Sunflower, Sunflower County, Mississippi Property Taxes
The median property tax rate in Sunflower, MS is 1.81%, significantly higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Sunflower at $47,175, the typical annual property tax bill reaches $603, which is below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Sunflower'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 Sunflower 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
Sunflower, Sunflower County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.81%
Estimate Property Tax Bill
$854
$792
Ownwell’s Sunflower Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sunflower with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sunflower 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 Sunflower, Sunflower County, Mississippi
Property taxes in Sunflower, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sunflower is 1.81%, significantly higher than the U.S. national median of 0.99%. Local government entities within Sunflower set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sunflower 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 Sunflower's effective property tax rate to other counties in Mississippi and the national median. For comparison, the zip code 38778 has the highest median property tax rate of 1.81%, while the same zip code also has the lowest median tax rate of 1.81%. Understanding how these cities compare with Sunflower 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 Sunflower Tax Rate
1.81%
Average Sunflower County Tax Rate
1.85%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sunflower, Sunflower County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38778 | 0.80% | 0.81% | 1.81% | 1.81% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Sunflower, Sunflower County, Mississippi
In Sunflower, 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 Sunflower, 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 highest median tax bill in Sunflower is $603 in the 38778 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Sunflower, Sunflower County, Mississippi
Source: Ownwell
$40,876
$62,881
$84,885
Average Sunflower Assessed Value
$47,175
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 Sunflower, Sunflower County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38778 | $18,533 | $34,298 | $47,175 | $62,253 | $118,017 |
Source: Ownwell
Property Tax Bills Across Sunflower, Sunflower County, Mississippi
In Sunflower, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The assessed value is a percentage of the market value of your property. Various factors such as the location, size, and condition of your home play a role in determining its market value. Once the assessed value is established, it is multiplied by the local tax rate to calculate your property tax bill. For homeowners in Sunflower, the annual tax bill can vary significantly. For instance, the tax bill at the 25th percentile is around $348, while at the 75th percentile, it rises to approximately $964. At the higher end, the 90th percentile tax bill can be as much as $2040. Compared to the national median property tax rate of 0.99%, Sunflower's rates reflect a diverse range of property values and tax burdens. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Sunflower Tax Bill
$603
Average Sunflower County Tax Bill
$885
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Sunflower, Sunflower County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38778 | $184 | $348 | $603 | $964 | $2,040 |
Source: Ownwell