,608 | $60,710 | $91,740 | $139,713 |
Source: Ownwell
Property Tax Bills Across Mc Call Creek, Mississippi
In Mc Call Creek, Franklin County, MS, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor, who evaluates the property's market value and then applies the appropriate assessment ratio. This ratio is typically a percentage of the market value, which is then multiplied by the local tax rate to calculate the property tax bill. Several factors influence the tax bill, including the property's location, size, and condition. For instance, the median home price in Mc Call Creek is $60,710. Homeowners in the 25th percentile pay around $319, while those in the 75th percentile pay approximately $1,083. High-value properties can see tax bills reaching up to $1,766 at the 90th percentile. Compared to the national median property tax rate of 0.99%, Mc Call Creek's property taxes can vary significantly, impacting homeowners differently based on their property's assessed value. Understanding these factors is crucial for homeowners to anticipate their annual property tax obligations.
Average Mc Call Creek Tax Bill
$640
Average Franklin County Tax Bill
$566
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Mc Call Creek, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39647 | $151 | $319 | $640 | $1,083 | $1,766 |
Source: Ownwell