Crawford, Mississippi Property Taxes
The median property tax rate in Crawford, MS is 1.02%, slightly above the national median of 0.99% but below the Mississippi state median of 1.31%. With a median home value of $54,040 in Crawford, the typical annual property tax bill amounts to $598, which is significantly lower than the national median of $2,690. Property taxes in Crawford are calculated based on the tax assessed value, which often 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 Oktibbeha County, 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
1.02%
Estimate Property Tax Bill
$551
$512
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 1.02%, which is higher than 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 1.02%, while the same zip code also has the lowest median tax rate of 1.02%. Understanding how these areas compare with Crawford provides valuable insights into the varying tax landscape across Oktibbeha County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crawford Tax Rate
1.02%
Average Oktibbeha County Tax Rate
1.40%
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 | 0.68% | 0.84% | 1.02% | 1.87% | 1.87% |
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 Oktibbeha 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. The zip code with the highest median tax bill is 39743, with a median tax bill of $598.
Average Crawford Assessed Value
$54,040
Average Oktibbeha County Assessed Value
$122,140
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 | $19,494 | $31,960 | $54,040 | $90,860 | $172,398 |
Source: Ownwell
Property Tax Bills Across Crawford, Mississippi
In Crawford, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county and represents a percentage of the property's market value. For example, with a median home price of $54,040 in Crawford, homeowners can expect their tax bills to vary significantly. The tax bill for the 25th percentile is approximately $317, while those in the 75th percentile might see bills around $1,322. At the 90th percentile, tax bills can reach up to $1,932. These figures illustrate how property taxes can vary widely depending on the assessed value and specific circumstances of the property. Compared to the national median property tax rate of 0.99%, Crawford's property tax bills reflect the local economic conditions and property values. Higher tax bills can impact homeowners by increasing their annual expenses, while lower bills might make homeownership more affordable. Understanding these factors is crucial for managing financial expectations and planning for future costs.
Average Crawford Tax Bill
$598
Average Oktibbeha County Tax Bill
$1,912
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 | $182 | $317 | $598 | $1,322 | $1,932 |
Source: Ownwell