Lucedale, Jackson County, Mississippi Property Taxes
The median property tax rate in Lucedale, MS is 1.02%, slightly higher than the national median of 0.99% but lower than the Mississippi state median of 1.31%. With a median home value of $112,572, the typical annual property tax bill in Lucedale reaches $1,045, which is below the national median of $2,690. Property taxes in Lucedale are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Lucedale'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 Lucedale 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
Lucedale, Jackson County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$1,148
$1,066
Ownwell’s Lucedale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lucedale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lucedale 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 Lucedale, Jackson County, Mississippi
Property taxes in Lucedale, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lucedale 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 Lucedale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lucedale 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 Lucedale's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39452 zip code has the highest median property tax rate of 0.52%, while the same zip code also has the lowest median tax rate of 0.52%. Understanding how these figures compare with Lucedale provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lucedale Tax Rate
1.02%
Average Jackson County Tax Rate
1.16%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lucedale, Jackson County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39452 | 0.43% | 0.80% | 1.02% | 1.79% | 1.79% |
Source: Ownwell
Property Tax Assessment Values Across Lucedale, Jackson County, Mississippi
In Lucedale, 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 Jackson 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 Lucedale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area both stand at $1,045, found in the 39452 zip code.
Property Tax Assessment Values Across Lucedale, Jackson County, Mississippi
Source: Ownwell
$45,133
$85,941
$126,748
Average Lucedale Assessed Value
$112,572
Average Jackson County Assessed Value
$94,879
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lucedale, Jackson County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39452 | $25,222 | $52,356 | $112,572 | $167,176 | $232,498 |
Source: Ownwell
Property Tax Bills Across Lucedale, Jackson County, Mississippi
In Lucedale, property tax bills are calculated based on the assessed value of a home, not its market value. The assessed value is determined by the Jackson County tax assessor and is a percentage of the market value. Property tax rates in Lucedale can vary, but they are generally lower compared to the national median property tax rate of 0.99%. Homeowners in Lucedale typically see tax bills ranging from $500 at the 25th percentile to $1,796 at the 75th percentile, with the highest bills reaching up to $2,591 at the 90th percentile. The tax bill is influenced by several factors, including the assessed value of the property, local tax rates, and any applicable exemptions or reductions. For instance, homeowners in the 39452 zip code have a median tax bill of $1,045. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life in Lucedale. Lower property taxes can make homeownership more affordable but may also reflect lower funding for these services.
Average Lucedale Tax Bill
$1,045
Average Jackson County Tax Bill
$1,144
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Lucedale, Jackson County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39452 | $250 | $500 | $1,045 | $1,796 | $2,591 |
Source: Ownwell