Pearlington, Mississippi Property Taxes
The median property tax rate in Pearlington, MS is 0.96%, slightly below the national median of 0.99% and significantly lower than the Mississippi state median of 1.31%. With a median home value of $85,314 in Pearlington, the typical annual property tax bill amounts to $938, well under the national median of $2,690. Property taxes in Pearlington are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Pearlington'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 Pearlington or another part of Hancock County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pearlington, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$819
Ownwell’s Pearlington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pearlington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pearlington 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 Pearlington, Mississippi
Property taxes in Pearlington, Mississippi, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pearlington is 0.96%, slightly below the U.S. national median of 0.99%. Local government entities within Pearlington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pearlington 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 Pearlington's effective property tax rate to other areas in Hancock County and the national median. For comparison, the 39572 zip code has both the highest and lowest median property tax rate of 0.96%. Understanding how these areas compare with Pearlington provides valuable insights into the varying tax landscape across Hancock County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pearlington Tax Rate
0.96%
Average Hancock County Tax Rate
1.25%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pearlington, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39572 | 0.95% | 0.95% | 0.96% | 1.43% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Pearlington, Mississippi
In Pearlington, 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 Hancock 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 Pearlington, 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 Pearlington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Pearlington is 39572, both at $938.
Property Tax Assessment Values Across Pearlington, Mississippi
Source: Ownwell
$85,314
$113,461
$141,607
Average Pearlington Assessed Value
$85,314
Average Hancock County Assessed Value
$120,581
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pearlington, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39572 | $40,491 | $61,103 | $85,314 | $129,513 | $179,645 |
Source: Ownwell
Property Tax Bills Across Pearlington, Mississippi
In Pearlington, located in Hancock County, MS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the final tax bill. For homeowners in Pearlington, the median home price is $85,314. The property tax rate in this region is relatively low compared to the national median property tax rate of 0.99%. Several factors influence the property tax bill, including the market value of the home, the assessment ratio used by the county, and any applicable exemptions or deductions. Homeowners in the 25th percentile can expect a tax bill of approximately $644, while those in the 75th percentile might see a bill closer to $1,487. At the 90th percentile, the tax bill can reach up to $2,271. These property tax bills can significantly affect homeowners' annual expenses, making it crucial to understand how these factors come into play.
Average Pearlington Tax Bill
$938
Average Hancock County Tax Bill
$1,554
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Pearlington, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39572 | $484 | $644 | $938 | $1,487 | $2,271 |
Source: Ownwell