Perry County, Mississippi Property Taxes
The median property tax rate in Perry County is 1.56%, which is significantly higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Perry County, the typical annual property tax bill reaches $338, which is considerably lower than the national median of $2,690. Property taxes in Perry County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Perry County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in New Augusta or another part of Perry County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Perry County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.56%
Estimate Property Tax Bill
$621
$576
Ownwell’s Perry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Perry with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Perry to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Perry County, Mississippi
Property taxes in Perry County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Perry County is 1.56%, which is higher than the U.S. national median of 0.99%. Local government entities within Perry County set these rates annually, and they can vary significantly between different areas within the county. Each year, Perry County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Richton has one of the higher property tax rates in Mississippi at 1.56%, while the city of McLain boasts one of the lowest at 0.84%. Analyzing how Perry County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Perry County Tax Rate
1.56%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Perry County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beaumont | N/A | N/A | N/A | N/A | N/A |
| Brooklyn | 0.43% | 0.67% | 1.56% | 1.56% | 1.59% |
| Mc Lain | 0.34% | 0.67% | 0.84% | 1.56% | 1.60% |
| New Augusta | 0.64% | 0.98% | 1.56% | 2.09% | 2.09% |
| Ovett | 0.63% | 0.70% | 0.90% | 1.56% | 1.59% |
| Petal | 0.45% | 0.65% | 0.98% | 1.56% | 1.58% |
| Richton | 0.62% | 0.84% | 1.56% | 1.86% | 2.38% |
| Wiggins | 0.44% | 0.67% | 0.93% | 1.56% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Perry County, Mississippi
In Perry County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Perry County Appraisal District. The assessed value, however, 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. Assessment notices in Perry County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Perry County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Perry County, the highest median tax bill is found in Wiggins at $469, while Brooklyn has the lowest at $293.
Average Perry County Assessed Value
$39,820
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Perry County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beaumont | N/A | N/A | N/A | N/A | N/A |
| Brooklyn | $2,450 | $11,400 | $36,900 | $76,480 | $108,090 |
| Mc Lain | $2,232 | $11,722 | $56,015 | $105,042 | $157,870 |
| New Augusta | $1,620 | $8,000 | $37,565 | $71,420 | $105,275 |
| Ovett | $4,000 | $17,775 | $52,670 | $93,690 | $145,536 |
| Petal | $2,958 | $13,900 | $55,360 | $94,970 | $140,272 |
| Richton | $2,034 | $6,940 | $41,140 | $78,730 | $140,112 |
| Wiggins | $3,473 | $19,832 | $46,970 | $98,040 | $152,195 |
Source: Ownwell
Property Tax Bills Across Perry County, Mississippi
In Perry County, MS, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. Homeowners in Perry County typically see a median home price of $39,820. The tax rate applied to the assessed value determines the annual tax bill. Various factors, such as property location and local tax rates, influence the final amount. For instance, in Wiggins, homeowners face the highest median tax bill at $469, while those in Brooklyn experience the lowest at $293. The tax bill can vary significantly within the county. At the 25th percentile, homeowners might pay around $89, whereas those at the 75th percentile could see bills as high as $787. For the top 10% of property values, tax bills can reach up to $1,369. These variations impact homeowners differently, affecting their annual financial planning and overall cost of homeownership. Compared to the national median property tax rate of 0.99%, Perry County's rates offer a relatively affordable property tax environment.
Average Perry County Tax Bill
$338
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690