Pulaski, Smith County, Mississippi Property Taxes
The median property tax rate in Pulaski, MS is 0.74%, considerably lower than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Pulaski at $61,540, the typical annual property tax bill reaches $433, well below the national median of $2,690. Property taxes in Pulaski are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pulaski'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 Pulaski 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
Pulaski, Smith County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$455
$423
Ownwell’s Pulaski Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pulaski with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pulaski 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 Pulaski, Smith County, Mississippi
Property taxes in Pulaski, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pulaski is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Pulaski set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pulaski 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 Pulaski's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39152 zip code has the highest median property tax rate of 0.74%, while the same zip code also has the lowest median tax rate of 0.74%. Understanding how these cities compare with Pulaski provides valuable insights into the varying tax landscape across Smith County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pulaski Tax Rate
0.74%
Average Smith County Tax Rate
0.83%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pulaski, Smith County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39152 | 0.28% | 0.62% | 0.74% | 1.54% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Pulaski, Smith County, Mississippi
In Pulaski, 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 Smith 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 Pulaski, 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 Pulaski helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Pulaski is $433 in the 39152 zip code, while the lowest is also $433 in the same zip code.
Property Tax Assessment Values Across Pulaski, Smith County, Mississippi
Source: Ownwell
$45,975
$81,590
$117,205
Average Pulaski Assessed Value
$61,540
Average Smith County Assessed Value
$63,970
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pulaski, Smith County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39152 | $14,390 | $31,020 | $61,540 | $96,670 | $151,520 |
Source: Ownwell
Property Tax Bills Across Pulaski, Smith County, Mississippi
In Pulaski, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. The assessed value is typically a percentage of the market value of your property. Pulaski homeowners can expect a range of property tax bills depending on the value of their homes. For instance, the 25th percentile tax bill is around $213, while the 75th percentile tax bill reaches $924, and the 90th percentile tax bill can go up to $1514. The highest median tax bill in the area is $433, found in the zip code 39152. These property taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the quality of life in the community. Homeowners should be aware that higher property values generally lead to higher tax bills, which can affect monthly budgets and long-term financial planning. Comparing Pulaski’s property tax rates to the national median of 0.99% can also provide context for homeowners evaluating their tax obligations.
Average Pulaski Tax Bill
$433
Average Smith County Tax Bill
$565
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Pulaski, Smith County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39152 | $103 | $213 | $433 | $924 | $1,514 |
Source: Ownwell