Puckett, Mississippi Property Taxes
The median property tax rate in Puckett, MS is 0.76%, which is lower than both the national median of 0.99% and the Mississippi state median of 1.31%. With a median home value of $112,730 in Puckett, the typical annual property tax bill is around $862, significantly less than the national median of $2,690. Property taxes in Puckett are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. By understanding Puckett's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Puckett or another part of Rankin County, knowledge of the local property tax system is crucial for financial planning and investment.
Last Updated June 14, 2024
Puckett, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$857
$795
Ownwell’s Puckett Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Puckett with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Puckett 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 Puckett, Mississippi
Property taxes in Puckett, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Puckett is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Puckett set these rates annually, and they can vary significantly across different neighborhoods. Each year, Puckett 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 Puckett's effective property tax rate to other counties in Mississippi and the national median. For comparison, the zip code 39151 has the highest median property tax rate of 0.76%, while the same zip code also has the lowest median tax rate of 0.76%. Understanding how these cities compare with Puckett provides valuable insights into the varying tax landscape across Rankin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Puckett Tax Rate
0.76%
Average Rankin County Tax Rate
0.91%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Puckett, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39151 | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Puckett, Mississippi
In Puckett, 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 Rankin 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 Puckett, 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. For instance, the median home price in Puckett is $112,730, with median tax bills consistently at $862 across various percentiles. The zip code 39151 holds both the highest and lowest median tax bills at $862. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Puckett Assessed Value
$112,730
Average Rankin County Assessed Value
$136,735
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Puckett, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39151 | $112,730 | $112,730 | $112,730 | $112,730 | $112,730 |
Source: Ownwell
Property Tax Bills Across Puckett, Mississippi
In Puckett, Rankin County, MS, property tax bills are calculated based on the assessed value of a property, which is determined by the county's tax assessor. The assessed value is a percentage of the market value of the home. For instance, with a median home price of $112,730, the tax bill can be influenced by various factors such as property improvements, location, and market conditions. The median property tax bill in Puckett is $862, which is a flat rate across different percentiles, indicating a relatively uniform tax structure. This property tax rate is notably lower compared to the national median property tax rate of 0.99%. Homeowners in Puckett benefit from this lower tax burden, which can make homeownership more affordable and financially manageable. However, it's essential for homeowners to stay informed about potential changes in assessed values and tax rates, as these can directly impact their annual tax obligations.
Average Puckett Tax Bill
$862
Average Rankin County Tax Bill
$1,263
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Puckett, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39151 | $862 | $862 | $862 | $862 | $862 |
Source: Ownwell