Union Church, Mississippi Property Taxes
The median property tax rate in Union Church, MS is 0.52%, significantly lower than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Union Church at $61,200, the typical annual property tax bill is $525, well below the national median of $2,690. Property taxes in Union Church are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Union Church'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 Union Church or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Union Church, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$318
Ownwell’s Union Church Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Union Church with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Union Church 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 Union Church, Mississippi
Property taxes in Union Church, Mississippi, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Union Church is 0.52%, which is below both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Union Church set these rates annually, and they can vary significantly across different neighborhoods. Each year, Union Church 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 Union Church'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 Franklin County are both 0.52%, the same as Union Church. Understanding how these cities compare with Union Church 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 Union Church Tax Rate
0.52%
Average Franklin County Tax Rate
1.37%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Union Church, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39668 | 0.52% | 0.52% | 0.52% | 0.52% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Union Church, Mississippi
In Union Church, 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 Union Church, 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 Union Church helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Union Church are both $525, found in the 39668 zip code.
Average Union Church Assessed Value
$61,200
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 Union Church, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39668 | $52,968 | $56,055 | $61,200 | $81,355 | $93,448 |
Source: Ownwell
Property Tax Bills Across Union Church, Mississippi
Property tax bills in Union Church, located in Franklin County, MS, are calculated based on the assessed value of the property. The median home price in this area is $61,200. To determine the property tax bill, local authorities apply the tax rate to the assessed value of the home. For Union Church, the median property tax bill is $525. This consistent figure represents the 25th, 75th, and 90th percentiles, indicating a uniform tax rate across different property values. Several factors influence the tax bill, including the assessed value of the property and the local tax rate. Homeowners in Union Church benefit from a relatively low property tax burden compared to the national median property tax rate of 0.99%. This lower tax rate can make Union Church an attractive location for homeowners seeking affordability. Understanding how these tax bills are calculated helps homeowners budget effectively and plan for their financial responsibilities.
Average Union Church Tax Bill
$525
Average Franklin County Tax Bill
$566
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Union Church, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39668 | $525 | $525 | $525 | $525 | $525 |
Source: Ownwell