Wiggins, Mississippi Property Taxes
The median property tax rate in Wiggins, MS is 0.93%, slightly below the national median of 0.99% and significantly lower than the Mississippi state median of 1.31%. With a median home value of $46,970 in Wiggins, the typical annual property tax bill amounts to $469, which is well below the national median of $2,690. Property taxes in Wiggins are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Wiggins' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Wiggins or another part of Perry County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wiggins, Mississippi Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$2,620
Ownwell’s Wiggins Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wiggins with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wiggins 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 Wiggins, Mississippi
Property taxes in Wiggins, Mississippi, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wiggins is 0.93%, slightly lower than the U.S. national median of 0.99%. Local government entities within Wiggins set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wiggins 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 Wiggins' effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39577 zip code has both the highest and lowest median property tax rate of 0.93%. Understanding how these cities compare with Wiggins provides valuable insights into the varying tax landscape across Perry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wiggins Tax Rate
0.93%
Average Perry County Tax Rate
1.56%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wiggins, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39577 | 0.44% | 0.67% | 0.93% | 1.56% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Wiggins, Mississippi
In Wiggins, 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 Perry 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 Wiggins, 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 Wiggins helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Wiggins, the median home price is $46,970, with the 25th percentile tax bill at $142 and the 75th percentile tax bill at $799. The highest and lowest median tax bills are both $469 in the 39577 zip code.
Average Wiggins Assessed Value
$46,970
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 Wiggins, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39577 | $3,473 | $19,832 | $46,970 | $98,040 | $152,195 |
Source: Ownwell
Property Tax Bills Across Wiggins, Mississippi
In Wiggins, MS, property tax bills are calculated based on the assessed value of the home, which is determined by the local tax assessor. This assessed value is a percentage of the market value of the property. For instance, if the median home price in Wiggins is $46,970, the tax bill can vary significantly depending on the assessed value and applicable tax rate. The tax bill in Wiggins can range widely, with the 25th percentile at $142 and the 90th percentile reaching up to $1,390. Factors such as property improvements, location, and market trends can influence the assessed value, thereby affecting the tax bill. Homeowners in the area with the highest median tax bill can expect to pay around $469 annually. Comparatively, the national median property tax rate is 0.99%, making Wiggins' property taxes relatively low. This lower tax burden can be advantageous for homeowners, potentially making Wiggins an attractive place to live due to the reduced financial obligation.
Average Wiggins Tax Bill
$469
Average Perry County Tax Bill
$338
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Wiggins, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39577 | $33 | $142 | $469 | $799 | $1,390 |
Source: Ownwell