Columbus, Mississippi Property Taxes
The median property tax rate in Columbus, MS is 2.22%, significantly higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With a median home value of $36,910 in Columbus, the typical annual property tax bill amounts to $818, which is lower than the national median of $2,690. Property taxes in Columbus are determined based on the tax assessed value, generally lower than the market value due to various exemptions like primary residence and agricultural exemptions. Navigating Columbus's property tax system, discovering available exemptions, and finding opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Columbus or another area within the city, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Columbus, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.22%
Estimate Property Tax Bill
$819
Ownwell’s Columbus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Columbus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Columbus 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 Columbus, Mississippi
Property taxes in Columbus, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Columbus is 2.22%, significantly higher than the U.S. national median of 0.99%. Local government entities within Columbus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Columbus 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. Understanding how Columbus compares with other areas provides valuable insights into the varying tax landscape across Noxubee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Columbus Tax Rate
2.22%
Average Noxubee County Tax Rate
2.21%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Columbus, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39701 | 2.22% | 2.22% | 2.22% | 2.22% | 2.22% |
Source: Ownwell
Property Tax Assessment Values Across Columbus, Mississippi
In Columbus, 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 Noxubee 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 Columbus, 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 Columbus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $818.00, found in the 39701 zip code.
Average Columbus Assessed Value
$36,910
Average Noxubee County Assessed Value
$44,865
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Columbus, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39701 | $36,910 | $36,910 | $36,910 | $36,910 | $36,910 |
Source: Ownwell
Property Tax Bills Across Columbus, Mississippi
In Columbus, property tax bills are calculated based on the assessed value of your home, which is determined by local tax assessors. The assessed value is a percentage of the market value, and in Columbus, the median home price is $36,910. Once the assessed value is determined, the property tax rate is applied to calculate the tax bill. In Noxubee County, the median property tax bill is consistent at $818, regardless of the specific zip code within the area. This uniformity simplifies the process for homeowners but can be a significant expense, especially when compared to the national median property tax rate of 0.99%. Factors such as property improvements, neighborhood changes, and local government budgets can influence the assessed value and, consequently, the tax bill. For homeowners, understanding these elements is crucial as property taxes are a recurring cost that affects overall homeownership affordability. Properly managing and anticipating these expenses can make a significant difference in long-term financial planning.
Average Columbus Tax Bill
$818
Average Noxubee County Tax Bill
$845
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Columbus, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39701 | $818 | $818 | $818 | $818 | $818 |
Source: Ownwell