Duck Hill, Webster County, Mississippi Property Taxes
The median property tax rate in Duck Hill, MS is 0.87%, which is lower than both the national median of 0.99% and the Mississippi state median of 1.31%. With a median home value of $86,248 in Duck Hill, the typical annual property tax bill amounts to $565, significantly below the national median of $2,690. Property taxes in Duck Hill are based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Duck Hill'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 Duck Hill 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
Duck Hill, Webster County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$750
$696
Ownwell’s Duck Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Duck Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Duck Hill 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 Duck Hill, Webster County, Mississippi
Property taxes in Duck Hill, Mississippi, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Duck Hill is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Duck Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Duck Hill 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 Duck Hill's effective property tax rate to other counties in Mississippi and the national median. For comparison, the zip code 38925 has the highest median property tax rate of 0.87%, while the same zip code also has the lowest median tax rate of 0.87%. Understanding how these cities compare with Duck Hill provides valuable insights into the varying tax landscape across Webster County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Duck Hill Tax Rate
0.87%
Average Webster County Tax Rate
0.98%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Duck Hill, Webster County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38925 | 0.46% | 0.76% | 0.87% | 1.02% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Duck Hill, Webster County, Mississippi
In Duck Hill, 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 Webster 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. 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 Duck Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 38925 has both the highest and lowest median tax bill at $565.
Property Tax Assessment Values Across Duck Hill, Webster County, Mississippi
Source: Ownwell
$62,437
$74,343
$86,248
Average Duck Hill Assessed Value
$86,248
Average Webster County Assessed Value
$69,631
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Duck Hill, Webster County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38925 | $58,362 | $66,737 | $86,248 | $118,680 | $151,186 |
Source: Ownwell
Property Tax Bills Across Duck Hill, Webster County, Mississippi
In Duck Hill, located in Webster County, MS, property tax bills are calculated based on the assessed value of a property, which is a percentage of the market value. The median home price in Duck Hill is $86,248. Homeowners can expect their tax bills to vary significantly, with the 25th percentile tax bill at $462 and the 75th percentile at $1,228. The highest median tax bill in the area is $565, which is consistent across the zip code 38925. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. These taxes fund essential public services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Duck Hill's rates can be more favorable, potentially easing the financial burden on homeowners. Understanding these factors can help residents anticipate their property tax obligations and manage their finances more effectively.
Average Duck Hill Tax Bill
$565
Average Webster County Tax Bill
$751
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Duck Hill, Webster County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38925 | $442 | $462 | $565 | $1,228 | $1,941 |
Source: Ownwell