Sandy Hook, Marion County, Mississippi Property Taxes
The median property tax rate in Sandy Hook, MS is 2.10%, considerably higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Sandy Hook, the typical annual property tax bill reaches $622, which is below the national median of $2,690. Property taxes in Sandy Hook 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 Sandy Hook'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 Sandy Hook 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
Sandy Hook, Marion County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.1%
Estimate Property Tax Bill
$1,041
$966
Ownwell’s Sandy Hook Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sandy Hook with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Sandy Hook to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, ensuring you are well-prepared for any financial obligations. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Sandy Hook, Marion County, Mississippi
Property taxes in Sandy Hook, Mississippi, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sandy Hook is 2.10%, significantly higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Sandy Hook set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sandy Hook 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 Sandy Hook's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39478 zip code has the highest median property tax rate of 2.10%, while the same zip code also has the lowest median tax rate of 2.10%. Understanding how these cities compare with Sandy Hook provides valuable insights into the varying tax landscape across Marion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sandy Hook Tax Rate
2.10%
Average Marion County Tax Rate
2.10%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sandy Hook, Marion County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39478 | 0.70% | 1.02% | 2.10% | 2.11% | 2.12% |
Source: Ownwell
Property Tax Assessment Values Across Sandy Hook, Marion County, Mississippi
In Sandy Hook, 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 Marion 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 Sandy Hook, 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. The median home price in Sandy Hook is $49,580, with tax bills varying significantly. The 25th percentile tax bill is $195, while the 75th percentile tax bill is $1,263. The 90th percentile tax bill can reach up to $1,791. The zip code with the highest median tax bill is 39478, with a median bill of $622. 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 Sandy Hook, Marion County, Mississippi
Source: Ownwell
$37,935
$46,508
$55,080
Average Sandy Hook Assessed Value
$49,580
Average Marion County Assessed Value
$47,810
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sandy Hook, Marion County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39478 | $6,946 | $15,940 | $49,580 | $82,930 | $132,080 |
Source: Ownwell
Property Tax Bills Across Sandy Hook, Marion County, Mississippi
In Sandy Hook, MS, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. The tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence this calculation, including the property's location, market conditions, and any applicable exemptions or abatements. For homeowners in Sandy Hook, the median home price is $49,580. Property tax bills can vary significantly, with the 25th percentile bill at $195 and the 75th percentile bill at $1,263. At the 90th percentile, homeowners might see tax bills as high as $1,791. Comparatively, the national median property tax rate is 0.99%, making Sandy Hook's property taxes relatively moderate. Understanding these factors can help homeowners anticipate their annual tax obligations and budget accordingly, ensuring they are prepared for their financial responsibilities.
Average Sandy Hook Tax Bill
$622
Average Marion County Tax Bill
$627
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Sandy Hook, Marion County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39478 | $127 | $195 | $622 | $1,263 | $1,791 |
Source: Ownwell