Moss Point, Mississippi Property Taxes
The median property tax rate in Moss Point, MS is 1.25%, which is higher than the national median of 0.99% but slightly lower than the Mississippi state median of 1.31%. With a median home value of $60,844 in Moss Point, the typical annual property tax bill amounts to $834, which is significantly below the national median of $2,690. Property taxes in Moss Point are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Moss Point'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 Moss Point or another part of the city, grasping 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
1.25%
Estimate Property Tax Bill
$761
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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moss Point is 1.25%, higher than both the Mississippi state median and 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 counties in Mississippi and the national median. For comparison, the 39563 zip code has the highest median property tax rate of 2.48%, while the 39562 zip code has the lowest median tax rate of 0.98%. Understanding how these cities compare with Moss Point 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 Moss Point Tax Rate
1.25%
Average Jackson County Tax Rate
1.16%
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 | 0.29% | 0.78% | 0.98% | 1.79% | 1.81% |
| 39563 | 0.59% | 1.25% | 2.48% | 2.48% | 2.48% |
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 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. 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. For instance, the highest median tax bill in Moss Point is $838 in the 39563 zip code, while the lowest is $829 in the 39562 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Moss Point Assessed Value
$60,844
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 Moss Point, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39562 | $23,670 | $48,894 | $85,799 | $133,998 | $188,627 |
| 39563 | $24,288 | $33,226 | $45,133 | $69,994 | $109,898 |
Source: Ownwell
Property Tax Bills Across Moss Point, Mississippi
In Moss Point, located in Jackson 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 Moss Point is $60,844. Property tax rates in this area are influenced by various factors, including local government budgets and the specific needs of public services. Homeowners in Moss Point can expect a wide range of tax bills. For instance, the tax bill at the 25th percentile is $457, while at the 75th percentile, it rises to $1,351, and at the 90th percentile, it reaches $2,057. The highest median tax bill in the area is $838 in the 39563 zip code, slightly higher than the lowest median tax bill of $829 in the 39562 zip code. Compared to the national median property tax rate of 0.99%, Moss Point homeowners benefit from relatively lower property tax rates, which can make homeownership more affordable in this region.
Average Moss Point Tax Bill
$834
Average Jackson County Tax Bill
$1,144
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 | $175 | $393 | $829 | $1,445 | $2,181 |
| 39563 | $311 | $544 | $838 | $1,227 | $1,866 |
Source: Ownwell