Pattison, Jefferson County, Mississippi Property Taxes
The median property tax rate in Pattison, MS is 2.12%, considerably higher than both the national median of 0.99% and Mississippi's state median of 1.31%. With the median home value in Pattison at $35,320, the typical annual property tax bill reaches $723, which is below the national median of $2,690. Property taxes in Pattison are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pattison'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 Pattison 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
Pattison, Jefferson County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.12%
Estimate Property Tax Bill
$749
$695
Ownwell’s Pattison Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pattison with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pattison 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 Pattison, Jefferson County, Mississippi
Property taxes in Pattison, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pattison is 2.12%, significantly higher than the U.S. national median of 0.99%. Local government entities within Pattison set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pattison 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 Pattison's effective property tax rate to other counties in Mississippi and the national median. For comparison, the zip code 39144 has the highest median property tax rate of 2.12%, while the lowest median tax rate is also 2.12%. Understanding how these areas compare with Pattison provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pattison Tax Rate
2.12%
Average Jefferson County Tax Rate
2.11%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pattison, Jefferson County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39144 | 1.05% | 1.70% | 2.12% | 2.12% | 2.12% |
Source: Ownwell
Property Tax Assessment Values Across Pattison, Jefferson County, Mississippi
In Pattison, 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 Jefferson 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 Pattison, 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 Pattison helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 39144 has the highest and lowest median tax bill at $723.
Property Tax Assessment Values Across Pattison, Jefferson County, Mississippi
Source: Ownwell
$34,595
$39,290
$43,985
Average Pattison Assessed Value
$35,320
Average Jefferson County Assessed Value
$39,930
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pattison, Jefferson County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39144 | $5,849 | $10,195 | $35,320 | $62,710 | $133,240 |
Source: Ownwell
Property Tax Bills Across Pattison, Jefferson County, Mississippi
In Pattison, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The assessed value is a percentage of the market value of the property. Homeowners in Pattison, Jefferson County, experience varying tax bills depending on their property’s assessed value and the local tax rate. The national median property tax rate is 0.99%, but local rates can differ, impacting the final tax bill. For instance, the median home price in Pattison is $35,320. At the 25th percentile, homeowners might see a tax bill of around $168, while those at the 75th percentile could face a bill of approximately $1,473. At the higher end, in the 90th percentile, tax bills can reach up to $2,329. The highest and lowest median tax bills in the area are both $723, located in the zip code 39144. These variations highlight the importance of understanding local property tax assessments and rates, as they significantly affect homeowners' annual financial obligations.
Average Pattison Tax Bill
$723
Average Jefferson County Tax Bill
$560
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Pattison, Jefferson County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39144 | $97 | $168 | $723 | $1,473 | $2,329 |
Source: Ownwell