Starkville, Lowndes County, Mississippi Property Taxes
The median property tax rate in Starkville, MS, is 0.70%, considerably lower than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Starkville, the typical annual property tax bill reaches $390, significantly less than the national median of $2,690. Property taxes in Starkville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Starkville'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 Starkville 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
Starkville, Lowndes County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$413
$383
Ownwell’s Starkville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Starkville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Starkville 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 Starkville, Lowndes County, Mississippi
Property taxes in Starkville, Mississippi, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Starkville is 0.70%, slightly lower than the U.S. national median of 0.99%. Local government entities within Starkville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Starkville 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 Starkville's effective property tax rate to other counties in Mississippi and the national median. For comparison, the zip code 39759 has both the highest and lowest median property tax rate of 0.70%. Understanding how these cities compare with Starkville provides valuable insights into the varying tax landscape across Lowndes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Starkville Tax Rate
0.70%
Average Lowndes County Tax Rate
1.23%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Starkville, Lowndes County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39759 | 0.44% | 0.54% | 0.70% | 1.42% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Starkville, Lowndes County, Mississippi
In Starkville, 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 local 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 Starkville, 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 Starkville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 39759, with a value of $390.
Property Tax Assessment Values Across Starkville, Lowndes County, Mississippi
Source: Ownwell
$3,570
$52,810
$102,050
Average Starkville Assessed Value
$58,930
Average Lowndes County Assessed Value
$63,980
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Starkville, Lowndes County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39759 | $15,390 | $22,040 | $58,930 | $114,170 | $162,082 |
Source: Ownwell
Property Tax Bills Across Starkville, Lowndes County, Mississippi
In Starkville, property tax bills are calculated based on the property's assessed value, which is typically a percentage of the market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $58,930, homeowners can expect their tax bills to vary significantly depending on their property's assessed value and the applicable tax rate. Several factors influence the final tax bill, including the property's location within Starkville and any applicable exemptions. For instance, the 25th percentile tax bill stands at $214, while the 75th percentile tax bill is $807, and the 90th percentile tax bill reaches $1,214, indicating a wide range of potential tax obligations for homeowners. These tax bills have a substantial impact on homeowners, affecting their annual budgeting and long-term financial planning. Compared to the national median property tax rate of 0.99%, Starkville's rates offer a unique perspective on property taxation, providing both opportunities and challenges for residents.
Average Starkville Tax Bill
$390
Average Lowndes County Tax Bill
$692
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Starkville, Lowndes County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39759 | $143 | $214 | $390 | $807 | $1,214 |
Source: Ownwell