Crawford, Mississippi Property Taxes
The median property tax rate in Crawford, MS is 2.21%, considerably higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Crawford, the typical annual property tax bill reaches $409, which is significantly lower than the national median of $2,690. Property taxes in Crawford are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Crawford'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 Crawford 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
Crawford, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.21%
Estimate Property Tax Bill
$596
$553
Ownwell’s Crawford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crawford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crawford 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 Crawford, Mississippi
Property taxes in Crawford, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crawford is 2.21%, significantly higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Crawford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crawford 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 Crawford's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39743 zip code has the highest median property tax rate of 2.21%, while the same zip code also has the lowest median tax rate of 2.21%. Understanding how these areas compare with Crawford 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 Crawford Tax Rate
2.21%
Average Noxubee County Tax Rate
2.21%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crawford, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39743 | 1.35% | 1.88% | 2.21% | 2.21% | 2.22% |
Source: Ownwell
Property Tax Assessment Values Across Crawford, Mississippi
In Crawford, 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 Crawford, 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 Crawford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 39743 has both the highest and lowest median tax bill at $409.
Average Crawford Assessed Value
$26,980
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 Crawford, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39743 | $8,320 | $17,750 | $26,980 | $58,080 | $61,230 |
Source: Ownwell
Property Tax Bills Across Crawford, Mississippi
In Crawford, located in Noxubee County, Mississippi, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local tax assessors who evaluate the property's market value and then apply an assessment ratio. Homeowners in Crawford typically see a range of tax bills, with the 25th percentile at $282 and the 75th percentile at $455. At the higher end, the 90th percentile tax bill can reach up to $959. Several factors influence these tax bills, including the property's location, size, and condition. Additionally, local tax rates set by the county and municipal governments play a crucial role. For instance, the highest median tax bill in the area is $409, found in the 39743 zip code, which also has the lowest median tax bill at the same amount. This system ensures that property taxes reflect the value and characteristics of each home, impacting homeowners by requiring them to budget for these annual expenses. Compared to the national median property tax rate of 0.99%, Crawford's rates can offer some relief to residents.
Average Crawford Tax Bill
$409
Average Noxubee County Tax Bill
$845
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Crawford, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39743 | $137 | $282 | $409 | $455 | $959 |
Source: Ownwell