Sandy Hook, Mississippi Property Taxes
The median property tax rate in Sandy Hook, MS is 1.06%, slightly higher than the national median of 0.99%, but lower than the Mississippi state median of 1.31%. With a median home value of $62,265 in Sandy Hook, the typical annual property tax bill amounts to $667, which is significantly lower than the national median of $2,690. Property taxes in Sandy Hook are calculated based on the tax assessed value, which often falls below the market value due to exemptions like primary residence and agricultural exemptions. Understanding Sandy Hook'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 Sandy Hook 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
Sandy Hook, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$660
$612
Ownwell’s Sandy Hook Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sandy Hook with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sandy Hook 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 Sandy Hook, Mississippi
Property taxes in Sandy Hook, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sandy Hook is 1.06%, which is higher than the U.S. national median of 0.99%. Local government entities within Sandy Hook set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sandy Hook 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 Sandy Hook's effective property tax rate to other areas in Mississippi and the national median. For comparison, the zip code 39478 has both the highest and lowest median property tax rate of 1.06%. Understanding how these areas compare with Sandy Hook 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 Sandy Hook Tax Rate
1.06%
Average Walthall County Tax Rate
1.14%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sandy Hook, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39478 | 0.39% | 0.87% | 1.06% | 1.91% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Sandy Hook, Mississippi
In Sandy Hook, 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 Sandy Hook, 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 Sandy Hook 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 $667 in zip code 39478, which is also the lowest median tax bill.
Average Sandy Hook Assessed Value
$62,265
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 Sandy Hook, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39478 | $12,919 | $33,362 | $62,265 | $95,532 | $147,288 |
Source: Ownwell
Property Tax Bills Across Sandy Hook, Mississippi
Property tax bills in Sandy Hook, located in Walthall County, MS, are calculated based on the assessed value of a property. The assessment rate is applied to the market value of the home to determine its assessed value. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. Factors such as property size, location, and market conditions influence the market value, thereby impacting the assessed value and ultimately the tax bill. Homeowners in Sandy Hook experience varying property tax bills. For instance, the 25th percentile tax bill is around $300, while the 75th percentile tax bill is approximately $1,192. The 90th percentile tax bill can reach up to $1,898. These figures highlight the range of property tax obligations within the community. Compared to the national median property tax rate of 0.99%, Sandy Hook's property taxes are relatively low, providing some financial relief to homeowners. This variation in tax bills ensures that property taxes are more manageable for a broader range of residents.
Average Sandy Hook Tax Bill
$667
Average Walthall County Tax Bill
$680
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Sandy Hook, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39478 | $114 | $300 | $667 | $1,192 | $1,898 |
Source: Ownwell