Pope, Panola County, Mississippi Property Taxes
The median property tax rate in Pope, MS is 1.24%, slightly higher than the national median of 0.99% but below the Mississippi state median of 1.31%. With a median home value of $33,977 in Pope, the typical annual property tax bill amounts to $467, which is significantly lower than the national median of $2,690. Property taxes in Pope are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Pope'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 Pope or another part of Panola County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pope, Panola County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$421
$391
Ownwell’s POPE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in POPE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in POPE 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 Pope, Panola County, Mississippi
Property taxes in Pope, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pope is 1.24%, significantly higher than the U.S. national median of 0.99%. Local government entities within Pope set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pope 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 Pope's effective property tax rate to other regions and the national median. For comparison, the highest and lowest median property tax rates in the area are both 1.24%, found in the 38658 zip code. Understanding how these cities compare with Pope provides valuable insights into the varying tax landscape across Panola County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pope Tax Rate
1.24%
Average Panola County Tax Rate
1.34%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pope, Panola County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38658 | 0.85% | 0.93% | 1.24% | 1.99% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Pope, Panola County, Mississippi
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Pope, Mississippi. 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 Panola 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 Pope, 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 Pope helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $467 in the 38658 zip code, which is also the lowest median tax bill, highlighting a relatively uniform tax landscape within the community.
Property Tax Assessment Values Across Pope, Panola County, Mississippi
Source: Ownwell
$22,256
$37,947
$53,638
Average Pope Assessed Value
$33,977
Average Panola County Assessed Value
$42,358
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pope, Panola County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38658 | $10,925 | $16,669 | $33,977 | $82,030 | $137,815 |
Source: Ownwell
Property Tax Bills Across Pope, Panola County, Mississippi
In Pope, located in Panola County, MS, property tax bills are calculated based on the assessed value of a home. The tax rate applied to this value is a crucial factor in determining the final tax bill. In Pope, the median home price is $33,977, which is relatively low compared to the national median. Homeowners in Pope can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $248, while the 75th percentile tax bill can reach up to $1,097. At the 90th percentile, some homeowners may see bills as high as $1,859. The highest and lowest median tax bills in the area both stand at $467, indicating some consistency within certain zones. These property taxes are used to fund local services like schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Pope Tax Bill
$467
Average Panola County Tax Bill
$671
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Pope, Panola County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38658 | $158 | $248 | $467 | $1,097 | $1,859 |
Source: Ownwell