Picayune, Pearl River County, Mississippi Property Taxes
The median property tax rate in Picayune, Mississippi is 1.79%, considerably higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Picayune, the typical annual property tax bill reaches $754, which is below the national median of $2,690. Property taxes in Picayune are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Picayune'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 Picayune 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
Picayune, Pearl River County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.79%
Estimate Property Tax Bill
$954
$885
Ownwell’s Picayune Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Picayune with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Picayune 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 Picayune, Pearl River County, Mississippi
Property taxes in Picayune, Mississippi, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Picayune is 1.79%, significantly higher than the U.S. national median of 0.99%. Local government entities within Picayune set these rates annually, and they can vary significantly across different neighborhoods. Each year, Picayune 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 Picayune's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39466 zip code has the highest median property tax rate of 1.79%, while the 39466 zip code also has the lowest median tax rate of 1.79%. Understanding how these cities compare with Picayune provides valuable insights into the varying tax landscape across Pearl River County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Picayune Tax Rate
1.79%
Average Pearl River County Tax Rate
1.68%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Picayune, Pearl River County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39466 | 0.65% | 1.00% | 1.79% | 2.49% | 2.49% |
Source: Ownwell
Property Tax Assessment Values Across Picayune, Pearl River County, Mississippi
In Picayune, 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 Pearl River 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 Picayune, 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. Picayune's median home price is $53,300, with tax bills ranging from the 25th percentile at $262 to the 90th percentile at $2,242. The highest and lowest median tax bills in the city are both $754, in the 39466 zip code. 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 Picayune helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Picayune, Pearl River County, Mississippi
Source: Ownwell
$49,530
$56,295
$63,060
Average Picayune Assessed Value
$53,300
Average Pearl River County Assessed Value
$56,860
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Picayune, Pearl River County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39466 | $3,700 | $18,052 | $53,300 | $105,620 | $158,858 |
Source: Ownwell
Property Tax Bills Across Picayune, Pearl River County, Mississippi
In Picayune, located in Pearl River County, MS, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is a percentage of the property's market value and serves as the basis for the tax bill. Factors such as property size, location, and market trends influence this assessment. Homeowners in Picayune can expect varying tax bills depending on these factors. For instance, the 25th percentile tax bill is around $262, while the 75th percentile reaches approximately $1,404. The 90th percentile tax bill can go up to $2,242, indicating significant variation based on property characteristics and assessed values. Compared to the national median property tax rate of 0.99%, Picayune's tax rates reflect local economic conditions and municipal budget needs. For homeowners, understanding these factors is crucial as they directly impact annual expenses. Accurate assessment ensures fair taxation, but discrepancies can lead to appeals and adjustments.
Average Picayune Tax Bill
$754
Average Pearl River County Tax Bill
$690
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Picayune, Pearl River County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39466 | $66 | $262 | $754 | $1,404 | $2,242 |
Source: Ownwell