Etta, Mississippi Property Taxes
The median property tax rate in Etta, MS is 0.95%, slightly lower than the national median of 0.99% and significantly below the Mississippi state median of 1.31%. With a median home value of $49,970 in Etta, the typical annual property tax bill is $479, which is much lower than the national median of $2,690. Property taxes in Etta are calculated based on the assessed value, often reduced by exemptions such as those for primary residences and agricultural properties. By understanding Etta's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you reside in the heart of Etta or another part of Union County, gaining insight into the local property tax system will be beneficial.
Last Updated June 14, 2024
Etta, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$475
$441
Ownwell’s ETTA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ETTA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ETTA 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 Etta, Mississippi
Property taxes in Etta, Mississippi, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Etta is 0.95%, slightly below the U.S. national median of 0.99%. Local government entities within Etta set these rates annually, and they can vary across different neighborhoods. Each year, Etta 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 Etta's effective property tax rate to other areas in Union County and the national median. For comparison, the zip code 38627 has both the highest and lowest median property tax rate in the region at 0.95%. Understanding how these areas compare with Etta provides valuable insights into the varying tax landscape across Union County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Etta Tax Rate
0.95%
Average Union County Tax Rate
1.14%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Etta, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38627 | 0.60% | 0.68% | 0.95% | 1.57% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Etta, Mississippi
In Etta, 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 Union 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 Etta, 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 Etta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $479 in the 38627 zip code, which also represents the lowest median tax bill.
Average Etta Assessed Value
$49,970
Average Union County Assessed Value
$62,900
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Etta, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38627 | $8,362 | $18,090 | $49,970 | $95,820 | $171,498 |
Source: Ownwell
Property Tax Bills Across Etta, Mississippi
In ETTA, Union County, MS, 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 property's market value. Homeowners in ETTA can expect their property tax bills to vary significantly. For example, the 25th percentile tax bill is around $204, while the 75th percentile reaches $998, and the 90th percentile can go up to $1,778. The highest median tax bill recorded in the area is $479 in the 38627 zip code, which also happens to have the lowest median tax bill, indicating a uniform tax rate within that zip code. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, ETTA's rates could be seen as relatively moderate, impacting homeowners' annual expenses and potentially affecting the overall affordability of owning property in the area.
Average Etta Tax Bill
$479
Average Union County Tax Bill
$664
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Etta, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38627 | $95 | $204 | $479 | $998 | $1,778 |
Source: Ownwell