De Kalb, Mississippi Property Taxes
The median property tax rate in De Kalb, MS is 0.94%, slightly lower than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in De Kalb at $51,468, the typical annual property tax bill is $387, significantly below the national median of $2,690. Property taxes in De Kalb are based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding De Kalb'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 De Kalb 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
De Kalb, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$484
$449
Ownwell’s DE KALB Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in DE KALB with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DE KALB to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities and make informed financial decisions. 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 Kemper County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across De Kalb, Mississippi
Property taxes in De Kalb, Mississippi, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in De Kalb is 0.94%, comparable to the Mississippi state median and slightly below the U.S. national median of 0.99%. Local government entities within De Kalb set these rates annually, and they can vary significantly across different neighborhoods. Each year, De Kalb 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 De Kalb's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39328 zip code has the highest median property tax rate of 0.94%, while the same zip code also has the lowest median tax rate of 0.94%. Understanding how these cities compare with De Kalb provides valuable insights into the varying tax landscape across Kemper County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average De Kalb Tax Rate
0.94%
Average Kemper County Tax Rate
1.45%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across De Kalb, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39328 | 0.42% | 0.60% | 0.94% | 1.51% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across De Kalb, Mississippi
In De Kalb, 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 Kemper 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 De Kalb, 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. The median home price in De Kalb is $51,468, with the tax bill ranging from $213 at the 25th percentile to $1,122 at the 90th percentile. The zip code 39328 has the highest median tax bill at $387. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average De Kalb Assessed Value
$51,468
Average Kemper County Assessed Value
$50,005
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across De Kalb, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39328 | $9,766 | $26,238 | $51,468 | $73,446 | $116,394 |
Source: Ownwell
Property Tax Bills Across De Kalb, Mississippi
In De Kalb, Mississippi, property tax bills are determined by assessing the property's value and applying the local tax rate. The assessed value is typically a percentage of the market value of the home. In Kemper County, where De Kalb is located, the median home price is $51,468. Property taxes are calculated by multiplying the assessed value by the local tax rate. Several factors influence the tax bill, including property location, home size, and any applicable exemptions. Homeowners in De Kalb can expect tax bills that vary significantly. For instance, the tax bill at the 25th percentile is $213, while at the 75th percentile, it rises to $727. The top 10% of tax bills can reach as high as $1,122. The highest and lowest median tax bills in the area are both $387, found in the 39328 zip code. These property taxes impact homeowners by contributing to local services and infrastructure, but they also represent a significant annual expense that varies depending on property value and local tax rates.
Average De Kalb Tax Bill
$387
Average Kemper County Tax Bill
$395
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across De Kalb, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39328 | $88 | $213 | $387 | $727 | $1,122 |
Source: Ownwell