Enterprise, Lauderdale County, Mississippi Property Taxes
The median property tax rate in Enterprise, MS is 1.19%, which is higher than the national median of 0.99% but lower than the Mississippi state median of 1.31%. With a median home value of $52,780 in Enterprise, the typical annual property tax bill is $466, significantly below the national median of $2,690. Property taxes in Enterprise are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Enterprise'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 Enterprise or another part of Lauderdale County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Enterprise, Lauderdale County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$628
$583
Ownwell’s Enterprise Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Enterprise with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Enterprise 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 Enterprise, Lauderdale County, Mississippi
Property taxes in Enterprise, Mississippi, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Enterprise is 1.19%, significantly higher than the U.S. national median of 0.99%. Local government entities within Enterprise set these rates annually, and they can vary across different neighborhoods. Each year, Enterprise 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 Enterprise's effective property tax rate to other areas in Mississippi and the national median. For comparison, the 39330 zip code has both the highest and lowest median property tax rate of 1.19%. Understanding how these cities compare with Enterprise provides valuable insights into the varying tax landscape across Lauderdale County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Enterprise Tax Rate
1.19%
Average Lauderdale County Tax Rate
1.54%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Enterprise, Lauderdale County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39330 | 0.51% | 0.78% | 1.19% | 1.78% | 1.84% |
Source: Ownwell
Property Tax Assessment Values Across Enterprise, Lauderdale County, Mississippi
In Enterprise, 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 Lauderdale 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 Enterprise, 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 Enterprise helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 39330, with a bill of $466. The same zip code also has the lowest median tax bill, reflecting the area's consistent property tax landscape.
Property Tax Assessment Values Across Enterprise, Lauderdale County, Mississippi
Source: Ownwell
$36,385
$78,658
$120,930
Average Enterprise Assessed Value
$52,780
Average Lauderdale County Assessed Value
$61,125
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Enterprise, Lauderdale County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39330 | $6,679 | $20,635 | $52,780 | $83,640 | $135,496 |
Source: Ownwell
Property Tax Bills Across Enterprise, Lauderdale County, Mississippi
In Enterprise, located in Lauderdale County, MS, property tax bills are calculated based on the assessed value of a home. This assessed value is a percentage of the property's market value, which is determined by local tax assessors. Homeowners in Enterprise face property tax rates that vary depending on the assessed value of their homes. For instance, the median home price in Enterprise is $52,780. The tax bills here can range significantly, with the 25th percentile at $202 and the 75th percentile reaching $936. At the 90th percentile, tax bills can go as high as $1,371. Compared to the national median property tax rate of 0.99%, Enterprise homeowners often experience lower tax rates. These tax bills can impact homeowners significantly, influencing their overall housing costs and financial planning. Understanding these factors is crucial for homeowners to manage their budgets effectively and anticipate their annual property tax obligations.
Average Enterprise Tax Bill
$466
Average Lauderdale County Tax Bill
$844
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Enterprise, Lauderdale County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39330 | $84 | $202 | $466 | $936 | $1,371 |
Source: Ownwell