Doddsville, Mississippi Property Taxes
The median property tax rate in Doddsville, MS is 1.85%, significantly higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Doddsville at $54,037, the typical annual property tax bill reaches $722, which is below the national median of $2,690. Property taxes in Doddsville 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 Doddsville'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 Doddsville 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
Doddsville, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.85%
Estimate Property Tax Bill
$1,000
$928
Ownwell’s Doddsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Doddsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Doddsville 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 Doddsville, Mississippi
Property taxes in Doddsville, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Doddsville is 1.85%, significantly higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Doddsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Doddsville 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 Doddsville's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 38736 zip code has both the highest and lowest median property tax rate of 1.85%. Understanding how these cities compare with Doddsville provides valuable insights into the varying tax landscape across Sunflower County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Doddsville Tax Rate
1.85%
Average Sunflower County Tax Rate
1.85%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Doddsville, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38736 | 0.77% | 0.83% | 1.85% | 1.85% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Doddsville, Mississippi
In Doddsviile, 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 Sunflower 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 Doddsviile, 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 Doddsviile helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 38736 has both the highest and lowest median tax bill at $722.
Average Doddsville Assessed Value
$54,037
Average Sunflower County Assessed Value
$50,210
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Doddsville, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38736 | $21,266 | $39,036 | $54,037 | $81,696 | $130,174 |
Source: Ownwell
Property Tax Bills Across Doddsville, Mississippi
In Doddsille, Sunflower County, MS, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The median home price in Doddsille is $54,037. Property tax rates are determined by local taxing authorities and are applied to the assessed value to calculate the tax bill. For instance, the median property tax bill in Doddsille is around $722, which is significantly lower than the national median property tax rate of 0.99%. Factors that influence the tax bill include the home's assessed value, local tax rates, and any applicable exemptions or deductions. Homeowners in Doddsille may find their tax bills at the 25th percentile around $403, while those at the 75th percentile could see bills up to $1,121. The highest tax bills, at the 90th percentile, can reach approximately $1,691. These variations affect homeowners by influencing their annual housing costs and potentially their ability to afford other expenses.
Average Doddsville Tax Bill
$722
Average Sunflower County Tax Bill
$885
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Doddsville, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38736 | $221 | $403 | $722 | $1,121 | $1,691 |
Source: Ownwell