De Kalb, Mississippi Property Taxes
The median property tax rate in De Kalb, MS is 1.66%, considerably higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in De Kalb, the typical annual property tax bill reaches $169, which is significantly lower than the national median of $2,690. Property taxes in De Kalb 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 De Kalb'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 De Kalb 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
De Kalb, Mississippi Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$2,620
Ownwell’s De Kalb Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in De Kalb with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in De Kalb 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 De Kalb, Mississippi
Property taxes in De Kalb, Mississippi, play a critical role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in De Kalb is 1.66%, significantly higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within De Kalb set these rates annually, and they can vary significantly across different neighborhoods. Each year, De Kalb 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 De Kalb's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39328 zip code has the highest median property tax rate of 1.66%, while the lowest median tax rate in the same zip code is also 1.66%. Understanding how these cities compare with De Kalb provides valuable insights into the varying tax landscape across Neshoba County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average De Kalb Tax Rate
1.66%
Average Neshoba County Tax Rate
1.25%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across De Kalb, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39328 | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across De Kalb, Mississippi
In De Kalb, 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 Neshoba 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 De Kalb, 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 De Kalb helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in De Kalb are both $169, specifically in the 39328 zip code.
Average De Kalb Assessed Value
$10,190
Average Neshoba County Assessed Value
$53,540
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across De Kalb, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39328 | $10,190 | $10,190 | $10,190 | $10,190 | $10,190 |
Source: Ownwell
Property Tax Bills Across De Kalb, Mississippi
In De Kalb, MS, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the local tax assessor and is typically a percentage of the market value of the home. For example, with a median home price of $10,190, the property tax bill at various percentiles—25th, 75th, and 90th—remains consistent at $169. This uniformity suggests a relatively straightforward tax assessment system within the county. The factors that influence the tax bill include the assessed value, local tax rates, and any applicable exemptions. Homeowners in De Kalb benefit from a lower property tax rate compared to the national median property tax rate of 0.99%. This can significantly reduce the annual financial burden on homeowners, making it more affordable to own property in this area. The consistency in tax bills across different percentiles indicates a stable and predictable property tax environment, which can be advantageous for long-term financial planning.
Average De Kalb Tax Bill
$169
Average Neshoba County Tax Bill
$527
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across De Kalb, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39328 | $169 | $169 | $169 | $169 | $169 |
Source: Ownwell