Moss Point, Mississippi Property Taxes
The median property tax rate in Moss Point, MS is 1.10%, slightly higher than the national median of 0.99% but lower than the Mississippi state median of 1.31%. With the median home value in Moss Point at $44,620, the typical annual property tax bill amounts to $490, which is significantly below the national median of $2,690. Property taxes in Moss Point are determined based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Grasping Moss Point'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 Moss Point 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
Moss Point, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$491
$455
Ownwell’s Moss Point Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moss Point with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moss Point 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 Moss Point, Mississippi
Property taxes in Moss Point, Mississippi, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moss Point is 1.10%, significantly higher than the U.S. national median of 0.99%. Local government entities within Moss Point set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moss Point 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 Moss Point's effective property tax rate to other areas and the national median. For comparison, the zip code 39562 has both the highest and lowest median property tax rate of 1.10%. Understanding how these cities compare with Moss Point provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moss Point Tax Rate
1.10%
Average Greene County Tax Rate
1.91%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moss Point, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39562 | 1.10% | 1.10% | 1.10% | 1.10% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Moss Point, Mississippi
In Moss Point, 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 Moss Point, 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 Moss Point helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Moss Point are both $490, found in the 39562 zip code.
Average Moss Point Assessed Value
$44,620
Average Greene County Assessed Value
$13,790
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moss Point, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39562 | $44,620 | $44,620 | $44,620 | $44,620 | $44,620 |
Source: Ownwell
Property Tax Bills Across Moss Point, Mississippi
In Moss Point, located in Greene County, MS, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in Moss Point is $44,620, significantly lower than the national median property tax rate of 0.99%. This results in relatively affordable property tax bills for homeowners. To calculate the tax bill, the county assessor first determines the market value of the property. This value is then multiplied by the assessment ratio, which varies by jurisdiction, to arrive at the assessed value. The local tax rate is applied to this assessed value to calculate the annual property tax bill. In Moss Point, the tax bills at the 25th, 75th, and 90th percentiles are all $490, which is consistent across different zip codes within the city. These factors combined mean that homeowners in Moss Point benefit from some of the lowest property tax bills in the region, providing significant savings compared to other areas.
Average Moss Point Tax Bill
$490
Average Greene County Tax Bill
$191
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Moss Point, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39562 | $490 | $490 | $490 | $490 | $490 |
Source: Ownwell