Marietta, Mississippi Property Taxes
The median property tax rate in Marietta, MS is 1.86%, considerably higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Marietta, the typical annual property tax bill reaches $299, which is significantly lower than the national median of $2,690. Property taxes in Marietta are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Marietta'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 Marietta 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
Marietta, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.86%
Estimate Property Tax Bill
$564
Ownwell’s Marietta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marietta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marietta 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 Marietta, Mississippi
Property taxes in Marietta, Mississippi, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marietta is 1.86%, notably higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Marietta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marietta 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 Marietta's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 38856 zip code has the highest median property tax rate of 1.86%, while the same zip code also has the lowest median tax rate of 1.86%. Understanding how these cities compare with Marietta 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 Marietta Tax Rate
1.86%
Average Prentiss County Tax Rate
1.25%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marietta, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38856 | 0.82% | 0.88% | 1.86% | 1.89% | 2.03% |
Source: Ownwell
Property Tax Assessment Values Across Marietta, Mississippi
In Marietta, Mississippi, grasping the difference between "market value" and "assessed value" is key to understanding 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. Assessment notices in Marietta 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 Marietta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Prentiss County, the highest and lowest median tax bills are both $299.00, found in zip code 38856.
Average Marietta Assessed Value
$30,340
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 Marietta, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38856 | $2,518 | $7,322 | $30,340 | $66,092 | $97,125 |
Source: Ownwell
Property Tax Bills Across Marietta, Mississippi
In Marietta, property tax bills are calculated based on the assessed value of your property, not its market value. The assessed value is determined by the local tax assessor's office and is a percentage of your home's market value. This value is then multiplied by the local tax rate to determine your annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Marietta may see tax bills ranging from $115 at the 25th percentile to $1,160 at the 90th percentile, with a median home price of $30,340. Compared to the national median property tax rate of 0.99%, Marietta's tax rates can vary significantly, affecting how much homeowners ultimately pay. For instance, in the zip code 38856, the median tax bill is $299, which is notably low. Understanding these factors can help homeowners anticipate their property tax obligations and plan accordingly.
Average Marietta Tax Bill
$299
Average Prentiss County Tax Bill
$259
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Marietta, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38856 | $43 | $115 | $299 | $623 | $1,160 |
Source: Ownwell