Sturgis, Mississippi Property Taxes
The median property tax rate in Sturgis, MS is 1.02%, slightly higher than the national median of 0.99% but lower than the Mississippi state median of 1.31%. With the median home value in Sturgis being $80,380, the typical annual property tax bill amounts to $873, which is substantially below the national median of $2,690. Property taxes in Sturgis are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Sturgis'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 Sturgis 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
Sturgis, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$820
$761
Ownwell’s Sturgis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sturgis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sturgis 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 Sturgis, Mississippi
Property taxes in Sturgis, Mississippi, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Sturgis is 1.02%, which is higher than the U.S. national median of 0.99%. Local government entities within Sturgis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sturgis 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 Sturgis's effective property tax rate to other areas in Mississippi and the national median. For comparison, the 39769 zip code has the highest median property tax rate of 1.02%, while also having the lowest median tax rate of 1.02%. Understanding how these areas compare with Sturgis 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 Sturgis 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 Sturgis, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39769 | 0.42% | 0.84% | 1.02% | 1.37% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Sturgis, Mississippi
In Sturgis, 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 Sturgis, 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 the area is $80,380, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $464, while the 75th percentile tax bill is $1,418. 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 Sturgis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sturgis Assessed Value
$80,380
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 Sturgis, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39769 | $28,452 | $50,355 | $80,380 | $126,722 | $170,667 |
Source: Ownwell
Property Tax Bills Across Sturgis, Mississippi
In Sturgis, Oktibbeha County, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Sturgis is $80,380. Property tax rates are applied to this assessed value to determine the annual tax bill. For homeowners in Sturgis, the 25th percentile tax bill stands at $464, while the 75th percentile reaches $1,418. Those in the 90th percentile can expect to pay around $2,358. These figures illustrate the range of property tax burdens within the area, highlighting how property values and corresponding tax rates can significantly impact homeowners. Comparatively, the highest and lowest median tax bills in the region are both $873, indicating a uniformity in tax assessments within the zip code 39769. Given the national median property tax rate of 0.99%, homeowners in Sturgis may find their tax rates relatively competitive, depending on their property's assessed value. Understanding these factors helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Sturgis Tax Bill
$873
Average Oktibbeha County Tax Bill
$1,912
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Sturgis, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39769 | $240 | $464 | $873 | $1,418 | $2,358 |
Source: Ownwell