French Camp, Montgomery County, Mississippi Property Taxes
The median property tax rate in French Camp, MS is 1.12%, slightly higher than the national median of 0.99% but below the Mississippi state median of 1.31%. With a median home value of $56,965, the typical annual property tax bill in French Camp is $646, which is significantly lower than the national median of $2,690. Property taxes in French Camp are calculated based on the tax assessed value, which often falls below the market value due to exemptions like primary residence and agricultural exemptions. Understanding French Camp'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 French Camp 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
French Camp, Montgomery County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$638
$592
Ownwell’s French Camp Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in French Camp with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in French Camp 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 French Camp, Montgomery County, Mississippi
Property taxes in French Camp, Mississippi, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in French Camp is 0.64%, which is significantly lower than both the Mississippi state median of 0.81% and the U.S. national median of 0.99%. Local government entities within French Camp set these rates annually, and they can vary significantly across different neighborhoods. Each year, French Camp 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 French Camp's effective property tax rate to other counties in Mississippi and the national median. For comparison, the highest median property tax rate within the county is 0.81%, while the lowest median tax rate is 0.64%. Understanding how these areas compare with French Camp provides valuable insights into the varying tax landscape across Montgomery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average French Camp Tax Rate
1.12%
Average Montgomery County Tax Rate
1.47%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across French Camp, Montgomery County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39745 | 0.53% | 0.90% | 1.12% | 1.84% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across French Camp, Montgomery County, Mississippi
In French Camp, 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 French Camp, 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 French Camp is $56,965, with tax bills ranging from $330 at the 25th percentile to $2,255 at the 90th percentile. The highest median tax bill is $646 in the 39745 zip code, which also holds the lowest median tax bill. By understanding these valuation processes, 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 French Camp, Montgomery County, Mississippi
Source: Ownwell
$44,375
$57,414
$70,452
Average French Camp Assessed Value
$56,965
Average Montgomery County Assessed Value
$52,966
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across French Camp, Montgomery County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39745 | $17,307 | $25,117 | $56,965 | $121,096 | $179,408 |
Source: Ownwell
Property Tax Bills Across French Camp, Montgomery County, Mississippi
In French Camp, MS, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is typically a percentage of the market value of the property. The tax rate, also known as the millage rate, is then applied to the assessed value to determine the annual property tax bill. For homeowners in French Camp, the property tax burden can vary significantly. For instance, the 25th percentile tax bill is around $330, while the 75th percentile tax bill is $1,429, and the 90th percentile reaches up to $2,255. These figures highlight the range of property tax bills that homeowners might encounter. Compared to the national median property tax rate of 0.99%, the property tax rates in French Camp can have a substantial impact on homeowners' finances, especially when considering the local median home price of $56,965. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their budgets accordingly.
Average French Camp Tax Bill
$646
Average Montgomery County Tax Bill
$779
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across French Camp, Montgomery County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39745 | $176 | $330 | $646 | $1,429 | $2,255 |
Source: Ownwell