Mendenhall, Simpson County, Mississippi Property Taxes
The median property tax rate in Mendenhall, MS is 1.00%, 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 $52,935 in Mendenhall, the typical annual property tax bill is $515, which is significantly below the national median of $2,690. Property taxes in Mendenhall are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Mendenhall's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you reside in the heart of Mendenhall or another part of Simpson County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mendenhall, Simpson County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$529
$491
Ownwell’s Mendenhall Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mendenhall with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mendenhall 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 Mendenhall, Simpson County, Mississippi
Property taxes in Mendenhall, Mississippi, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mendenhall is 1.00%, higher than the U.S. national median of 0.99%. Local government entities within Mendenhall set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mendenhall 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 Mendenhall's effective property tax rate to other areas in Mississippi and the national median. For comparison, the zip code 39114 has both the highest and lowest median property tax rate of 1.00%. Understanding how these areas compare with Mendenhall provides valuable insights into the varying tax landscape across Simpson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mendenhall Tax Rate
1.00%
Average Simpson County Tax Rate
0.99%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mendenhall, Simpson County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39114 | 0.35% | 0.70% | 1.00% | 1.65% | 2.10% |
Source: Ownwell
Property Tax Assessment Values Across Mendenhall, Simpson County, Mississippi
In Mendenhall, 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 Simpson 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 Mendenhall, 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 Mendenhall helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 39114, with a median tax bill of $515.
Property Tax Assessment Values Across Mendenhall, Simpson County, Mississippi
Source: Ownwell
$41,060
$49,345
$57,630
Average Mendenhall Assessed Value
$52,935
Average Simpson County Assessed Value
$52,820
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mendenhall, Simpson County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39114 | $12,639 | $27,198 | $52,935 | $91,095 | $152,624 |
Source: Ownwell
Property Tax Bills Across Mendenhall, Simpson County, Mississippi
In Mendenhall, located in Simpson County, MS, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. Homeowners in Mendenhall can expect their property tax bills to vary significantly, with the 25th percentile tax bill being around $258 and the 75th percentile reaching up to $970. For those in the 90th percentile, the tax bill can be as high as $1701. The median home price in Mendenhall is $52,935, which influences the overall tax burden on homeowners. Compared to the national median property tax rate of 0.99%, Mendenhall's property taxes offer a relatively affordable option for residents. Factors such as property improvements, local tax rates, and exemptions can also affect the final tax bill. Understanding these elements helps homeowners anticipate their financial obligations and plan accordingly.
Average Mendenhall Tax Bill
$515
Average Simpson County Tax Bill
$510
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Mendenhall, Simpson County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39114 | $103 | $258 | $515 | $970 | $1,701 |
Source: Ownwell