Eupora, Mississippi Property Taxes
The median property tax rate in Eupora, MS is 0.96%, 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 $67,535, the typical annual property tax bill in Eupora amounts to $743, which is much less than the national median of $2,690. Property taxes in Eupora are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Eupora'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 Eupora or another part of Webster County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eupora, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$648
$602
Ownwell’s Eupora Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eupora with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eupora 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 Eupora, Mississippi
Property taxes in Eupora, Mississippi, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eupora is 0.96%, slightly below the U.S. national median of 0.99%. Local government entities within Eupora set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eupora 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 Eupora's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39744 zip code has both the highest and lowest median property tax rate of 0.96%. Understanding how these cities compare with Eupora 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 Eupora Tax Rate
0.96%
Average Webster County Tax Rate
0.98%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eupora, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39744 | 0.38% | 0.76% | 0.96% | 1.72% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across Eupora, Mississippi
In Eupora, 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 Tax Assessor 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 Eupora, 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. Eupora's median home price is $67,535, with tax bills ranging from $410 at the 25th percentile to $1,758 at the 90th percentile. The highest and lowest median tax bills are both $743 in the 39744 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Eupora Assessed Value
$67,535
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 Eupora, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39744 | $22,977 | $45,325 | $67,535 | $101,762 | $152,287 |
Source: Ownwell
Property Tax Bills Across Eupora, Mississippi
In Eupora, Webster County, MS, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Eupora is $67,535. Property tax rates in Eupora are relatively low compared to the national median property tax rate of 0.99%. Homeowners in Eupora can expect their tax bills to vary significantly depending on their property's assessed value. For instance, tax bills can range from the 25th percentile at $410 to the 75th percentile at $1,180, with the 90th percentile reaching up to $1,758. The highest and lowest median tax bills in the area are both $743, reflecting a consistent rate within the specified zip code of 39744. These tax bills can have a substantial impact on homeowners, influencing their annual budget and overall financial planning. Lower property taxes in Eupora can make homeownership more affordable compared to other regions with higher tax rates, providing a financial advantage for residents.
Average Eupora Tax Bill
$743
Average Webster County Tax Bill
$751
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Eupora, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39744 | $198 | $410 | $743 | $1,180 | $1,758 |
Source: Ownwell