Jayess, Walthall County, Mississippi Property Taxes
The median property tax rate in Jayess, MS is 1.08%, slightly higher than the national median of 0.99%, yet lower than the Mississippi state median of 1.31%. With a median home value of $60,220 in Jayess, the typical annual property tax bill amounts to $596, which is significantly below the national median of $2,690. Property taxes in Jayess are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Jayess'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 Jayess 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
Jayess, Walthall County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$650
$604
Ownwell’s Jayess Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jayess with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jayess 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 Jayess, Walthall County, Mississippi
Property taxes in Jayess, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jayess is 0.67%, lower than both the Mississippi state median of 0.81% and the U.S. national median of 0.99%. Local government entities within Jayess set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jayess 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 Jayess's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39641 zip code has the highest median property tax rate of 0.67%, while the same 39641 zip code also has the lowest median tax rate of 0.67%. Understanding how these cities compare with Jayess provides valuable insights into the varying tax landscape across Walthall County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jayess Tax Rate
1.08%
Average Walthall County Tax Rate
1.14%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jayess, Walthall County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39641 | 0.30% | 0.86% | 1.08% | 1.91% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Jayess, Walthall County, Mississippi
In Jayess, 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 Walthall 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 Jayess, 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 instance, the zip code 39641 has the highest and lowest median tax bill, both at $596. Being aware of these valuation processes in Jayess helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Jayess, Walthall County, Mississippi
Source: Ownwell
$58,650
$69,998
$81,345
Average Jayess Assessed Value
$60,220
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 Jayess, Walthall County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39641 | $11,890 | $32,810 | $60,220 | $93,790 | $140,128 |
Source: Ownwell
Property Tax Bills Across Jayess, Walthall County, Mississippi
In Jayess, located in Walthall County, MS, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The tax rate is then applied to this assessed value to determine the tax bill. For example, with a median home price of $60,220, homeowners can expect a variety of tax bills depending on specific factors such as property size, location, and any applicable exemptions. The tax bill in Jayess can vary significantly, with the 25th percentile at $277 and the 75th percentile reaching $1,192. At the higher end, the 90th percentile tax bill can be as much as $2,030. These figures illustrate the range of property tax burdens that homeowners might face, influenced by the assessed value of their properties and the applicable tax rate. Compared to the national median property tax rate of 0.99%, the property tax bills in Jayess reflect localized economic conditions and valuation practices, impacting homeowners differently based on their property’s assessed value.
Average Jayess Tax Bill
$596
Average Walthall County Tax Bill
$680
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Jayess, Walthall County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39641 | $126 | $277 | $596 | $1,192 | $2,030 |
Source: Ownwell