Pike County, Mississippi Property Taxes
The median property tax rate in Pike County is 1.91%, 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 Pike County at $23,724, the typical annual property tax bill is $353, which is notably lower than the national median of $2,690. Property taxes in Pike County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions such as the primary residence and agricultural exemptions. Understanding Pike 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 Magnolia or another part of Pike County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pike County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.91%
Estimate Property Tax Bill
$453
$420
Ownwell’s Pike County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Pike County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Pike County 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 Pike County, Mississippi
Property taxes in Pike County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Pike County is 1.91%, which is higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Pike County set these rates annually, and they can vary significantly between different areas within the county. Each year, Pike 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. The following data compares Pike County's effective property tax rate with other counties in Mississippi and the national median. For comparison, the city of Ruth has one of the higher property tax rates in Mississippi at 2.02%, while the city of Fernwood boasts one of the lowest at 1.87%. Analyzing how Pike County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Pike County Tax Rate
1.91%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pike County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Fernwood | 0.10% | 0.85% | 1.87% | 1.87% | 1.87% |
| Jayess | N/A | N/A | N/A | N/A | N/A |
| Magnolia | 0.85% | 1.87% | 1.88% | 1.91% | 2.43% |
| Mccomb | 0.93% | 1.36% | 2.00% | 2.65% | 2.65% |
| Osyka | 0.85% | 1.87% | 1.88% | 1.91% | 2.39% |
| Ruth | 0.94% | 1.33% | 2.02% | 2.06% | 2.06% |
| Summit | 0.91% | 1.17% | 2.01% | 2.04% | 2.54% |
| Tylertown | 0.94% | 1.36% | 2.02% | 2.02% | 2.05% |
Source: Ownwell
Property Tax Assessment Values Across Pike County, Mississippi
In Pike 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 Pike 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 Pike 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 Pike County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Pike County, McComb has the highest median tax bill of $477, while Tylertown has the lowest at $200.
Average Pike County Assessed Value
$23,724
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pike County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Fernwood | $8,967 | $15,314 | $30,860 | $55,432 | $78,614 |
| Jayess | N/A | N/A | N/A | N/A | N/A |
| Magnolia | $1,423 | $4,750 | $15,460 | $46,353 | $88,309 |
| Mccomb | $2,674 | $8,958 | $30,931 | $63,712 | $123,121 |
| Osyka | $1,836 | $5,000 | $15,086 | $47,899 | $90,790 |
| Ruth | $1,018 | $4,457 | $14,255 | $50,230 | $103,619 |
| Summit | $1,845 | $7,213 | $27,954 | $79,632 | $164,522 |
| Tylertown | $1,292 | $5,264 | $14,832 | $51,750 | $109,437 |
Source: Ownwell
Property Tax Bills Across Pike County, Mississippi
In Pike County, MS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Local tax assessors determine this assessed value, taking into account various factors such as property size, location, and condition. Once the assessed value is established, local tax rates are applied to determine the final tax bill. For homeowners in Pike County, the property tax bill can vary significantly. The median home price is $23,724, with tax bills ranging from the 25th percentile at $110 to the 90th percentile at $1,798. The city of McComb has the highest median tax bill at $477, while Tylertown has the lowest at $200. These variations can impact homeowners differently, with lower tax bills providing some relief, but higher tax bills potentially imposing a significant financial burden. Compared to the national median property tax rate of 0.99%, Pike County's tax rates reflect the local economic conditions and property values, influencing how much homeowners pay annually.
Average Pike County Tax Bill
$353
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690