Jayess, Mississippi Property Taxes
The median property tax rate in Jayess, MS is 1.01%, slightly above the national median of 0.99% but lower than the Mississippi state median of 1.31%. With a median home value of $57,240, the typical annual property tax bill in Jayess amounts to $532, which is significantly less than the national median of $2,690. Property taxes in Jayess are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural land. By understanding Jayess's property tax system and exploring available exemptions, homeowners and real estate investors can uncover opportunities for substantial savings. Whether you're living in Jayess or investing in its real estate, gaining insight into the local property tax structure is crucial for financial planning and maximizing returns.
Last Updated June 14, 2024
Jayess, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$578
$536
Ownwell’s Jayess Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jayess with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jayess 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 Jayess, Mississippi
Property taxes in Jayess, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jayess is 0.81%, which is lower than both the Mississippi state median of 0.81% and the U.S. national median of 0.99%. Local government entities within Jayess set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jayess 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 Jayess's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39641 zip code has both the highest and lowest median property tax rate of 0.81%. Understanding how these cities compare with Jayess provides valuable insights into the varying tax landscape across Lawrence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jayess Tax Rate
1.01%
Average Lawrence County Tax Rate
1.23%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jayess, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39641 | 0.36% | 0.83% | 1.01% | 1.85% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Jayess, Mississippi
In Jayess, 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 Lawrence 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 Jayess, 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 Jayess helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 39641 has the highest and lowest median tax bill at $532.
Average Jayess Assessed Value
$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 Jayess, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39641 | $10,299 | $30,240 | $57,240 | $86,681 | $133,521 |
Source: Ownwell
Property Tax Bills Across Jayess, Mississippi
In Jayess, located in Lawrence County, MS, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically a percentage of the market value of the property. Homeowners in Jayess can expect their property tax bill to fall within a range, with the 25th percentile at $250 and the 75th percentile reaching up to $987. For those in the 90th percentile, tax bills can climb to $1,598. These tax bills are influenced by various factors, including the property's market value, local tax rates, and applicable exemptions. The median home price in Jayess is $57,240, and the local property tax rate plays a significant role in determining the final bill. Compared to the national median property tax rate of 0.99%, Lawrence County's rates may offer some relief to homeowners. Understanding these factors can help homeowners anticipate their annual property tax expenses and manage their finances more effectively.
Average Jayess Tax Bill
$532
Average Lawrence County Tax Bill
$556
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Jayess, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39641 | $92 | $250 | $532 | $987 | $1,598 |
Source: Ownwell