Lawrence County, Mississippi Property Taxes
The median property tax rate in Lawrence County is 1.23%, 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 $54,030 in Lawrence County, the typical annual property tax bill is around $556, significantly below the national median of $2,690. Property taxes in Lawrence County are calculated based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Lawrence County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Monticello or another part of Lawrence County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lawrence County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$665
$617
Ownwell’s Lawrence Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Lawrence with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Lawrence to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Lawrence County, Mississippi
Property taxes in Lawrence County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Lawrence County is 1.23%, which is higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Lawrence County set these rates annually, and they can vary significantly between different areas within the county. Each year, Lawrence County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Wesson has one of the higher property tax rates in Mississippi at 1.85%, while the city of Brookhaven boasts one of the lowest at 0.85%. Analyzing how Lawrence County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Lawrence County Tax Rate
1.23%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lawrence County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brookhaven | N/A | N/A | N/A | N/A | N/A |
| Jayess | 0.36% | 0.83% | 1.01% | 1.85% | 1.85% |
| Monticello | 0.39% | 0.83% | 1.25% | 1.85% | 2.48% |
| Newhebron | 0.48% | 0.89% | 1.29% | 1.86% | 2.22% |
| Oak Vale | 0.80% | 0.83% | 1.07% | 1.85% | 1.85% |
| Ruth | 0.35% | 0.84% | 1.04% | 1.85% | 1.86% |
| Silver Creek | 0.42% | 0.83% | 1.18% | 1.85% | 1.87% |
| Sontag | 0.65% | 0.85% | 1.85% | 1.85% | 1.86% |
| Wesson | 0.85% | 1.85% | 1.85% | 1.86% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Lawrence County, Mississippi
In Lawrence County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Lawrence County Appraisal District. The assessed value, however, 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 in Lawrence County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. The median property tax bill in Lawrence County is $652 in Newhebron, the highest in the county, while Brookhaven has the lowest at $371. Being aware of these valuation processes in Lawrence County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Lawrence County, Mississippi
Source: Ownwell
$35,490
$46,365
$57,240
Average Lawrence County Assessed Value
$54,030
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lawrence County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brookhaven | N/A | N/A | N/A | N/A | N/A |
| Jayess | $10,299 | $30,240 | $57,240 | $86,681 | $133,521 |
| Monticello | $9,741 | $30,356 | $56,951 | $86,518 | $124,352 |
| Newhebron | $13,053 | $35,179 | $55,786 | $80,764 | $118,908 |
| Oak Vale | $13,815 | $27,355 | $47,721 | $75,967 | $100,111 |
| Ruth | $5,160 | $18,244 | $53,293 | $93,840 | $136,427 |
| Silver Creek | $7,424 | $26,002 | $51,499 | $77,685 | $111,413 |
| Sontag | $4,820 | $19,164 | $40,811 | $63,194 | $100,899 |
| Wesson | $15,039 | $20,208 | $35,490 | $57,697 | $91,973 |
Source: Ownwell
Property Tax Bills Across Lawrence County, Mississippi
In Lawrence County, MS, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is typically a percentage of the market value of the home. Homeowners in this county experience a range of tax bills, with the 25th percentile at $268 and the 75th percentile at $992. For those at the higher end, the 90th percentile tax bill reaches $1,585. Several factors influence these tax bills, including the property's location and its assessed value. For instance, the city of Newhebron has the highest median tax bill at $652, while Brookhaven has the lowest at $371. These variations affect homeowners differently, impacting their annual financial planning and overall cost of homeownership. Compared to the national median property tax rate of 0.99%, Lawrence County offers relatively affordable property taxes, making it an attractive option for homeowners looking for lower tax burdens.
Average Lawrence County Tax Bill
$556
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Lawrence County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brookhaven | N/A | N/A | N/A | N/A | N/A |
| Jayess | $92 | $250 | $532 | $987 | $1,598 |
| Monticello | $93 | $290 | $598 | $1,081 | $1,718 |
| Newhebron | $109 | $364 | $652 | $1,067 | $1,624 |
| Oak Vale | $113 | $332 | $540 | $796 | $1,494 |
| Ruth | $55 | $169 | $460 | $982 | $1,740 |
| Silver Creek | $88 | $237 | $498 | $896 | $1,313 |
| Sontag | $55 | $184 | $437 | $758 | $1,130 |
| Wesson | $144 | $269 | $470 | $865 | $1,229 |
Source: Ownwell