Harperville, Mississippi Property Taxes
The median property tax rate in Harperville, MS is 0.71%, which is significantly lower than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Harperville, the typical annual property tax bill reaches $1,789, well below the national median of $2,690. Property taxes in Harperville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Harperville'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 Harperville 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
Harperville, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$931
$864
Ownwell’s Harperville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harperville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harperville 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 Harperville, Mississippi
Property taxes in Harperville, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harperville is 0.71%, lower than both the Mississippi state median of 0.81% and the U.S. national median of 0.99%. Local government entities within Harperville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harperville 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 Harperville's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39080 zip code has both the highest and lowest median property tax rate of 0.71%, making it consistent across the area. Understanding how these cities compare with Harperville 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 Harperville Tax Rate
0.71%
Average Scott County Tax Rate
1.02%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harperville, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39080 | 0.71% | 0.71% | 0.71% | 0.71% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Harperville, Mississippi
In Harperville, 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 Harperville, 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 Harperville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Harperville's 39080 zip code has the highest and lowest median tax bill at $1789, which is significantly higher than the national median property tax rate of 0.99%.
Average Harperville Assessed Value
$131,060
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 Harperville, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39080 | $34,412 | $70,655 | $131,060 | $191,465 | $227,708 |
Source: Ownwell
Property Tax Bills Across Harperville, Mississippi
In Harperville, property tax bills are calculated based on the assessed value of a home, which is determined by the Scott County tax assessor. The assessed value is a percentage of the market value of the property, and this value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $131,060, homeowners in Harperville can expect a tax bill around $1,789, which is consistent across various percentiles in the area. Factors that influence the tax bill include the market value of the home, any applicable exemptions, and the local tax rate. This tax rate is set by local government and can vary year to year based on budgetary needs. For homeowners, these property taxes fund essential public services such as schools, roads, and emergency services. Comparing this to the national median property tax rate of 0.99%, Harperville's tax rate provides a benchmark for understanding local property tax obligations and their impact on household budgets.
Average Harperville Tax Bill
$1,789
Average Scott County Tax Bill
$504
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Harperville, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39080 | $1,789 | $1,789 | $1,789 | $1,789 | $1,789 |
Source: Ownwell