Etta, Mississippi Property Taxes
The median property tax rate in Etta, MS is 1.31%, aligning with the Mississippi state median but significantly higher than the national median of 0.99%. With the median home value in Etta at $87,481, the typical annual property tax bill reaches $1,130, which is below the national median of $2,690. Property taxes in Etta are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Etta'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 Etta 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
Etta, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$1,146
$1,063
Ownwell’s ETTA Property Tax Bill Calculator aids homeowners, real estate investors, or potential buyers in estimating their annual property taxes in ETTA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ETTA 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 Etta, Mississippi
Property taxes in Etta, Mississippi, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Etta is 1.31%, significantly higher than the U.S. national median of 0.99%. Local government entities within Etta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Etta 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 Etta's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 38627 zip code has both the highest and lowest median property tax rate of 1.31%. Understanding how these cities compare with Etta provides valuable insights into the varying tax landscape across Pontotoc County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Etta Tax Rate
1.31%
Average Pontotoc County Tax Rate
1.32%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Etta, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38627 | 1.28% | 1.29% | 1.31% | 1.36% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Etta, Mississippi
In ETTA, 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 Pontotoc 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 ETTA, 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. The highest median tax bill in ETTA is $1130 in zip code 38627, while the lowest median tax bill is also $1130 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Etta Assessed Value
$87,481
Average Pontotoc County Assessed Value
$62,532
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Etta, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38627 | $29,579 | $46,422 | $87,481 | $97,884 | $136,384 |
Source: Ownwell
Property Tax Bills Across Etta, Mississippi
In ETTA, located in Pontotoc County, MS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in ETTA is $87,481. Homeowners can expect their tax bills to vary significantly, reflecting the differences in assessed property values and applicable tax rates. For instance, the tax bill at the 25th percentile stands at $602, while at the 75th percentile, it rises to $1,336. Those in the 90th percentile face tax bills as high as $1,825. Several factors influence these tax bills, including the property's assessed value, local tax rates, and any applicable exemptions. The highest median tax bill in the area is $1,130, found in the zip code 38627, which also has the lowest median tax bill at the same amount. Compared to the national median property tax rate of 0.99%, ETTA's property taxes can be relatively manageable, but they still represent a significant expense for homeowners. Understanding these factors can help residents better anticipate their financial obligations.
Average Etta Tax Bill
$1,130
Average Pontotoc County Tax Bill
$913
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Etta, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38627 | $426 | $602 | $1,130 | $1,336 | $1,825 |
Source: Ownwell