Mccomb, Mississippi Property Taxes
The median property tax rate in McComb, MS is 2.00%, significantly higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in McComb, the typical annual property tax bill amounts to $477, which is below the national median of $2,690. Property taxes in McComb are determined based on the tax assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Gaining a thorough understanding of McComb's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of McComb or elsewhere in the city, being knowledgeable about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mccomb, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2%
Estimate Property Tax Bill
$619
$574
Ownwell’s McComb Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in McComb with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in McComb 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 Mccomb, Mississippi
Property taxes in McComb, Mississippi, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in McComb is 0.81%, lower than both the Mississippi state median of 0.81% and the U.S. national median of 0.99%. Local government entities within McComb set these rates annually, and they can vary significantly across different neighborhoods. Each year, McComb 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 McComb's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39648 zip code has the highest median property tax rate of 0.81%, while the same 39648 zip code also has the lowest median tax rate of 0.81%. Understanding how these cities compare with McComb provides valuable insights into the varying tax landscape across Pike County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mccomb Tax Rate
2.00%
Average Pike County Tax Rate
1.91%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mccomb, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39648 | 0.93% | 1.36% | 2.00% | 2.65% | 2.65% |
Source: Ownwell
Property Tax Assessment Values Across Mccomb, Mississippi
In McComb, 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 Pike 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 McComb, 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 McComb helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in McComb is $477 in the 39648 zip code, while the lowest median tax bill is also $477 in the same zip code.
Average Mccomb Assessed Value
$30,931
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 Mccomb, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39648 | $2,674 | $8,958 | $30,931 | $63,712 | $123,121 |
Source: Ownwell
Property Tax Bills Across Mccomb, Mississippi
In McComb, property tax bills are calculated based on the assessed value of your home. The assessed value is a percentage of the market value, which is determined by local tax assessors. Factors such as property size, location, and improvements can influence this assessed value. For instance, the median home price in McComb is $30,931. The property tax rate in Pike County is applied to this assessed value to determine your tax bill. Homeowners in McComb can expect a wide range of tax bills. At the 25th percentile, tax bills are around $149, while those at the 75th percentile reach up to $1,084. For the top 10% of property values, tax bills can be as high as $1,944. The highest median tax bill in the area is $477, which is significantly lower than the national median property tax rate of 0.99%. These tax bills impact homeowners by affecting their overall housing costs, making it essential to understand how local assessments and rates apply.
Average Mccomb Tax Bill
$477
Average Pike County Tax Bill
$353
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Mccomb, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39648 | $47 | $149 | $477 | $1,084 | $1,944 |
Source: Ownwell