Pinola, Simpson County, Mississippi Property Taxes
The median property tax rate in Pinola, MS is 1.01%, slightly higher than the national median of 0.99% but lower than the Mississippi state median of 1.31%. With the median home value in Pinola, the typical annual property tax bill reaches $416, well below the national median of $2,690. Property taxes in Pinola are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Pinola'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 Pinola or another part of Simpson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pinola, Simpson County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$456
$423
Ownwell’s Pinola Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pinola with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pinola 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 Pinola, Simpson County, Mississippi
Property taxes in Pinola, Mississippi, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pinola is 1.01%, higher than both the Mississippi state median of 0.81% and the U.S. national median of 0.99%. Local government entities within Pinola set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pinola 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 Pinola's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39149 zip code has the highest median property tax rate of 1.01%, while the 39149 zip code also has the lowest median tax rate of 1.01%. Understanding how these areas compare with Pinola 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 Pinola Tax Rate
1.01%
Average Simpson County Tax Rate
0.99%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pinola, Simpson County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39149 | 0.43% | 0.69% | 1.01% | 1.65% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Pinola, Simpson County, Mississippi
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Pinola, Mississippi. 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 Pinola, 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. The median home price in Pinola is $45,150, with tax bills ranging from $197 at the 25th percentile to $1,403 at the 90th percentile. The zip code 39149 has both the highest and lowest median tax bills at $416. 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 Pinola helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Pinola, Simpson County, Mississippi
Source: Ownwell
$41,060
$49,345
$57,630
Average Pinola Assessed Value
$45,150
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 Pinola, Simpson County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39149 | $11,210 | $21,180 | $45,150 | $74,170 | $128,410 |
Source: Ownwell
Property Tax Bills Across Pinola, Simpson County, Mississippi
Property tax bills in Pinola, Simpson County, MS, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the property's market value, which in Pinola, with a median home price of $45,150, plays a significant role in the calculation. Homeowners in this region typically see tax bills ranging from $197 at the 25th percentile to $1,403 at the 90th percentile. The highest median tax bill recorded in the area is $416, specifically in the 39149 zip code. Factors such as property size, location, and improvements influence the assessed value, ultimately affecting the tax bill. Compared to the national median property tax rate of 0.99%, Pinola residents experience relatively lower property taxes. Understanding these elements helps homeowners anticipate their tax obligations and manage their finances more effectively.
Average Pinola Tax Bill
$416
Average Simpson County Tax Bill
$510
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Pinola, Simpson County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39149 | $94 | $197 | $416 | $769 | $1,403 |
Source: Ownwell