Perkinston, Mississippi Property Taxes
The median property tax rate in Perkinston, MS is 1.11%, which is higher than the national median of 0.99% but lower than the Mississippi state median of 1.31%. With the median home value in Perkinston at $57,850, the typical annual property tax bill is $619, significantly below the national median of $2,690. Property taxes in Perkinston are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Perkinston'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 Perkinston or another part of George County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Perkinston, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$642
Ownwell’s Perkinston Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Perkinston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Perkinston 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 Perkinston, Mississippi
Property taxes in Perkinston, Mississippi, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Perkinston is 0.52%, which is lower than both the Mississippi state median of 0.65% and the U.S. national median of 0.99%. Local government entities within Perkinston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Perkinston 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 Perkinston's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39573 zip code has the highest median property tax rate of 0.52%, while the same 39573 zip code also has the lowest median tax rate of 0.52%. Understanding how these cities compare with Perkinston provides valuable insights into the varying tax landscape across George County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Perkinston Tax Rate
1.11%
Average George County Tax Rate
1.06%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Perkinston, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39573 | 0.55% | 0.86% | 1.11% | 1.83% | 1.84% |
Source: Ownwell
Property Tax Assessment Values Across Perkinston, Mississippi
In Perkinston, 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 local 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 Perkinston, 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 Perkinston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 39573 has the highest and lowest median tax bill, both at $619, reflecting the localized nature of property tax assessments.
Average Perkinston Assessed Value
$57,850
Average George County Assessed Value
$59,265
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Perkinston, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39573 | $9,924 | $27,040 | $57,850 | $98,655 | $140,248 |
Source: Ownwell
Property Tax Bills Across Perkinston, Mississippi
In Perkinston, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Perkinston is $57,850. Homeowners' tax bills can vary significantly, with the 25th percentile paying around $361 and the 75th percentile paying up to $1,161 annually. The tax bill for those at the 90th percentile reaches approximately $1,721. These figures illustrate the range of property tax burdens residents may face. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. Higher assessed values generally lead to higher tax bills. For example, the highest median tax bill in the area is $619, associated with the zip code 39573. This variability affects homeowners by potentially increasing their annual expenses, making it essential to understand and manage property taxes effectively. By comparing these figures to the national median property tax rate of 0.99%, it becomes clear how Perkinston's property taxes align within the broader context.
Average Perkinston Tax Bill
$619
Average George County Tax Bill
$573
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Perkinston, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39573 | $73 | $361 | $619 | $1,161 | $1,721 |
Source: Ownwell