Enid, Mississippi Property Taxes
The median property tax rate in Enid, MS is 1.15%, which is higher than both the national median of 0.99% and Mississippi's state median of 1.31%. With the median home value in Enid, the typical annual property tax bill reaches $473, falling below the national median of $2,690. Property taxes in Enid 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 Enid'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 Enid 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
Enid, Mississippi Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$2,620
Ownwell’s Enid Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Enid with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Enid 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 Enid, Mississippi
Property taxes in Enid, Mississippi, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Enid is 1.15%, significantly higher than the U.S. national median of 0.99%. Local government entities within Enid set these rates annually, and they can vary significantly across different neighborhoods. Each year, Enid 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 Enid's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 38927 zip code has both the highest and lowest median property tax rate of 1.15%. Understanding how these cities compare with Enid provides valuable insights into the varying tax landscape across Tallahatchie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Enid Tax Rate
1.15%
Average Tallahatchie County Tax Rate
1.71%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Enid, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38927 | 0.65% | 0.84% | 1.15% | 1.87% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Enid, Mississippi
In Enid, 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 Tallahatchie 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 Enid, 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 Enid helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Enid is $473, found in the 38927 zip code, while the lowest median tax bill is also $473 in the same zip code.
Average Enid Assessed Value
$39,298
Average Tallahatchie County Assessed Value
$42,376
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Enid, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38927 | $8,197 | $15,861 | $39,298 | $69,978 | $132,590 |
Source: Ownwell
Property Tax Bills Across Enid, Mississippi
In Enid, property tax bills are determined based on the assessed value of a property, which is a percentage of its market value. Factors such as property size, location, and improvements can influence this assessed value. The local tax rate is then applied to the assessed value to calculate the annual tax bill. For homeowners, this means that changes in property values or local tax rates can directly impact their tax obligations. The median home price in Enid is $39,298, resulting in varying tax bills. The 25th percentile tax bill is $199, while the 75th percentile tax bill reaches $904. At the 90th percentile, homeowners could see tax bills as high as $1,715. Comparatively, the highest median tax bill in the region is $473 in the 38927 zip code. Given the national median property tax rate of 0.99%, Enid's tax rates can be considered relatively moderate, but individual tax bills can still vary significantly based on property assessments and local tax policies.
Average Enid Tax Bill
$473
Average Tallahatchie County Tax Bill
$479
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Enid, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38927 | $104 | $199 | $473 | $904 | $1,715 |
Source: Ownwell