Blue Mountain, Mississippi Property Taxes
The median property tax rate in Blue Mountain, MS is 1.49%, significantly higher than both the national median of 0.99% and Mississippi's state median of 1.31%. With a median home value of $43,390 in Blue Mountain, the typical annual property tax bill amounts to $674, which is below the national median of $2,690. Property taxes in Blue Mountain are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Blue Mountain's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Blue Mountain or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blue Mountain, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.49%
Estimate Property Tax Bill
$647
$600
Ownwell’s Blue Mountain Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Blue Mountain. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Blue Mountain to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, making it easier to plan your finances. For those interested in more detailed insights, we provide localized information on neighborhood trends. Your property’s assessed value, determined by the county, plays a crucial role in these calculations, taking into account any applicable exemptions.
Property Tax Rates Across Blue Mountain, Mississippi
Property taxes in Blue Mountain, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blue Mountain is 1.49%, significantly higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Blue Mountain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blue Mountain 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 Blue Mountain's effective property tax rate to other counties in Mississippi and the national median. For comparison, the zip code 38610 has the highest median property tax rate of 1.49%, while the same zip code also has the lowest median tax rate of 1.49%. Understanding how these cities compare with Blue Mountain provides valuable insights into the varying tax landscape across Tippah County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blue Mountain Tax Rate
1.49%
Average Tippah County Tax Rate
1.38%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blue Mountain, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38610 | 0.81% | 1.15% | 1.49% | 2.42% | 2.54% |
Source: Ownwell
Property Tax Assessment Values Across Blue Mountain, Mississippi
In Blue Mountain, 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 Tippah 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 Blue Mountain, 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. The highest median tax bill in the area is $674, found in zip code 38610, while the lowest median tax bill is also $674 in the same zip code. Being aware of these valuation processes in Blue Mountain helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Blue Mountain, Mississippi
Source: Ownwell
$18,460
$34,503
$50,545
Average Blue Mountain Assessed Value
$43,390
Average Tippah County Assessed Value
$46,380
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blue Mountain, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38610 | $9,610 | $22,000 | $43,390 | $71,745 | $117,836 |
Source: Ownwell
Property Tax Bills Across Blue Mountain, Mississippi
In Blue Mountain, Tippah County, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is typically a percentage of the market value of the property. Homeowners in Blue Mountain experience a range of property tax bills, with the 25th percentile at $294 and the 75th percentile reaching $1,193. The highest median tax bill in the area is $674, found in zip code 38610. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. These elements combine to create a tax obligation that can significantly impact homeowners. For example, a median home price of $43,390 in Blue Mountain, when assessed, results in tax bills that can vary widely, reflecting the diverse economic landscape of the area. Compared to the national median property tax rate of 0.99%, Blue Mountain's rates and tax bills offer a unique perspective on local property taxation.
Average Blue Mountain Tax Bill
$674
Average Tippah County Tax Bill
$673
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Blue Mountain, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38610 | $137 | $294 | $674 | $1,193 | $1,917 |
Source: Ownwell