Hattiesburg, Mississippi Property Taxes
The median property tax rate in Hattiesburg, MS, is 1.26%, slightly higher than the national median of 0.99% but below the Mississippi state median of 1.31%. With a median home value of $172,945 in Hattiesburg, the typical annual property tax bill is around $2,387, which is lower than the national median of $2,690. Property taxes in Hattiesburg are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Hattiesburg'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 Hattiesburg or another part of Lamar County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hattiesburg, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$2,179
Ownwell’s Hattiesburg Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Hattiesburg with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Hattiesburg to provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-specific trends, more localized information is available below. Your property's assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Hattiesburg, Mississippi
Property taxes in Hattiesburg, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hattiesburg is 1.26%, significantly higher than the U.S. national median of 0.99%. Local government entities within Hattiesburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hattiesburg 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 Hattiesburg's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39401 zip code has the highest median property tax rate of 2.58%, while the 39402 zip code has the lowest median tax rate of 1.26%. Understanding how these cities compare with Hattiesburg provides valuable insights into the varying tax landscape across Lamar County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hattiesburg Tax Rate
1.26%
Average Lamar County Tax Rate
1.26%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hattiesburg, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39401 | 1.62% | 1.72% | 2.58% | 2.58% | 2.58% |
| 39402 | 1.26% | 1.26% | 1.26% | 1.71% | 1.89% |
Source: Ownwell
Property Tax Assessment Values Across Hattiesburg, Mississippi
In Hattiesburg, 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 Lamar 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. Hattiesburg's median home price is $172,945, with the 25th percentile tax bill at $1,668 and the 75th percentile tax bill at $3,422. The 90th percentile tax bill reaches up to $5,087. The highest median tax bill is $2,391 in the 39402 zip code, while the lowest is $845 in the 39401 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Hattiesburg, Mississippi
Source: Ownwell
$36,910
$105,110
$173,310
Average Hattiesburg Assessed Value
$172,945
Average Lamar County Assessed Value
$134,620
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hattiesburg, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39401 | $12,020 | $12,020 | $36,910 | $62,870 | $115,008 |
| 39402 | $83,378 | $119,960 | $173,310 | $251,145 | $376,808 |
Source: Ownwell
Property Tax Bills Across Hattiesburg, Mississippi
In Hattiesburg, located in Lamar County, MS, property tax bills are determined based on the assessed value of the property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Factors influencing the tax bill include the property's location, size, and any applicable exemptions or deductions. For example, homeowners in the 39402 zip code face the highest median tax bill at $2,391, while those in the 39401 zip code experience the lowest median tax bill at $845. The median home price in Hattiesburg is $172,945, with tax bills ranging widely. The 25th percentile tax bill is $1,668, the 75th percentile is $3,422, and the 90th percentile reaches $5,087. These variations significantly affect homeowners, as higher property taxes can impact affordability and overall living costs. Understanding these factors helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Hattiesburg Tax Bill
$2,387
Average Lamar County Tax Bill
$1,887
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Hattiesburg, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39401 | $310 | $310 | $845 | $1,267 | $1,981 |
| 39402 | $1,133 | $1,671 | $2,391 | $3,427 | $5,089 |
Source: Ownwell