Walthall County Property Taxes
The median property tax rate in Walthall County is 1.14%, which is higher than the national median of 0.99% but lower than the Mississippi state median of 1.31%. With a median home value of $59,600 in Walthall County, the typical annual property tax bill is about $680, significantly less than the national median of $2,690. Property taxes in Walthall County are calculated based on the tax assessed value, which is often lower than the actual market value due to various exemptions like those for primary residences and agricultural properties. Understanding Walthall County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you live in Tylertown or another part of Walthall County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Walthall County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$679
Ownwell’s Walthall Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Walthall with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Walthall to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Walthall County, Mississippi
Property taxes in Walthall County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Walthall County is 1.14%, which is higher than the U.S. national median of 0.99%. Local government entities within Walthall County set these rates annually, and they can vary significantly between different areas within the county. Each year, Walthall County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Walthall County's effective property tax rate with other areas in Mississippi and the national median. For comparison, the city of Tylertown has one of the higher property tax rates in Mississippi at 1.17%, while the city of Jackson boasts one of the lowest at 0.83%. Analyzing how Walthall County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Walthall County Tax Rate
1.14%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Walthall County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Foxworth | 0.14% | 0.61% | 0.88% | 1.63% | 1.92% |
| Jackson | 0.83% | 0.83% | 0.83% | 0.83% | 0.83% |
| Jayess | 0.30% | 0.86% | 1.08% | 1.91% | 1.92% |
| Kokomo | 0.15% | 0.64% | 1.01% | 1.91% | 1.92% |
| Osyka | 0.48% | 0.88% | 1.00% | 1.91% | 1.92% |
| Sandy Hook | 0.39% | 0.87% | 1.06% | 1.91% | 1.92% |
| Tylertown | 0.43% | 0.87% | 1.17% | 1.92% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Walthall County, Mississippi
In Walthall County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Walthall County Appraisal District. The assessed value, however, 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. Assessment notices in Walthall County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, in Jackson, the highest median tax bill is $1,246, while in Foxworth, the lowest median tax bill is $480. Being aware of these valuation processes in Walthall County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Walthall County, Mississippi
Source: Ownwell
$58,650
$104,460
$150,270
Average Walthall County Assessed Value
$59,600
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Walthall County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Foxworth | $14,002 | $32,100 | $58,650 | $82,190 | $161,312 |
| Jackson | $150,270 | $150,270 | $150,270 | $150,270 | $150,270 |
| Jayess | $11,890 | $32,810 | $60,220 | $93,790 | $140,128 |
| Kokomo | $33,125 | $55,068 | $81,345 | $107,378 | $148,274 |
| Osyka | $30,210 | $52,642 | $66,290 | $83,082 | $108,556 |
| Sandy Hook | $12,919 | $33,362 | $62,265 | $95,532 | $147,288 |
| Tylertown | $12,413 | $32,055 | $59,160 | $94,302 | $142,080 |
Source: Ownwell
Property Tax Bills Across Walthall County, Mississippi
In Walthall County, MS, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county and is typically a percentage of the property's market value. Homeowners in Walthall County can expect their property tax bills to vary significantly depending on their property's assessed value and the specific tax rate applied. For instance, the median home price in Walthall County is $59,600. Tax bills in the county range widely, with the 25th percentile bill at $329 and the 75th percentile reaching $1,240. The highest median tax bill in the county is in Jackson, at $1,246, while Foxworth has the lowest median tax bill at $480. These figures illustrate how location and property value can impact the amount homeowners are required to pay in property taxes. Compared to the national median property tax rate of 0.99%, Walthall County's rates can be considered relatively moderate, offering some financial relief to homeowners in the area.
Average Walthall County Tax Bill
$680
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Walthall County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Foxworth | $55 | $145 | $480 | $867 | $1,802 |
| Jackson | $1,246 | $1,246 | $1,246 | $1,246 | $1,246 |
| Jayess | $126 | $277 | $596 | $1,192 | $2,030 |
| Kokomo | $77 | $240 | $787 | $1,335 | $1,777 |
| Osyka | $429 | $589 | $746 | $1,011 | $1,151 |
| Sandy Hook | $114 | $300 | $667 | $1,192 | $1,898 |
| Tylertown | $146 | $345 | $693 | $1,252 | $2,044 |
Source: Ownwell