Biloxi, Mississippi Property Taxes
The median property tax rate in Biloxi, MS is 0.98%, slightly below the national median of 0.99% and significantly lower than the Mississippi state median of 1.31%. With the median home value in Biloxi at $111,107, the typical annual property tax bill amounts to $1,214, which is well below the national median of $2,690. Property taxes in Biloxi are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Biloxi's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Biloxi 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
Biloxi, Mississippi Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$2,620
Ownwell’s Biloxi Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Biloxi with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Biloxi 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 Biloxi, Mississippi
Property taxes in Biloxi, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Biloxi is 0.98%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Biloxi set these rates annually, and they can vary significantly across different neighborhoods. Each year, Biloxi 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 Biloxi's effective property tax rate to other areas within Harrison County and the national median. For comparison, the 39530 zip code has the highest median property tax rate of 1.65%, while the 39532 zip code has the lowest median tax rate of 0.91%. Understanding how these areas compare with Biloxi provides valuable insights into the varying tax landscape across Harrison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Biloxi Tax Rate
0.98%
Average Harrison County Tax Rate
1.06%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Biloxi, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39530 | 0.47% | 0.76% | 1.65% | 1.65% | 1.65% |
| 39531 | 0.48% | 0.75% | 1.10% | 1.65% | 1.65% |
| 39532 | 0.41% | 0.73% | 0.91% | 1.36% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Biloxi, Mississippi
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Biloxi, Mississippi. 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 Harrison 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. 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 Biloxi helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Biloxi, the highest median tax bill is $1,359 in the 39532 zip code, while the lowest median tax bill is $983 in the 39530 zip code.
Average Biloxi Assessed Value
$111,107
Average Harrison County Assessed Value
$100,560
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Biloxi, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39530 | $34,040 | $54,850 | $74,534 | $103,966 | $152,448 |
| 39531 | $50,844 | $72,090 | $98,371 | $182,693 | $281,829 |
| 39532 | $43,320 | $94,870 | $145,735 | $205,384 | $275,163 |
Source: Ownwell
Property Tax Bills Across Biloxi, Mississippi
In Biloxi, located in Harrison County, MS, 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 Biloxi is $111,107. Property taxes are then determined by multiplying the assessed value by the local tax rate. Factors such as the property's location, size, and condition can influence its assessed value. For homeowners, this means that properties in zip code 39532, which have the highest median tax bill of $1,359, may have higher assessed values or a higher local tax rate compared to properties in zip code 39530, where the lowest median tax bill is $983. The tax bill can vary widely, with the 25th percentile at $692 and the 75th percentile at $1,962. At the 90th percentile, homeowners might see a tax bill as high as $2,990. Understanding these factors can help homeowners anticipate their property tax responsibilities and plan accordingly.
Average Biloxi Tax Bill
$1,214
Average Harrison County Tax Bill
$1,165
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Biloxi, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39530 | $333 | $593 | $983 | $1,410 | $2,155 |
| 39531 | $364 | $686 | $1,220 | $2,013 | $3,391 |
| 39532 | $317 | $752 | $1,359 | $2,165 | $3,036 |
Source: Ownwell