Perkinston, Mississippi Property Taxes
The median property tax rate in Perkinston, MS is 1.23%, which is higher than the national median of 0.99% but slightly lower than the Mississippi state median of 1.31%. With a median home value of $63,424 in Perkinston, the typical annual property tax bill amounts to $733, well below the national median of $2,690. Property taxes in Perkinston are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Navigating Perkinston'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 Perkinston or another part of Stone County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Perkinston, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$780
Ownwell’s Perkinston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Perkinston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Perkinston 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 Perkinston, Mississippi
Property taxes in Perkinston, Mississippi, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Perkinston is 0.52%, significantly lower than both the Mississippi state median of 0.81% and the U.S. national median of 0.99%. Local government entities within Perkinston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Perkinston 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 Perkinston's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39573 zip code has the highest median property tax rate of 0.52%, while the same 39573 zip code also has the lowest median tax rate of 0.52%. Understanding how these cities compare with Perkinston provides valuable insights into the varying tax landscape across Stone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Perkinston Tax Rate
1.23%
Average Stone County Tax Rate
1.32%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Perkinston, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39573 | 0.55% | 1.01% | 1.23% | 2.12% | 2.12% |
Source: Ownwell
Property Tax Assessment Values Across Perkinston, Mississippi
In Perkinston, 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 Stone 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 Perkinston, 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. For example, the median home price in Perkinston is $63,424, with tax bills ranging from $292 at the 25th percentile to $2,130 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Perkinston Assessed Value
$63,424
Average Stone County Assessed Value
$56,928
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Perkinston, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39573 | $10,197 | $22,565 | $63,424 | $115,731 | $159,783 |
Source: Ownwell
Property Tax Bills Across Perkinston, Mississippi
In Perkinston, Stone County, MS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Perkinston is $63,424. The property tax rate in this area is determined by local government and is used to fund essential services such as schools, infrastructure, and public safety. Homeowners in Perkinston can expect varying tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is $292, while those in the 75th percentile see bills around $1,459. The highest tax bills, in the 90th percentile, can go up to $2,130. Interestingly, the median tax bill is consistent at $733, regardless of the zip code. Compared to the national median property tax rate of 0.99%, Perkinston's tax bills may seem relatively moderate. However, these taxes can significantly impact homeowners, influencing decisions about home purchases, renovations, and long-term financial planning.
Average Perkinston Tax Bill
$733
Average Stone County Tax Bill
$722
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Perkinston, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39573 | $139 | $292 | $733 | $1,459 | $2,130 |
Source: Ownwell