Conehatta, Mississippi Property Taxes
The median property tax rate in Conehatta, MS is 1.05%, which is slightly higher than the national median of 0.99% but lower than Mississippi's state median of 1.31%. With the median home value in Conehatta at $74,100, the typical annual property tax bill amounts to $900, falling well below the national median of $2,690. Property taxes in Conehatta are calculated based on the tax assessed value, which often remains below the market value due to various exemptions, such as those for primary residences and agricultural land. Understanding Conehatta'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 Conehatta or another part of Scott County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Conehatta, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$778
Ownwell’s Conehatta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Conehatta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Conehatta 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 Conehatta, Mississippi
Property taxes in Conehatta, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Conehatta is 0.52%, significantly lower than both the Mississippi state median of 0.65% and the U.S. national median of 0.99%. Local government entities within Conehatta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Conehatta 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 Conehatta's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39057 zip code has the highest median property tax rate of 0.52%, while the 39057 zip code also has the lowest median tax rate of 0.52%. Understanding how these cities compare with Conehatta provides valuable insights into the varying tax landscape across Scott County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Conehatta Tax Rate
1.05%
Average Scott County Tax Rate
1.02%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Conehatta, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39057 | 0.56% | 0.78% | 1.05% | 1.78% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Conehatta, Mississippi
In Conehatta, 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 Scott 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 Conehatta, 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 Conehatta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price stands at $74,100, with tax bills ranging from $500 at the 25th percentile to $2,563 at the 90th percentile. The highest and lowest median tax bills are both $900, found in zip code 39057.
Average Conehatta Assessed Value
$74,100
Average Scott County Assessed Value
$53,585
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Conehatta, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39057 | $25,628 | $43,740 | $74,100 | $146,525 | $186,938 |
Source: Ownwell
Property Tax Bills Across Conehatta, Mississippi
In Conehatta, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. The median home price in Conehatta is $74,100. Property taxes are then determined by applying the local tax rate to this assessed value. Factors influencing your tax bill include the market value of your property, any applicable exemptions, and the specific tax rate set by local authorities. For homeowners, the financial impact can vary significantly. For example, tax bills in Conehatta range from the 25th percentile at $500 to the 75th percentile at $1,657, with those in the 90th percentile reaching up to $2,563. This range highlights the variability in property tax burdens, influenced by property values and local tax rates. Comparatively, the national median property tax rate is 0.99%, providing a benchmark for understanding local tax obligations. Understanding these factors can help homeowners better anticipate their annual property tax expenses and plan accordingly.
Average Conehatta Tax Bill
$900
Average Scott County Tax Bill
$504
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Conehatta, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39057 | $267 | $500 | $900 | $1,657 | $2,563 |
Source: Ownwell