Dennis, Mississippi Property Taxes
The median property tax rate in Dennis, MS is 1.05%, slightly higher than the national median of 0.99% but lower than the Mississippi state median of 1.31%. With a median home value of $71,640 in Dennis, the typical annual property tax bill is $274, which is significantly below the national median of $2,690. Property taxes in Dennis are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Dennis'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 Dennis 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
Dennis, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$752
$698
Ownwell’s Dennis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dennis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dennis 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 Dennis, Mississippi
Property taxes in Dennis, Mississippi, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dennis is 1.05%, higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Dennis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dennis 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 Dennis's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 38838 zip code has the highest median property tax rate of 1.05%, while the 38838 zip code also has the lowest median tax rate of 1.05%. Understanding how these areas compare with Dennis provides valuable insights into the varying tax landscape across Prentiss County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dennis Tax Rate
1.05%
Average Prentiss County Tax Rate
1.25%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dennis, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38838 | 0.26% | 0.41% | 1.05% | 1.86% | 1.89% |
Source: Ownwell
Property Tax Assessment Values Across Dennis, Mississippi
In Dennis, 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 Prentiss 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 Dennis, 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 Dennis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Dennis are both $274.00, found in the 38838 zip code.
Average Dennis Assessed Value
$71,640
Average Prentiss County Assessed Value
$31,610
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dennis, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38838 | $10,609 | $34,712 | $71,640 | $104,800 | $125,533 |
Source: Ownwell
Property Tax Bills Across Dennis, Mississippi
In Dennis, located in Prentiss 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 Dennis is $71,640. Homeowners can expect their tax bills to vary significantly, with the 25th percentile at $210 and the 75th percentile reaching $1,153. At the 90th percentile, tax bills can go up to $1,370. These figures show a wide range in tax liabilities, reflecting differences in property values and individual assessments. The property tax rate in Dennis is influenced by local budgetary needs, including funding for schools, infrastructure, and other public services. This rate is applied to the assessed value of the property to determine the annual tax bill. For homeowners, this means that higher-valued properties or those in sought-after areas may face steeper tax bills. Compared to the national median property tax rate of 0.99%, Dennis offers relatively manageable rates, making it a potentially attractive place for property investment.
Average Dennis Tax Bill
$274
Average Prentiss County Tax Bill
$259
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Dennis, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38838 | $163 | $210 | $274 | $1,153 | $1,370 |
Source: Ownwell